CITY OF LAKEVILLE HEALTH REIMBURSE… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

TAMMY SCHUTTA

Phone

9529854491

Tax Period

2022-01-01 to 2022-12-31

CITY OF LAKEVILLE HEALTH REIMBURSEMENT ARRANGEMENT TRUST, founded in 2006, is a small nonprofit that reported $108K in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $24K, a strong 22% operating margin.

Mission

TO FUND REIMBURSEMENT OF MEDICAL EXPENSES UNDER A HEALTH REIMBURSEMENT ARRANGEMENT.

Program Service Accomplishments

Program 1

Expenses: $83,872

HEALTH REIMBURSEMENT ARRANGEMENT FUNDED BY ORGANIZTION MADE MEDICAL EXPENSE REIMBURSTMENTS IN THE AMOUNT OF 125,560.56. EXPENSES RELATED TO THE INVESTMENT OF TRUST FUNDS TOTALED 1,742.63.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $105,055

Investment Income $2,513

Other Revenue $0

TOTAL REVENUE $107,568

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $83,872

Other Expenses $1,088

TOTAL EXPENSES $83,872

Year-over-Year Comparison

	2022	2021	Change
Revenue	$107,568	$119,693	-0.1%
Expenses	$83,872	$127,303	-0.3%
Net Income	$23,696	$-7,610	-4.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMMY SCHUTTA	HR MANAGER	1.00	Director	$0	$0	$0
MG TRUST COMPANY	TRUSTEE	1.00		$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2022	$107,568	$83,872	No data	$23,696
2021	$119,693	$127,303	$539,771	$-7,610
2020	$117,571	$125,489	$534,869	$-7,918
2019	$122,138	$140,858	$534,764	$-18,720
2018	$132,535	$140,488	$544,617	$-7,953

CITY OF LAKEVILLE HEALTH REIMBURSEMENT ARRANGEMENT TRUST