CITY OF LAKEVILLE HEALTH REIMBURSEMENT ARRANGEMENT TRUST

EIN: 205168094

LAKEVILLE, MN

Total Revenue
$107,568
Total Expenses
$83,872
Total Assets
N/A
Net Assets
N/A
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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
MN
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 REIMBUIRSEMENT OF MEDICAL EXPENSES UNDER A HEALTH REIMBURSEMENT ARRANGEMENT.

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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%)

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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

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Governance

Voting Members
1
Independent Members
1
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
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
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