City of Fridley VEBA Health Savings Plan (EIN 205248695) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

Hand Benefit Trust Co

Phone

7615713450

Tax Period

2024-01-01 to 2024-12-31

City of Fridley VEBA Health Savings Plan, founded in 2006, is a micro nonprofit in the Mutual Benefit sector that reported $24K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $28K exceeded revenue, resulting in a 13% operating deficit.

Mission

A voluntary employees' beneficiary association (VEBA)to fund reimbursement of eligible medical expenses under a health reimbursement arrangement

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $22,900

Investment Income $1,515

Other Revenue $0

TOTAL REVENUE $24,415

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $26,459

Other Expenses $1,101

TOTAL EXPENSES $27,560

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,415	$27,914	-0.1%
Expenses	$27,560	$44,570	-0.4%
Net Income	$-3,145	$-16,656	-0.8%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
Hand Benefit Trust Co	Trustee	1.0		$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
2024	$24,415	$27,560	$129,378	$-3,145
2023	$27,914	$44,570	$128,638	$-16,656
2022	$22,873	$27,528	$141,072	$-4,655
2021	$27,420	$26,612	$149,629	$808
2020	$26,732	$29,912	$143,288	$-3,180

City of Fridley VEBA Health Savings Plan