EDUCATION MINNESOTA CROSBY-IRONTON RETIREE INSURANCE TRUST (EIN 237343141) - Form 990 Financial Analysis & Trantor Score

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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

BRIAN GAFFNEY

Phone

2188517439

Tax Period

2024-01-01 to 2024-12-31

EDUCATION MINNESOTA CROSBY-IRONTON RETIREE INSURANCE TRUST, founded in 2006, is a micro nonprofit in the Mutual Benefit sector that reported $25K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $181K exceeded revenue, resulting in a 629% operating deficit.

Mission

PAY HEALTH INSURANCE PREMIUMS FOR RETIRED TEACHERS FROM CROSBY-IRONTON PUBLIC SCHOOL DISRICT IN MINNESOTA AS AGREED UPON IN THE COLLECTIVE BARGAINING AGREEMENT BETWEEN THE SCHOOL DISTRICT AND THE TEACHER'S UNION. THIS IS THE SOLE MISSION OF THE TRUST.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $24,810

Other Revenue $0

TOTAL REVENUE $24,810

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $180,821

Other Expenses $0

TOTAL EXPENSES $180,821

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,810	$26,131	-0.1%
Expenses	$180,821	$221,517	-0.2%
Net Income	$-156,011	$-195,386	-0.2%

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

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
DANIEL W CRUSER	DIRECTOR	N/A		$0	$0	$0
BRIAN GAFFNEY	DIRECTOR	N/A		$0	$0	$0
GORDON SHARP	DIRECTOR	N/A		$0	$0	$0
BRIAN GAFFNEY	DIRECTOR	N/A	Officer	$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
2025	No data	No data	No data	No data
2024	$24,810	$180,821	$909,154	$-156,011
2023	$26,131	$221,517	$1,065,165	$-195,386
2022	$34,310	$261,442	$1,260,551	$-227,132
2021	$26,809	$247,482	$1,487,683	$-220,673
2020	$34,044	$224,770	$1,708,356	$-190,726

EDUCATION MINNESOTA CROSBY-IRONTON RETIREE INSURANCE TRUST