EDINA PUBLIC SCHOOLS HEALTH REIMBU… - 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

2007

Legal Domicile

Principal Officer

BPAS

Phone

9528484980

Tax Period

2023-01-01 to 2023-12-31

EDINA PUBLIC SCHOOLS HEALTH REIMBURSEMENT TRUST, founded in 2007, is a micro nonprofit in the Mutual Benefit sector that reported $74K in total revenue in fiscal year 2023. Revenue fell 135% from the prior year — a significant decline worth monitoring.

Mission

THE PURPOSE OF THE PLAN IS TO PROVIDE CERTAIN EMPLOYEES WITH AN OPPORTUNITY TO RECEIVE REIMBURSEMENT FOR CERTAIN HEALTH CARE EXPENSES.

Program Service Accomplishments

Program 1

Expenses: $214,553

The purpose of the plan is to provide certain employees with an opportunity to receive reimbursement for certain health care expenses for 763 participants for plan year 2023.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $213,315

Investment Income $-287,725

Other Revenue $0

TOTAL REVENUE $-74,410

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $214,553

Other Expenses $19,594

TOTAL EXPENSES $234,147

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-74,410	$212,955	-1.3%
Expenses	$234,147	$240,582	0.0%
Net Income	$-308,557	$-27,627	+10.2%

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

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 and Trust	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	No data	No data	No data	No data
2023	$-74,410	$234,147	$1,060,838	$-308,557
2022	$212,955	$240,582	$1,369,395	$-27,627
2021	$208,416	$214,738	$1,397,022	$-6,322
2020	$299,262	$329,204	$1,403,344	$-29,942
2019	$432,836	$269,648	$1,433,286	$163,188
2018	$439,815	$290,042	$1,270,098	$149,773

EDINA PUBLIC SCHOOLS HEALTH REIMBURSEMENT TRUST