Nonprofit Insurance Trust Inc (EIN 271461867) - 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

2009

Legal Domicile

Principal Officer

Jim Bettendorf

Phone

9524695963

Tax Period

2023-01-01 to 2023-12-31

Nonprofit Insurance Trust Inc, founded in 2009, is a mid-sized nonprofit in the Mutual Benefit sector that reported $17.9M in total revenue in fiscal year 2023. The organization ran a surplus of $2.8M, a strong 15% operating margin.

Mission

Administer self insurance pools for nonprofit organizations in Minnesota.

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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 $17,100,499

Investment Income $773,345

Other Revenue $0

TOTAL REVENUE $17,873,844

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,801,471

Other Expenses $15,112,461

TOTAL EXPENSES $15,112,461

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,873,844	$17,278,123	+0.0%
Expenses	$15,112,461	$14,463,298	+0.0%
Net Income	$2,761,383	$2,814,825	0.0%

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
Sarah Ackerman	Chair	1.00	Officer Director	$0	$0	$0
Jim Bettendorf	Vice Chair	1.00	Officer Director	$0	$0	$0
Laura Purfeerst	Treasurer	1.00	Officer Director	$0	$0	$0
Kris Solz	Secretary	1.00	Officer Director	$0	$0	$0
Lynne Megan	Board Member	1.00	Director	$0	$0	$0
Robert Pickering	Board Member	1.00	Director	$0	$0	$0
Judie Foster Lupkin	Board Member (as of Aug 2023)	1.00	Director	$0	$0	$0
Ashley Kjos	Board Member	1.00	Director	$0	$0	$0
Tom Gillespie	Board Member	1.00	Director	$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	$17,873,844	$15,112,461	$45,356,707	$2,761,383
2022	$17,278,123	$14,463,298	$40,084,591	$2,814,825
2021	$18,458,548	$12,662,785	$40,064,568	$5,795,763
2020	$16,777,576	$15,236,845	$36,558,201	$1,540,731
2019	$16,786,304	$15,682,190	$35,840,369	$1,104,114
2018	$15,428,478	$12,520,387	$31,027,528	$2,908,091

Nonprofit Insurance Trust Inc