Lakeville, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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The Nonprofit Insurance Trust (Trust) was established to administer self-insurance pools for nonprofit organizations in the State of Minnesota. The members of the Trust are made up of day support...
The Nonprofit Insurance Trust (Trust) was established to administer self-insurance pools for nonprofit organizations in the State of Minnesota. The members of the Trust are made up of day support services programs, employment training facilities for clients with disabilities, group homes, community mental health centers, community service organizations, nonprofit schools, and other social service organizations. The Trust is formed to pool the risks of the member organizations. The Trust may have one or more pools of nonprofit organizations. The Trust negotiates the insurance contracts, determines and processes eligibility decisions, communicates the plan features and rates to subscribers, administers claims and billing issues, collects premiums, and monitors legislative developments that affect the insurance plan.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare Nonprofit Insurance Trust Inc with other nonprofits in Minnesota and across the country.