Union-Sponsored Health Benefits Trust for Represented Employees of the City of St Paul

EIN: 276260790 Mutual Benefit

Saint Paul, MN

Total Revenue
$3,368,300
Total Expenses
$3,121,207
Total Assets
$12,611,560
Net Assets
$12,611,560
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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
MN
Principal Officer
Hand Benefit Trust Co
Phone
6512668894
Tax Period
2023-01-01 to 2023-12-31

Union-Sponsored Health Benefits Trust for Represented Employees of the City of St Paul, founded in 2009, is a community nonprofit in the Mutual Benefit sector that reported $3.4M in total revenue in fiscal year 2023. Expenses of $3.1M left a modest 7% surplus.

Mission

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

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,300,165
Investment Income $68,135
Other Revenue $0
TOTAL REVENUE $3,368,300

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,017,949
Other Expenses $103,258
TOTAL EXPENSES $3,121,207

Year-over-Year Comparison

2023 2022 Change
Revenue $3,368,300 $3,228,641 +0.0%
Expenses $3,121,207 $2,989,144 +0.0%
Net Income $247,093 $239,497 +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

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Governance

Voting Members
1
Independent Members
1
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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 No data No data No data No data
2023 $3,368,300 $3,121,207 $12,611,560 $247,093
2022 $3,228,641 $2,989,144 $12,052,180 $239,497
2020 $311 $9,336,526 No data $-9,336,215
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