Northfield School District Health … - 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

2005

Legal Domicile

Principal Officer

BPAS

Tax Period

2023-01-01 to 2023-12-31

Northfield School District Health Reimbursement Arrangement Plan, founded in 2005, is a small nonprofit in the Mutual Benefit sector that reported $630K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $571K left a modest 9% surplus.

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: $545,811

THE PURPOSE OF THE PLAN IS TO PROVIDE CERTAIN EMPLOYEES WITH AN OPPORTUNITY TO RECEIVE REIMBURSEMENT FOR CERTAIN HEALTH CARE EXPENSES FOR 562 PARTICIPANTS IN 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 $622,917

Investment Income $7,316

Other Revenue $0

TOTAL REVENUE $630,233

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $545,811

Other Expenses $25,222

TOTAL EXPENSES $571,033

Year-over-Year Comparison

	2023	2022	Change
Revenue	$630,233	$736,468	-0.1%
Expenses	$571,033	$556,395	+0.0%
Net Income	$59,200	$180,073	-0.7%

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 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	$630,233	$571,033	$1,808,224	$59,200
2022	$736,468	$559,797	$1,709,287	$176,671
2021	$647,937	$531,243	$1,498,997	$116,694
2020	$488,573	$413,458	$1,381,558	$75,115
2019	$396,669	$450,341	$1,305,697	$-53,672
2018	$530,478	$372,884	$1,358,987	$157,594

Northfield School District Health Reimbursement Arrangement Plan