SHERBURNE COUNTY HRA TRUST

EIN: 320168724 Mutual Benefit

ELK RIVER, MN

Total Revenue
$1,551,185
Total Expenses
$1,129,157
Total Assets
$3,205,466
Net Assets
$3,205,466
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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
MN
Principal Officer
TAMMY BIGELOW
Phone
9523033198
Tax Period
2024-01-01 to 2024-12-31

SHERBURNE COUNTY HRA TRUST, founded in 2005, is a community nonprofit in the Mutual Benefit sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $422K, a strong 27% operating margin.

Mission

FUND HEALTH REIMBURSEMENT ARRANGEMENT BENEFITS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,419,280
Investment Income $131,905
Other Revenue $0
TOTAL REVENUE $1,551,185

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $40,377
TOTAL EXPENSES $1,129,157

Year-over-Year Comparison

2024 2023 Change
Revenue $1,551,185 $1,270,805 +0.2%
Expenses $1,129,157 $967,110 +0.2%
Net Income $422,028 $303,695 +0.4%
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
2
Independent Members
2
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
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TAMMY BIGELOW HR DIRECTOR N/A
Director
$0 $0 $0
MATRIX TRUST COMPANY DIRECTOR N/A
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 $1,551,185 $1,129,157 $3,205,466 $422,028
2023 $1,270,805 $967,110 $2,783,438 $303,695
2022 $1,168,208 $910,614 $2,479,743 $257,594
2021 $1,051,583 $747,842 $2,222,149 $303,741
2020 $967,147 $622,887 $1,903,698 $344,260
2019 $603,441 $586,349 $1,544,758 $17,092
2018 $539,022 $531,101 $1,509,681 $7,921
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