First Interstate BancSystem Inc Health Benefits Trust (EIN 364061730) - 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

1994

Legal Domicile

Principal Officer

Rachel Turitto

Phone

4062555300

Tax Period

2019-01-01 to 2019-12-31

First Interstate BancSystem Inc Health Benefits Trust, founded in 1994, is a micro nonprofit that reported $9K in total revenue in fiscal year 2019. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $2.9M exceeded revenue, resulting in a 30798% operating deficit.

Mission

Provide health benefits to participating employees.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $9,229

Other Revenue $0

TOTAL REVENUE $9,229

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,235

Fundraising Expenses $0

Other Expenses $1,399,573

TOTAL EXPENSES $2,851,619

Year-over-Year Comparison

	2019	2018	Change
Revenue	$9,229	$21,555,924	-1.0%
Expenses	$2,851,619	$24,013,165	-0.9%
Net Income	$-2,842,390	$-2,457,241	+0.2%

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

N/A

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
N/A	Trustee	1.00		$2,235	$0	$2,235
Mike Cherwin	Chief Human Resource Officer	1.00	Officer Director	$0	$0	$0
Phil Gaglia	Committee Member	1.00	Officer Director	$0	$0	$0
Jodi Delahunt Hubbell	Committee Member	1.00	Officer Director	$0	$0	$0
Rachel Turitto	Committee Member	1.00	Officer Director	$0	$0	$0
Kevin Riley	Committee Member	1.00	Officer Director	$0	$0	$0
Marcy D Mutch	Committee Member	1.00	Officer 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
2019	$9,229	$2,851,619	No data	$-2,842,390
2018	$21,555,924	$24,013,165	$4,017,924	$-2,457,241

First Interstate BancSystem Inc Health Benefits Trust