PROMED MOLDED PRODUCTS VEBA HEALTH SAVINGS ACCOUNT

EIN: 383733417 Mutual Benefit

PLYMOUTH, MN

Total Revenue
$25,890
Total Expenses
$340,029
Total Assets
$826,732
Net Assets
$826,732
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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
BPAS
Phone
7635774149
Tax Period
2022-06-01 to 2023-05-31

PROMED MOLDED PRODUCTS VEBA HEALTH SAVINGS ACCOUNT, founded in 2005, is a micro nonprofit in the Mutual Benefit sector that reported $26K in total revenue in fiscal year 2022. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $340K exceeded revenue, resulting in a 1213% operating deficit.

Mission

TO FUND REIMBURSEMENT OF 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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $23,276
Other Revenue $2,614
TOTAL REVENUE $25,890

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $8,608
TOTAL EXPENSES $340,029

Year-over-Year Comparison

2022 2021 Change
Revenue $25,890 $103,704 -0.8%
Expenses $340,029 $201,813 +0.7%
Net Income $-314,139 $-98,109 +2.2%
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

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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
N/A TRUSTEE 1.00
$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 $25,890 $340,029 $826,732 $-314,139
2023 No data No data No data No data
2022 $103,704 $201,813 $1,140,871 $-98,109
2021 $245,306 $164,574 $1,238,980 $80,732
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