MADISON GAS & ELECTRIC COMPANY HEALTH BENEFIT TRUST (EIN 391729857) - 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

JENNY LAGERWALL

Phone

6082527101

Tax Period

2024-07-01 to 2025-06-30

MADISON GAS & ELECTRIC COMPANY HEALTH BENEFIT TRUST, founded in 1994, is a small nonprofit in the Mutual Benefit sector that reported $551K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Net assets of $4.8M represent 104 months of operating reserves.

Mission

PAYMENT OF HEALTH OR LIFE INSURANCE BENEFIT PREMIUMS FOR CURRENT AND FORMER EMPLOYEES OF MADISON GAS & ELECTRIC CO.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $431,233

Investment Income $119,617

Other Revenue $0

TOTAL REVENUE $550,850

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $83,233

TOTAL EXPENSES $595,468

Year-over-Year Comparison

	2024	2023	Change
Revenue	$550,850	$812,882	-0.3%
Expenses	$595,468	$539,889	+0.1%
Net Income	$-44,618	$272,993	-1.2%

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	BY MADISON GAS & ELECTRIC	0.00		$0	$0	$0
N/A	TRUSTEE	0.10		$3,978	$0	$3,978

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
2025	$550,850	$595,468	$4,770,101	$-44,618
2024	$812,882	$539,889	$4,452,059	$272,993
2023	$500,821	$569,926	$3,991,001	$-69,105
2022	$409,606	$774,998	$3,941,454	$-365,392
2021	$383,740	$592,406	$4,472,960	$-208,666
2020	$532,065	$578,603	$4,424,465	$-46,538
2019	$351,619	$547,235	$4,660,627	$-195,616
2018	$366,763	$616,004	$4,741,847	$-249,241

MADISON GAS & ELECTRIC COMPANY HEALTH BENEFIT TRUST