FIRST STATE BANK EMPL BNFCRY ASSN HLTH & WLFR BNFTS TR

EIN: 411605340

BAYPORT, MN

Total Revenue
$231,341
Total Expenses
N/A
Total Assets
$1,785,100
Net Assets
$1,785,100
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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
1987
Legal Domicile
MN
Principal Officer
CHAD A FETT
Phone
6513513760
Tax Period
2024-01-01 to 2024-12-31

FIRST STATE BANK EMPL BNFCRY ASSN HLTH & WLFR BNFTS TR, founded in 1987, is a small nonprofit that reported $231K in total revenue in fiscal year 2024. Revenue surged 88% from the prior year, signaling strong growth momentum.

Mission

PAYMENT OF NON-KEY EMPLOYEE RETIREE HEALTH AND LIFE INSURANCE POLICY PREMIUMS.

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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 $0
Investment Income $231,341
Other Revenue $0
TOTAL REVENUE $231,341

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2024 2023 Change
Revenue $231,341 $123,246 +0.9%
Expenses N/A N/A N/A
Net Income N/A $123,246 N/A
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
3
Independent Members
3
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
3
$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 $16,402 $16,402
PETER MATZEK CFO 1.00
Officer
$0 $0 $0
CHAD A FETT PRESIDENT - TRUST 1.00
Officer
$0 $0 $0
JASON HOWARD PRESIDENT 1.00
Officer
$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
2025 No data No data No data No data
2024 $231,341 No data $1,785,100 No data
2023 $123,246 No data $1,600,991 No data
2022 $49,855 No data $1,365,285 No data
2021 $46,244 No data $1,639,467 No data
2020 $43,846 No data $1,405,165 No data
2019 $36,972 No data $1,242,058 No data
2018 $34,390 No data $1,022,337 No data
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