Minnesota Bankers Association Employee Benefits Trust (EIN 411767627) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

Joseph Witt

Phone

9528353900

Tax Period

2024-07-01 to 2025-06-30

Minnesota Bankers Association Employee Benefits Trust, founded in 1986, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2024.

Mission

Provides group insurance benefits for employees of member banks of Minnesota Bankers Assoc.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,589,738

Investment Income $40,842

Other Revenue $0

TOTAL REVENUE $3,630,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $399,790

Fundraising Expenses $0

Other Expenses $1,487,824

TOTAL EXPENSES $3,725,371

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,630,580	$3,582,443	+0.0%
Expenses	$3,725,371	$3,801,069	0.0%
Net Income	$-94,791	$-218,626	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$536,658

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kellie Oestrich	Chair	1.00	Officer Director	$0	$0	$0
Juli Popp	Trustee	1.00	Director	$0	$0	$0
Ann Hart	Trustee	1.00	Director	$0	$0	$0
Chelsea Bennett	Trustee	1.00	Director	$0	$0	$0
Amy Amundson	Trustee	1.00	Director	$0	$0	$0
Kelli Stuewe	Trustee	1.00	Director	$0	$0	$0
Stacy Meyer	Trustee/Staff Rep	1.00	Director	$0	$0	$0
Chris Ryan	Trustee/Board Rep	1.00	Director	$0	$0	$0
Joe Witt	MBA President/CEO	3.70	Officer	$0	$73,313	$536,658

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	$3,630,580	$3,725,371	$1,608,973	$-94,791
2024	$3,582,443	$3,801,069	$1,546,855	$-218,626
2023	$3,439,780	$3,655,438	$1,847,930	$-215,658
2022	$3,479,882	$3,578,973	$1,999,600	$-99,091
2021	$3,621,718	$3,651,739	$2,080,226	$-30,021
2020	$3,628,866	$3,253,360	$2,095,658	$375,506
2019	$3,511,575	$3,488,372	$1,724,256	$23,203

Minnesota Bankers Association Employee Benefits Trust