Minnesota School Boards Association Insurance Trust (EIN 416160028) - 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

1972

Legal Domicile

Principal Officer

Jeanna Lilleberg

Phone

5079342450

Tax Period

2024-07-01 to 2025-06-30

Minnesota School Boards Association Insurance Trust, founded in 1972, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $2.7M, a strong 77% operating margin.

Mission

To provide member school districts with insurance and risk management tools.

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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 $867,216

Investment Income $2,298,095

Other Revenue $358,758

TOTAL REVENUE $3,524,069

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,360

Fundraising Expenses $0

Program Expenses $76,395

Other Expenses $814,930

TOTAL EXPENSES $818,290

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,524,069	$4,168,197	-0.2%
Expenses	$818,290	$793,113	+0.0%
Net Income	$2,705,779	$3,375,084	-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

Employees

N/A

Volunteers

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

$960

Total Directors

$2,820

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeanna Lilleberg	Chair	0.30	Officer Director	$480	$0	$480
Deb Pauly	Vice Chair	0.30	Officer Director	$480	$0	$480
Kirk Schneidawind	Secretary/Treasurer	1.70	Officer	$0	$0	$0
Mike Pfeil	Trustee	0.30	Director	$630	$0	$630
Jim Ferden	Trustee	0.30	Director	$420	$0	$420
Scott Steffes	Trustee	0.30	Director	$330	$0	$330
Amy Pocrnich	Trustee	0.30	Director	$0	$0	$0
Cory Johnson	Trustee	0.30	Director	$480	$0	$480
Walter Hautala left Aug 2024	Vice Chair	1.70	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
2025	$3,524,069	$818,290	$54,809,365	$2,705,779
2024	$4,168,197	$793,113	$52,825,052	$3,375,084
2023	$3,096,426	$903,563	$51,445,174	$2,192,863
2022	$10,766,782	$958,914	$51,484,016	$9,807,868
2021	$2,057,996	$914,838	$44,821,482	$1,143,158
2020	$1,870,512	$839,068	$46,679,238	$1,031,444
2019	$2,634,473	$708,502	$48,097,098	$1,925,971
2018	$2,263,425	$989,886	$48,897,805	$1,273,539

Minnesota School Boards Association Insurance Trust