St Peter, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
To provide for its members and their employees and officials various forms of insurance. (Continued on Schedule O)To provide for its members and their employees and officials various forms of insurance, including any forms of permitted group insurance, for the benefit of school districts which are members of the MSBA and to effectuate cost savings in the procurement and administration of such insurance programs.
The Minnesota School Boards Association Insurance Trust (MSBAIT) is a joint-powers organization that was formed by the Minnesota School Boards Association (MSBA) to provide pooled self-insurance and...
The Minnesota School Boards Association Insurance Trust (MSBAIT) is a joint-powers organization that was formed by the Minnesota School Boards Association (MSBA) to provide pooled self-insurance and endorsed programs to member schools. MSBAIT self-insurance programs are in abeyance and the organization will continue to adjudicate claims for policies previously underwritten, but will no longer underwrite any new policies.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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