ALLETE AND AFFILIATED COMPANIES RETIREE HEALTH PLAN B (EIN 416367653) - 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

ANTHONY SAURO

Phone

2187233922

Tax Period

2023-01-01 to 2023-12-31

ALLETE AND AFFILIATED COMPANIES RETIREE HEALTH PLAN B, founded in 1994, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 38% operating margin.

Mission

PAYS MEDICAL AND DENTAL CLAIMS ON BEHALF OF APPROXIMATELY 575 RETIREES, THEIR DEPENDENTS, AND SURVIVING SPOUSES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,134,101

Investment Income $4,182,255

Other Revenue $0

TOTAL REVENUE $5,316,356

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,314,665

Other Expenses $173,106

TOTAL EXPENSES $3,314,665

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,316,356	$3,494,775	+0.5%
Expenses	$3,314,665	$3,746,451	-0.1%
Net Income	$2,001,691	$-251,676	-9.0%

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

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
DON KOZLOVSKI	DIRECTOR	0.00	Director	$0	$0	$0
LAURA KROLLMAN	DIRECTOR	0.00	Director	$0	$0	$0
JOSH SKELTON	DIRECTOR	0.00	Director	$0	$0	$0
RANDY LILJEGREN	DIRECTOR	0.00	Director	$0	$0	$0
KAREN BECICKA	DIRECTOR	0.00	Director	$0	$0	$0
CHLOE STRAND	DIRECTOR	0.00	Director	$0	$0	$0
WILL KEYES	DIRECTOR	0.00	Director	$0	$0	$0
KEVIN FLAHERTY	DIRECTOR	0.00	Director	$0	$0	$0
STANLEY GREER	DIRECTOR	0.00	Director	$0	$0	$0
JEWELEON TUOMINEN	DIRECTOR	0.00	Director	$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	0.01		$10,759	$0	$10,759

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
2024	No data	No data	No data	No data
2023	$5,316,356	$3,314,665	$59,697,626	$2,001,691
2022	$3,494,775	$3,746,451	$59,602,235	$-251,676
2021	$6,441,638	$3,460,991	$59,853,912	$2,980,647
2020	$5,027,732	$3,824,430	$56,873,265	$1,203,302

ALLETE AND AFFILIATED COMPANIES RETIREE HEALTH PLAN B