ALLETE AND AFFILIATED COMPANIES RETIREE HEALTH PLAN A (EIN 416367654) - 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

2187237559

Tax Period

2024-01-01 to 2024-12-31

ALLETE AND AFFILIATED COMPANIES RETIREE HEALTH PLAN A, founded in 1994, is a community nonprofit that reported $6.2M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 27% operating margin.

Mission

PAYS MEDICAL AND DENTAL CLAIMS ON BEHALF OF APPROXIMATELY 100 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $639,115

Investment Income $5,597,234

Other Revenue $0

TOTAL REVENUE $6,236,349

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,548,211

Other Expenses $2,143,262

TOTAL EXPENSES $4,548,211

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,236,349	$4,631,090	+0.3%
Expenses	$4,548,211	$5,390,723	-0.2%
Net Income	$1,688,138	$-759,633	-3.2%

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

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
TARA ANDERSON	DIRECTOR	0.00	Director	$0	$0	$0
ANDY KIENITZ	DIRECTOR	0.00	Director	$0	$0	$0
JASON MCDONALD	DIRECTOR	0.00	Director	$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	0.01		$11,850	$0	$11,850

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	$6,236,349	$4,548,211	$53,391,330	$1,688,138
2023	$4,631,090	$5,390,723	$56,555,933	$-759,633
2022	$4,570,416	$6,037,520	$59,221,775	$-1,467,104
2021	$7,036,282	$5,297,357	$60,688,880	$1,738,925
2020	$5,399,298	$6,891,815	$58,949,955	$-1,492,517

ALLETE AND AFFILIATED COMPANIES RETIREE HEALTH PLAN A