MAHASKA COUNTY EMPLOYEE HEALTH PLAN

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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

1886

Legal Domicile

Principal Officer

Jody Groenendyk

Phone

6416737148

Tax Period

2023-07-01 to 2024-06-30

MAHASKA COUNTY EMPLOYEE HEALTH PLAN, founded in 1886, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $533K, a strong 21% operating margin.

Mission

To provide coverage of medical expenses and health insurance for employees of Mahaska County Ia

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

Collection of funds from the employer-sponsor of the health plan for an average of 120 employees per month and the disbursements of those funds for life insurance medical claims and other health...

Collection of funds from the employer-sponsor of the health plan for an average of 120 employees per month and the disbursements of those funds for life insurance medical claims and other health related expenses.

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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 $2,478,093

Investment Income $13,439

Other Revenue $0

TOTAL REVENUE $2,491,532

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $0

TOTAL EXPENSES $1,958,959

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,491,532	$2,714,637	-0.1%
Expenses	$1,958,959	$2,389,173	-0.2%
Net Income	$532,573	$325,464	+0.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Mahaska County Auditor	0.00	Officer	$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	No data	No data	No data	No data
2024	$2,491,532	$1,958,959	$1,997,317	$532,573
2023	$2,425,498	$1,545,039	$862,923	$880,459
2022	$3,110,615	$2,813,587	$1,062,296	$297,028
2021	$2,442,573	$2,094,212	$765,268	$348,361