GRINNELL COLLEGE MEDICAL BENEFIT PLAN TRUST (EIN 421371997) - 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

1991

Legal Domicile

Principal Officer

GERMAINE GROSS

Phone

6412699700

Tax Period

2024-07-01 to 2025-06-30

GRINNELL COLLEGE MEDICAL BENEFIT PLAN TRUST, founded in 1991, is a mid-sized nonprofit that reported $14.9M in total revenue in fiscal year 2024. Revenue surged 181% from the prior year, signaling strong growth momentum. Expenses of $13.2M left a modest 11% surplus.

Mission

PROVIDES GROUP HEALTH INSURANCE FOR ELIGIBLE EMPLOYEES OF GRINNELL COLLEGE.

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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 $14,832,811

Investment Income $49,085

Other Revenue $0

TOTAL REVENUE $14,881,896

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,798,410

TOTAL EXPENSES $13,184,400

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,881,896	$5,293,098	+1.8%
Expenses	$13,184,400	$14,223,760	-0.1%
Net Income	$1,697,496	$-8,930,662	-1.2%

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

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

$2,189,284

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE HARRIS	TRUSTEE	1.00	Director	$0	$144,559	$827,800
GERMAINE GROSS	TRUSTEE	1.00	Director	$0	$55,321	$532,684
BERONDA MONTGOMERY	TRUSTEE	1.00	Director	$0	$51,822	$369,347
NANCY COMBS	FORMER TRUSTEE	1.00	Director	$0	$31,926	$240,746
ELANE MARZLUFF	FORMER TRUSTEE	1.00	Director	$0	$30,328	$218,707

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	$14,881,896	$13,184,400	$4,322,634	$1,697,496
2024	$5,293,098	$14,223,760	$2,623,743	$-8,930,662
2023	$11,654,708	$11,230,082	$11,550,675	$424,626
2022	$10,252,534	$10,301,542	$11,125,580	$-49,008
2021	$9,791,771	$9,598,998	$11,174,588	$192,773
2020	$9,889,502	$9,077,713	$10,981,815	$811,789
2019	$9,179,626	$7,971,041	$10,311,124	$1,208,585
2018	$8,656,449	$8,078,996	$8,852,886	$577,453

GRINNELL COLLEGE MEDICAL BENEFIT PLAN TRUST