MDU RESOURCES GROUP INC RETIREE BENEFIT TRUST (EIN 450436215) - 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

1993

Legal Domicile

Principal Officer

Jason L Vollmer

Phone

7015301000

Tax Period

2023-01-01 to 2023-12-31

MDU RESOURCES GROUP INC RETIREE BENEFIT TRUST, founded in 1993, is a community nonprofit that reported $6.2M in total revenue in fiscal year 2023. The organization ran a surplus of $3.0M, a strong 49% operating margin.

Mission

Provide payment for various health and welfare claims and premiums for retired employees of certain subsidiaries and divisions of MDU Resources Group, Inc.

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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 $321,136

Investment Income $185,788

Other Revenue $5,650,504

TOTAL REVENUE $6,157,428

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,170,370

Other Expenses $209,791

TOTAL EXPENSES $3,170,370

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,157,428	$-20,499,747	-1.3%
Expenses	$3,170,370	$3,159,432	+0.0%
Net Income	$2,987,058	$-23,659,179	-1.1%

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

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	Role	Reportable Comp	Other Comp	Total
Jason Vollmer	Director	Director	$0	$0	$0
Stephanie Seivert	Director	Director	$0	$0	$0
Nancy Christenson	Director (through 5/31/2023)	Director	$0	$0	$0
Julie Gerving	Director	Director	$0	$0	$0
Anne Jones	Director	Director	$0	$0	$0
Tom Nosbusch	Director	Director	$0	$0	$0
Garret Senger	Director	Director	$0	$0	$0
Principal Trust Company	Trustee		$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
2024	No data	No data	No data	No data
2023	$6,157,428	$3,170,370	$79,250,214	$2,987,058
2022	$-20,499,747	$3,159,432	$76,272,511	$-23,659,179
2021	$1,819,433	$3,149,570	$99,921,333	$-1,330,137
2020	$10,747,630	$3,556,375	$101,236,856	$7,191,255

MDU RESOURCES GROUP INC RETIREE BENEFIT TRUST