MDU RESOURCES GROUP INC RETIREE BENEFIT TRUST

EIN: 450436215

BISMARCK, ND

Total Revenue
$6,157,428
Total Expenses
$3,170,370
Total Assets
$79,250,214
Net Assets
$79,234,598
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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
ND
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

MDU RESOURCES GROUP, INC. RETIREE HEALTH AND WELFARE BENEFITS PROGRAM - PROVIDE PAYMENT FOR VARIOUS HEALTH AND WELFARE CLAIMS AND PREMIUMS FOR RETIRED EMPLOYEES OF CERTAIN SUBSIDIARIES AND DIVISIONS OF MDU RESOURCES GROUP, INC

Program Service Accomplishments

Program 1
Expenses: $3,170,370 Revenue: $6,157,428

MDU Resources Group, Inc. Retiree Health and Welfare Benefits Program - Provide payment for various health and welfare claims and premiums for retired employees of certain subsidiaries and divisions...

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MDU Resources Group, Inc. Retiree Health and Welfare Benefits Program - 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%)

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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

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Governance

Voting Members
7
Independent Members
7
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
0
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jason Vollmer Director 0.0
Director
$0 $0 $0
Stephanie Seivert Director 0.0
Director
$0 $0 $0
Nancy Christenson Director (through 5/31/2023) 0.0
Director
$0 $0 $0
Julie Gerving Director 0.0
Director
$0 $0 $0
Anne Jones Director 0.0
Director
$0 $0 $0
Tom Nosbusch Director 0.0
Director
$0 $0 $0
Garret Senger Director 0.0
Director
$0 $0 $0
Principal Trust Company Trustee 0.0
$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
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