NORTHEAST METRO 916 VEBA HEALTH SAVINGS TRUST

EIN: 454502942 Mutual Benefit

White Bear Lake, MN

Total Revenue
$677,608
Total Expenses
$671,963
Total Assets
$2,494,712
Net Assets
$2,494,712
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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
2012
Legal Domicile
MN
Principal Officer
Hand Benefit Trust Co
Phone
6514155500
Tax Period
2024-01-01 to 2024-12-31

NORTHEAST METRO 916 VEBA HEALTH SAVINGS TRUST, founded in 2012, is a small nonprofit in the Mutual Benefit sector that reported $678K in total revenue in fiscal year 2024. Net assets of $2.5M represent 44 months of operating reserves.

Mission

A voluntary employees' beneficiary association (VEBA)to fund reimbursement of eligible medical expenses under a health reimbursement arrangement

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $653,723
Investment Income $23,885
Other Revenue $0
TOTAL REVENUE $677,608

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $656,430
Other Expenses $15,533
TOTAL EXPENSES $671,963

Year-over-Year Comparison

2024 2023 Change
Revenue $677,608 $686,995 0.0%
Expenses $671,963 $671,121 +0.0%
Net Income $5,645 $15,874 -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

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Governance

Voting Members
1
Independent Members
1
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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Hand Benefit Trust Co Trustee 1.0
$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 $677,608 $671,963 $2,494,712 $5,645
2023 $686,995 $671,121 $2,413,591 $15,874
2022 $633,355 $636,529 $2,326,484 $-3,174
2021 $674,318 $520,010 $2,317,487 $154,308
2020 $667,636 $449,907 $2,102,027 $217,729
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