MINNESOTA COMMERCIAL RAILWAY BENEFIT TRUST

EIN: 456172341 Mutual Benefit

ST PAUL, MN

Total Revenue
$2,205,244
Total Expenses
$2,180,729
Total Assets
$137,418
Net Assets
$137,418
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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
2011
Legal Domicile
MN
Principal Officer
MICHAEL E LEBAKKEN
Phone
6516329010
Tax Period
2024-01-01 to 2024-12-31

MINNESOTA COMMERCIAL RAILWAY BENEFIT TRUST, founded in 2011, is a community nonprofit in the Mutual Benefit sector that reported $2.2M in total revenue in fiscal year 2024.

Mission

THE TRUST WAS ESTABLISHED TO PROVIDE MEDICAL, SICKNESS, ACCIDENT AND SIMILAR BENEFITS TO ELIGIBLE EMPLOYEES AND DEPENDENTS OF THE SPONSOR EMPLOYER AT A REDUCED COST OF ADMIN AND EXPERIENCE RATING.

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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 $2,182,882
Investment Income $22,362
Other Revenue $0
TOTAL REVENUE $2,205,244

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $9,184
TOTAL EXPENSES $2,180,729

Year-over-Year Comparison

2024 2023 Change
Revenue $2,205,244 $2,126,780 +0.0%
Expenses $2,180,729 $2,283,565 0.0%
Net Income $24,515 $-156,785 -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

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Governance

Voting Members
2
Independent Members
N/A
Employees
N/A
Volunteers
2

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
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL E LEBAKKEN TRUSTEE 1.00
Director
$0 $0 $0
WAYNE HALL TRUSTEE 1.00
Director
$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 $2,205,244 $2,180,729 $137,418 $24,515
2023 $2,126,780 $2,283,565 $478,108 $-156,785
2022 $2,049,917 $2,212,195 $269,688 $-162,278
2021 $2,296,828 $2,371,433 $431,966 $-74,605
2020 $2,007,542 $1,990,607 $506,571 $16,935
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