PRIOR LAKE-SAVAGE AREA SCHOOLS VEBA TRUST (EIN 474942124) - 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

2015

Legal Domicile

Principal Officer

TAMMY FREDRICKSON

Phone

9522260000

Tax Period

2023-07-01 to 2024-06-30

PRIOR LAKE-SAVAGE AREA SCHOOLS VEBA TRUST, founded in 2015, is a small nonprofit in the Mutual Benefit sector that reported $931K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $613K, a strong 66% operating margin.

Mission

VOLUNTARY EMPLOYEESAPOS BENEFICIARY ASSOCIATION. THE TRUST WAS FORMED FOR THE SOLE PURPOSE OF FUNDING RETIREE HEALTH CARE BENEFITS TO ELIGIBLE PLAN PARTICIPANTS.

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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 $857,166

Investment Income $70,655

Other Revenue $3,588

TOTAL REVENUE $931,409

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $34,272

Other Expenses $284,181

TOTAL EXPENSES $318,453

Year-over-Year Comparison

	2023	2022	Change
Revenue	$931,409	$829,955	+0.1%
Expenses	$318,453	$206,676	+0.5%
Net Income	$612,956	$623,279	0.0%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMMY FREDRICKSON	EXEC DIRECTOR OF BUS SERVICES	N/A		$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
2025	No data	No data	No data	No data
2024	$931,409	$318,453	$4,689,073	$612,956
2023	$829,955	$206,676	$4,076,116	$623,279
2022	$756,531	$173,064	$3,452,836	$583,467
2021	$697,713	$107,451	$2,869,370	$590,262

PRIOR LAKE-SAVAGE AREA SCHOOLS VEBA TRUST