Principal Trust for Medicare-Eligible Post-Retirement Medical Benefits (EIN 475094550) - 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

Mark Konrad

Phone

5152475111

Tax Period

2023-01-01 to 2023-12-31

Principal Trust for Medicare-Eligible Post-Retirement Medical Benefits, founded in 2015, is a community nonprofit in the Mutual Benefit sector that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 51% operating deficit.

Mission

Provide Health Benefits to Members

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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 $91,508

Investment Income $971,772

Other Revenue $0

TOTAL REVENUE $1,063,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,606,536

Other Expenses $199,210

TOTAL EXPENSES $1,606,536

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,063,280	$1,234,209	-0.1%
Expenses	$1,606,536	$2,051,658	-0.2%
Net Income	$-543,256	$-817,449	-0.3%

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

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
Dennis Menken	Investment Committee	1.00	Director	$0	$0	$0
Jack Bishop	Investment Committee	1.00	Director	$0	$0	$0
Staci Cunningham	Investment Committee	1.00	Director	$0	$0	$0
Kara Hoogensen	Investment Committee	1.00	Director	$0	$0	$0
Kenneth McCullum	Investment Committee	1.00	Director	$0	$0	$0
Joel Pitz	Investment Committee	1.00	Director	$0	$0	$0
Dwight Soethout	Investment Committee	1.00	Director	$0	$0	$0
Deanna Strable	Investment Committee	1.00	Director	$0	$0	$0
Janis Winterhof	Investment Committee	1.00	Director	$0	$0	$0
Lisa Coulson	Administration Committee	1.00	Director	$0	$0	$0
Joseph McCarty	Administration Committee	1.00	Director	$0	$0	$0
Shea Treadway	Administration Committee	1.00	Director	$0	$0	$0
Jon Couture	Administration Committee	1.00	Director	$0	$0	$0
Brian Ness	Administration Committee	1.00	Director	$0	$0	$0
Kevin Farley	Administration Committee	1.00	Director	$0	$0	$0
Gina Graham	Administration Committee	1.00	Director	$0	$0	$0
Lisa Coulson	Investment Committee	1.00		$0	$0	$0
Nathan Schelhaas	Administration Committee	1.00		$0	$0	$0
Andrew Dion	Administration Committee	1.00		$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	$1,063,280	$1,606,536	$25,670,959	$-543,256
2022	$1,234,209	$2,051,658	$26,214,168	$-817,449
2021	$3,346,341	$2,343,862	$27,031,618	$1,002,479
2020	$2,152,847	$1,437,517	$26,029,140	$715,330
2020	$2,152,847	$1,437,517	$26,029,140	$715,330

Principal Trust for Medicare-Eligible Post-Retirement Medical Benefits