CITY OF COON RAPIDS HRA TRUST

EIN: 656469654 Mutual Benefit

Coon Rapids, MN

Total Revenue
$89,000
Total Expenses
$103,355
Total Assets
$292,024
Net Assets
$292,024
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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
2007
Legal Domicile
MN
Principal Officer
BPAS
Phone
7637676450
Tax Period
2023-01-01 to 2023-12-31

CITY OF COON RAPIDS HRA TRUST, founded in 2007, is a micro nonprofit in the Mutual Benefit sector that reported $89K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $103K exceeded revenue, resulting in a 16% operating deficit.

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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $87,670
Investment Income $1,330
Other Revenue $0
TOTAL REVENUE $89,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $99,381
Other Expenses $3,974
TOTAL EXPENSES $103,355

Year-over-Year Comparison

2023 2022 Change
Revenue $89,000 $97,233 -0.1%
Expenses $103,355 $80,165 +0.3%
Net Income $-14,355 $17,068 -1.8%
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 No data No data No data No data
2023 $89,000 $103,355 $292,024 $-14,355
2019 $118,916 $110,124 $321,780 $8,792
2018 $111,608 $108,740 $312,816 $2,868
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