UTAH MEDICAL PRODUCTS INC EMPLOYEE BENEFIT PLAN AND TRUST

EIN: 742446648

MIDVALE, UT

Total Revenue
$1,585,527
Total Expenses
$1,580,966
Total Assets
$16,973
Net Assets
$16,973
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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
1986
Legal Domicile
UT
Principal Officer
BRIAN KOOPMAN
Phone
8015661200
Tax Period
2024-01-01 to 2024-12-31

UTAH MEDICAL PRODUCTS INC EMPLOYEE BENEFIT PLAN AND TRUST, founded in 1986, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS SUCH AS MEDICAL, DENTAL, AND VISION TO CURRENT EMPLOYEES OF UTAH MEDICAL PRODUCTS, INC. AND THEIR DEPENDENTS. SIMILAR BENEFITS ARE PROVIDED TO FORMER EMPLOYEES AND THEIR DEPENDENTS PER COBRA REGULATIONS.

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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 $1,585,527
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,585,527

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,580,966
Other Expenses $61,383
TOTAL EXPENSES $1,580,966

Year-over-Year Comparison

2024 2023 Change
Revenue $1,585,527 $1,262,633 +0.3%
Expenses $1,580,966 $1,255,106 +0.3%
Net Income $4,561 $7,527 -0.4%
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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN KOOPMAN Trustee 4.00
Officer Director
$0 $0 $0
RYAN USGAARD Trustee 0.00
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 $1,585,527 $1,580,966 $16,973 $4,561
2023 $1,262,633 $1,255,106 $12,412 $7,527
2019 $1,097,856 $1,098,564 $2,076 $-708
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