SERVCO-AER Employees Health and Welfare Benefit Trust (EIN 806038158) - 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

2007

Legal Domicile

Principal Officer

Robert Durian

Phone

6084580577

Tax Period

2023-01-01 to 2023-12-31

SERVCO-AER Employees Health and Welfare Benefit Trust, founded in 2007, is a community nonprofit in the Mutual Benefit sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 120% from the prior year, signaling strong growth momentum. Expenses of $3.4M exceeded revenue, resulting in a 76% operating deficit.

Mission

Provide health care benefits for the retired employees of Alliant Energy Corporate Services, Inc., Alliant Energy Resources, LLC., and Cedar Rapids and Iowa City Railway Company

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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 $1,872,508

Investment Income $45,312

Other Revenue $-3,813

TOTAL REVENUE $1,914,007

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,369,072

Other Expenses $143,087

TOTAL EXPENSES $3,370,072

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,914,007	$869,788	+1.2%
Expenses	$3,370,072	$2,426,194	+0.4%
Net Income	$-1,456,065	$-1,556,406	-0.1%

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
Principle Custody Solutions	Trustee	0.0		$3,050	$0	$3,050

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	$1,914,007	$3,370,072	$360,121	$-1,456,065
2022	$869,788	$2,426,194	$1,816,186	$-1,556,406
2021	$2,384,758	$3,237,142	$3,372,592	$-852,384
2020	$1,156,995	$2,770,441	$5,652,262	$-1,613,446

SERVCO-AER Employees Health and Welfare Benefit Trust