CUAD Health Benefits Trust (EIN 823520467) - 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

2018

Legal Domicile

Principal Officer

Bob Herrington

Phone

7012503926

Tax Period

2024-01-01 to 2024-12-31

CUAD Health Benefits Trust, founded in 2018, is a mid-sized nonprofit in the Mutual Benefit sector that reported $11.5M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.2M, a strong 19% operating margin.

Mission

To provide health, dental, and vision benefits to employees of participating employers.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $11,344,182

Investment Income $116,011

Other Revenue $0

TOTAL REVENUE $11,460,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,974,211

TOTAL EXPENSES $9,237,066

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,460,193	$14,813,794	-0.2%
Expenses	$9,237,066	$13,607,601	-0.3%
Net Income	$2,223,127	$1,206,193	+0.8%

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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

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
Jeff Olson	Chairperson	0.10	Officer Director	$0	$0	$0
Jim Schaefbauer	Secretarty (from Dec)/Trustee	0.10	Officer Director	$0	$0	$0
Bob Herrington	Vice Chair/Trustee	0.10	Officer Director	$0	$0	$0
Justin Maddison	Trustee	0.10	Director	$0	$0	$0
Harold Hagen	Trustee	0.10	Director	$0	$0	$0
Jeff Schmidt	SD Trustee (See Sch O Exp)	0.10	Director	$0	$0	$0
Holly Jones	SD Trustee (See Sch O Exp)	0.10	Director	$0	$0	$0
Keith Robbennolt - SD	Trustee (See Sch O Exp)(thru Apr)	0.10	Director	$0	$0	$0
Floyd Rummel III	SD Trustee (See Sch O Exp)	0.10	Director	$0	$0	$0
Brenda Schmidt	SD Trustee (See Sch O Exp)	0.10	Director	$0	$0	$0
Tanya Hobson	SD Trustee (See Sch O Exp)	0.10	Director	$0	$0	$0
Ryan Goehner	SD Trustee (See Sch O Exp)	0.10	Director	$0	$0	$0
Carrie Van Orman - SD	Trustee (See Sch O Exp)(from Jun)	0.10	Director	$0	$0	$0
Dorothy Vorhees	SD Trustee (See Sch O Exp)	0.10	Director	$0	$0	$0
Jeff Meyer	SD Trustee (See Sch O Exp)	0.10	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	$11,460,193	$9,237,066	$7,806,020	$2,223,127
2023	$14,813,794	$13,607,601	$5,598,020	$1,206,193
2022	$14,609,979	$13,671,954	$4,405,126	$938,025
2021	$11,419,816	$10,408,701	$3,708,893	$1,011,115
2020	$6,270,472	$5,442,566	$2,705,795	$827,906
2019	$6,316,701	$5,990,896	$1,291,567	$325,805
2018	$5,499,600	$5,206,238	$595,103	$293,362

CUAD Health Benefits Trust