IPAVA STATE BANK GROUP MEDICAL HEALTH PLAN (EIN 846724119) - 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

2019

Legal Domicile

Phone

3096473288

Tax Period

2023-01-01 to 2023-12-31

IPAVA STATE BANK GROUP MEDICAL HEALTH PLAN, founded in 2019, is a small nonprofit in the Mutual Benefit sector that reported $426K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $107K, a strong 25% operating margin.

Mission

THE PURPOSE OF THE IPAVA STATE BANK GROUP MEDICAL HEALTH PLAN IS TO PROVIDE WELFARE BENEFITS FOR THOSE EMPLOYEES OF IPAVA STATE BANK AND THEIR ELIGIBLE DEPENDENTS COVERED BY THE PLAN.

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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 $569,183

Investment Income $-143,591

Other Revenue $0

TOTAL REVENUE $425,592

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $63,668

TOTAL EXPENSES $318,335

Year-over-Year Comparison

	2023	2022	Change
Revenue	$425,592	$744,049	-0.4%
Expenses	$318,335	$366,633	-0.1%
Net Income	$107,257	$377,416	-0.7%

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
IPAVA STATE BANK	Trustee	0.00		$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$425,592	$318,335	$1,861,198	$107,257
2022	$744,049	$366,633	$1,448,426	$377,416
2021	$1,077,654	$372,292	$1,640,071	$705,362
2020	$870,950	$426,644	$1,064,112	$444,306
2019	$709,226	$270,701	$446,003	$438,525

IPAVA STATE BANK GROUP MEDICAL HEALTH PLAN