North Dakota Public Health Insurance Trust

EIN: 851481944 Mutual Benefit

Fargo, ND

Total Revenue
$48,540,601
Total Expenses
$48,099,555
Total Assets
$9,931,378
Net Assets
$4,986,734
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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
2020
Legal Domicile
ND
Principal Officer
Genny Dienstmann
Phone
7019972437
Tax Period
2023-01-01 to 2023-12-31

North Dakota Public Health Insurance Trust, founded in 2020, is a mid-sized nonprofit in the Mutual Benefit sector that reported $48.5M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

None

Program Service Accomplishments

Program 1

North Dakota Public Health Insurance Trust began operations to provide health insurance to ND Public entities. Its participating employers are ND cities, counties, municipalities, and school...

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North Dakota Public Health Insurance Trust began operations to provide health insurance to ND Public entities. Its participating employers are ND cities, counties, municipalities, and school districts. The trust had 119 member groups and just over 7,900 employees and dependents receiving health benefits as of December 31, 2023.

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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 $48,035,423
Investment Income $330,051
Other Revenue $175,127
TOTAL REVENUE $48,540,601

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $4,535,902
TOTAL EXPENSES $48,099,555

Year-over-Year Comparison

2023 2022 Change
Revenue $48,540,601 $38,422,872 +0.3%
Expenses $48,099,555 $37,643,145 +0.3%
Net Income $441,046 $779,727 -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
9
Independent Members
N/A
Employees
N/A
Volunteers
9

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
2
$439,701
Total Directors
10
$1,758,993
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brennan Quintus Trustee 0.50
Director
$0 $38,251 $335,779
Genny Dienstmann Chairperson 0.50
Officer Director
$0 $39,559 $196,453
Lisa Guenther Trustee 0.50
Director
$0 $0 $101,601
Sonya Larson Trustee 0.50
Director
$0 $24,312 $86,312
Dr Steve Holen Trustee 0.50
Director
$0 $27,751 $224,722
Dr Mike McNeff Trustee 0.50
Director
$0 $24,441 $177,191
Kevin Beaudoin Trustee (from July 2023) 0.50
Director
$0 $39,467 $153,220
Steve Hall Trustee (through June 2023) 0.50
Director
$0 $33,079 $190,891
Cole Higlin Trustee 0.50
Director
$0 $30,949 $133,591
Dr Chris Larson Trustee 0.50
Director
$0 $30,516 $159,233
Nora Frueh Treasurer 0.50
Officer
$0 $37,276 $243,248
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 $48,540,601 $48,099,555 $9,931,378 $441,046
2021 $23,814,205 $21,104,279 $5,854,121 $2,709,926
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