North Dakota Public Health Insurance Trust (EIN 851481944) - 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

2020

Legal Domicile

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

Provide welfare benefits to ND public agencies exempt from taxation under IRC Section 115(1).

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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 $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

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

$439,701

Total Directors

$1,758,993

Key Employees

Highest Compensated

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

North Dakota Public Health Insurance Trust