NDHA Health Benefits Trust (EIN 871254624) - 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

2021

Legal Domicile

Principal Officer

Tim Blasl

Phone

7012249732

Tax Period

2023-01-01 to 2023-12-31

NDHA Health Benefits Trust, founded in 2021, is a community nonprofit in the Mutual Benefit sector that reported $9.9M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $9.0M left a modest 10% surplus.

Mission

Provide health insurance to participating members.

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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 $9,905,568

Investment Income $27,176

Other Revenue $0

TOTAL REVENUE $9,932,744

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,745,197

TOTAL EXPENSES $8,969,096

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,932,744	$8,315,517	+0.2%
Expenses	$8,969,096	$8,319,567	+0.1%
Net Income	$963,648	$-4,050	-238.9%

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

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

$845,666

Total Directors

$855,127

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tim Blasl	President	4.00	Officer Director	$0	$64,671	$389,740
Erik Christenson	Vice Chair	4.00	Officer Director	$0	$44,032	$197,411
Derek Schaff	Secretary/Treasurer	4.00	Officer Director	$0	$25,828	$161,565
Rachel Ray	Trustee	4.00	Director	$0	$0	$0
Chelsey Tetrault	Trustee	4.00	Director	$0	$14,322	$106,411
Aaron Brennan	Trust Administrator	4.00	Officer	$0	$25,444	$96,950

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	$9,932,744	$8,969,096	$1,516,331	$963,648
2021	$3,280,240	$3,417,855	$255,079	$-137,615

NDHA Health Benefits Trust