CHAMBERHEALTH CONSORTIUM OF MINNESOTA (EIN 882488917) - 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

2023

Legal Domicile

Principal Officer

ANNETTE KOJETIN

Phone

6512924650

Tax Period

2024-01-01 to 2024-12-31

CHAMBERHEALTH CONSORTIUM OF MINNESOTA, founded in 2023, is a community nonprofit in the Mutual Benefit sector that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 140% from the prior year, signaling strong growth momentum.

Mission

PROVIDE GROUP HEALTH INSURANCE TO COMPANIES DOMICILED IN MINNESOTA THAT ARE MEMBERS OF THE MINNESOTA CHAMBER OF COMMERCE THROUGH AN ASSOCIATION HEALTH 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,711,187

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,711,187

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $25,426

TOTAL EXPENSES $3,683,958

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,711,187	$1,547,419	+1.4%
Expenses	$3,683,958	$1,547,446	+1.4%
Net Income	$27,229	$-27	-1009.5%

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

$615,639

Total Directors

$615,639

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN BJORK	BOARD MEMBER	0.00	Director	$0	$0	$0
DOUG LOON	TREASURER	1.00	Officer Director	$0	$28,916	$615,639
HEIDI LARSON	CHAIR	0.00	Officer Director	$0	$0	$0
JACK DAGGETT	BOARD MEMBER	0.00	Director	$0	$0	$0
TONY ALBRIGHT	BOARD MEMBER	0.00	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	$3,711,187	$3,683,958	$430,968	$27,229
2023	$1,547,419	$1,547,446	$259,089	$-27

CHAMBERHEALTH CONSORTIUM OF MINNESOTA