IND SCHOOL DIST 196 HEALTH REIMBURSEMENT

EIN: 943452953 Mutual Benefit

CLINTON, IA

Total Revenue
$410,018
Total Expenses
$400,968
Total Assets
$1,615,426
Net Assets
$1,615,426
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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
2008
Legal Domicile
SD
Principal Officer
PATRICIA REIMANN
Phone
7162456100
Tax Period
2024-01-01 to 2024-12-31

IND SCHOOL DIST 196 HEALTH REIMBURSEMENT, founded in 2008, is a small nonprofit in the Mutual Benefit sector that reported $410K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Net assets of $1.6M represent 47 months of operating reserves.

Mission

TO PROVIDE QUALIFIED HEALTH AND WELFARE BENEFITS THROUGH A HEALTH REIMBURSEMENT ARRANGEMENT (HRA).

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $329,446
Investment Income $80,572
Other Revenue $0
TOTAL REVENUE $410,018

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $14,942
TOTAL EXPENSES $400,968

Year-over-Year Comparison

2024 2023 Change
Revenue $410,018 $482,976 -0.2%
Expenses $400,968 $392,835 +0.0%
Net Income $9,050 $90,141 -0.9%
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

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Governance

Voting Members
1
Independent Members
1
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE 0.00
$0 $260 $260
N/A TRUSTEE 0.00
$0 $183 $183
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 $410,018 $400,968 $1,615,426 $9,050
2023 $482,976 $392,835 $1,587,888 $90,141
2022 $491,266 $345,891 $1,473,694 $145,375
2021 $459,418 $335,081 $1,367,581 $124,337
2020 $342,735 $296,225 $1,243,605 $46,510
2019 $384,093 $311,533 $1,188,046 $72,560
2018 $513,831 $337,814 $1,114,707 $176,017
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