2024-11-25T08:38:16-06:00 2024-05-31 390758449 WIPFLI LLP 105 E PINE ST UPPER FLOOR MISSOULA MT 59802 990 2023-07-01 261594598 MONTANA NONPROFIT ASSOCIATION GROUP BENEFITS TRUST MONT 4809484351 8701 E VISTA BONITA DR 200 SCOTTSDALE AZ 85255 MICHAEL J FITZGIBBONS SPECIAL DEPUTY LIQUIDATOR 4809484351 2024-11-18 1 1 SAM BRUNSON CPA P01696998 4067281800 2024-11-18 2023 2024-10-15 13:58:12Z X MICHAEL J FITZGIBBONS 8701 E VISTA BONITA DR 200 SCOTTSDALE AZ 85255 2673 0 X WWW.MNAGBT.COM X 2007 MT GROUP INSURANCE BENEFITS TRUST FOR MONTANA NONPROFIT ORGANIZATIONS. X 1 0 0 0 0 0 0 0 0 0 2052 2673 43129 0 45181 2673 0 0 0 0 0 0 0 0 0 -245942 89575 -245942 89575 291123 -86902 343286 0 436894 0 -93608 0 X GROUP INSURANCE BENEFITS TRUST FOR MONTANA NONPROFIT ORGANIZATIONS. 0 0 THE MONTANA NONPROFIT ASSOCIATION GROUP BENEFIT TRUST (MNAGBT) TRUSTEES MADE THE DECISION TO DISSOLVE THE TRUST, EFFECTIVE MAY 1, 2020 DUE TO THE IMPACT OF AN UNUSUAL NUMBER OF EXCEPTIONALLY HIGH DOLLAR CLAIMS.THE COMMISSIONER OF SECURITIES AND INSURANCE (CSI) CONSIDERED MNAGBT TO BE IN HAZARDOUS FINANCIAL CONDITION AND ORDERED ON JUNE 24, 2020, THAT MNAGBT BE PLACED UNDER SUPERVISION OF THE CSI PURSUANT TO ARM 6.6.5701 AND MONT. CODE ANN. 33-2-1321.THE MONTANA FIRST JUDICIAL DISTRICT COURT, LEWIS AND CLARK COUNTY ISSUED AN ORDER IN CIVIL ACTION NO. BDV-2020-1853 ON NOVEMBER 5, 2020 AUTHORIZING THE LIQUIDATION OF MNAGBT AND DIRECTING THE CSI, OFFICE OF THE MONTANA STATE AUDITOR, AS LIQUIDATOR, TO LIQUIDATE THE ASSETS OF THE MNAGBT. THE DISTRICT COURT ISSUED A NOTICE OF APPOINTMENT OF SPECIAL DEPUTY LIQUIDATOR UNDER CASE NO. BDV-2020-1853 ON NOVEMBER 10, 2020 WHEREBY MICHAEL J. FITZGIBBONS WAS APPOINTED AS SPECIAL DEPUTY LIQUIDATOR. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 X 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 X THE ORGANIZATION 4809484351 8701 E VISTA BONITA DR 200 SCOTTSDALE AZ 85255 X MICHAEL J FITZGIBBONS SPECIAL DEPUTY LIQUIDATOR 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 2673 2673 2673 0 0 2673 X 4250 79924 4743 3351 MISCELLANEOUS 1889 CHANGE IN RESERVES -4582 89575 343286 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 343286 0 19491 0 417403 0 436894 0 X -93608 0 -93608 0 343286 0 X -86902 180510 X 0 0 0 FITZGIBBONS AND COMPANY INC FITZGIBBONS AND COMPANY, INC. IS OWNED BY MICHAEL J FITZGIBBONS 90334 THE OFFICE OF THE MONTANA STATE AUDITOR, COMMISSIONER OF SECURITIES AND INSURANCE APPOINTED MICHAEL J FITZGIBBONS OF FITZGIBBONS AND COMPANY, INC., AS THE SPECIAL DEPUTY LIQUIDATOR FOR THE LIQUIDATION CASE OF THE MONTANA NONPROFIT ASSOCIATION GROUP BENEFIT TRUST. 0 SPECIAL DEPUTY LIQUIDATOR - POST CLOSING ADMINISTRATIVE EXPENSES - SEE PART III FOR DETAILS 2024-05-31 39135 COST FITZGIBBONS AND COMPANY INC 8701 E VISTA BONITA DR STE 200 SCOTTSDALE AZ 85255 S CORPORATION DISTRIBUTIONS PAID TO 47 CLASS 2 POLICYHOLDER CLAIMANTS PER COURT ORDER. 2024-05-31 248859 CASH VARIOUS CO FITZGIBBONS AND COMPANY INC 8701 E VISTA BONITA DR STE 200 SCOTTSDALE AZ 85255 VARIOUS 0 0 0 1 1 1 1 1 0 PART I, LINE 2E: PERSON(S) INVOLVED: MICHAEL J FITZGIBBONS (FITZGIBBONS AND COMPANY, INC.) PART I, LINE 2E: EXPLANATION OF INVOLVEMENT: MICHAEL J. FITZGIBBONS (FITZGIBBONS AND COMPANY, INC.) WAS APPOINTED AS SPECIAL DEPUTY LIQUIDATOR. FITZGIBBONS AND COMPANY, INC. IS COMPENSATED FOR THEIR SERVICES. FORM 990, SCHEDULE N, PART I, LINE 1: THE SPECIAL DEPUTY LIQUIDATOR WAS PAID FOR FINAL POST CLOSING ADMINISTRATIVE EXPENSES. FORM 990, PART VI, SECTION A, LINE 8A NO MEETINGS OF THE GOVERNING BODY HAVE BEEN HELD SINCE LIQUIDATION PROCEEDINGS BEGAN IN NOVEMBER 2020. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY WIPFLI, LLP STAFF WHO PRESENTED THE INFORMATION TO THE SPECIAL DEPUTY LIQUIDATOR OF MONTANA NONPROFIT ASSOCIATION GROUP BENEFIT TRUST. THE SPECIAL DEPUTY LIQUIDATOR APPROVED THE TAX FORM. FORM 990, PART VI, SECTION C, LINE 19 THE TRUST MAKES ALL GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS, AND TAX RETURNS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G SPECIAL DEPUTY LIQUIDATOR 72,717. FITZGIBBONS AND COMPANY, INC. - EXPENSE SHARING 7,207. FORM 990, PART XI, LINE 9: UNPAID LIABILITIES AFTER LIQUIDATION 180,510. FORM 990, PART VI, SECTION B, LINES 12 THROUGH 14: THE POLICIES OUTLINED IN QUESTIONS 12 THROUGH 14 OF PART VI, SECTION B ON THE FORM 990 ARE NOT APPLICABLE BECAUSE THE SPECIAL DEPUTY LIQUIDATOR IS SUBJECT TO SUPERVISION AND REVIEW BY THE DISTRICT COURT.