MINNESOTA REAL ESTATE FOUNDATION (EIN 020702439) - 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

2003

Legal Domicile

Principal Officer

STEVEN JOUL

Phone

3202534380

Tax Period

2023-07-01 to 2024-06-30

MINNESOTA REAL ESTATE FOUNDATION, founded in 2003, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $5K in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4K, a strong 86% operating margin.

Mission

BUILD COMMUNITY BY FACILITATING GIFTING OF REAL ESTATE

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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 $0

Investment Income $0

Other Revenue $5,051

TOTAL REVENUE $5,051

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $710

TOTAL EXPENSES $710

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,051	$3,188	+0.6%
Expenses	$710	$631	+0.1%
Net Income	$4,341	$2,557	+0.7%

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

$257,476

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEIGH LENZMEIER	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN ZIMNY	VICE-CHAIR	0.50	Officer Director	$0	$0	$0
DAVID WERSCHAY	CHAIR	0.50	Officer Director	$0	$0	$0
STEVE PETERSON	EX-OFFICIO CG BOARD CHAIR	0.50	Director	$0	$0	$0
JAMES RINGWALD	EX-OFFICIO CG TREASURER	0.50	Director	$0	$0	$0
SCOTT HAMAK	DIRECTOR	0.50	Director	$0	$0	$0
STEVEN JOUL	PRESIDENT & CEO	1.00	Officer	$0	$21,553	$257,476
GRETA STARK-KRAKER	CMCF EXECUTIVE DIRECTOR	1.00	Highest	$0	$12,105	$140,712
ELISE WIENER	CG CHIEF FINANCIAL OFFICER	1.00	Highest	$0	$12,425	$159,290
SARA CARLSON	WACF EXECUTIVE DIRECTOR	1.00	Highest	$0	$47,552	$172,197

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
2025	No data	No data	No data	No data
2024	$5,051	$710	$625,430	$4,341
2023	$3,188	$631	$601,672	$2,557
2022	$4,498	$623	$615,813	$3,875
2021	$4,438	$16,971	$714,578	$-12,533
2020	$4,388	$1,158	$680,448	$3,230
2019	$4,513	$757	$703,812	$3,756

MINNESOTA REAL ESTATE FOUNDATION