MINNESOTA CREDIT UNION FOUNDATION (EIN 043740017) - 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

1969

Legal Domicile

Principal Officer

MARA HUMPHREY

Phone

6512885170

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA CREDIT UNION FOUNDATION, founded in 1969, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $462K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $201K, a strong 43% operating margin.

Mission

TO PROMOTE THE DEVELOPMENT OF CHALLENGED CREDIT UNIONS IN MINNESOTA & THEIR COMMUNITIES THROUGH ASSISTANCE AND EDUCATION, AND TO SUPPORT THE GREATER SOCIAL MISSION OF THE CREDIT UNION MOVEMENT.

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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 $449,933

Program Service Revenue $0

Investment Income $17,765

Other Revenue $-5,502

TOTAL REVENUE $462,196

Expense Breakdown

Grants Paid $192,984

Salaries & Benefits $0

Fundraising Expenses $2,671

Program Expenses $244,192

Other Expenses $68,210

TOTAL EXPENSES $261,194

Year-over-Year Comparison

	2023	2022	Change
Revenue	$462,196	$607,518	-0.2%
Expenses	$261,194	$261,731	0.0%
Net Income	$201,002	$345,787	-0.4%

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

$287,464

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK CUMMINS	PRESIDENT	0.50		$0	$19,637	$332,423
MARA HUMPHREY	PRESIDENT	0.50	Officer	$0	$8,240	$287,464
CAITLIN BRAMA	DIRECTOR	0.50	Director	$0	$0	$0
GLEN DURBAHN	DIRECTOR	0.50	Director	$0	$0	$0
DOUG HALLSTROM	DIRECTOR	0.50	Director	$0	$0	$0
MARY MATHESON	DIRECTOR	0.50	Director	$0	$0	$0
SUE PALEN	DIRECTOR	0.50	Director	$0	$0	$0
TRINA HOFF	SECRETARY/TR	0.50	Officer	$0	$0	$0
DOUG RALSTON	CHAIR	0.50	Officer	$0	$0	$0
KAYLA REIFFENBERGER	VICE CHAIR	0.50	Officer	$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	No data	No data	No data	No data
2023	$462,196	$261,194	$1,069,745	$201,002
2022	$607,518	$261,731	$878,020	$345,787
2021	$425,621	$163,083	$524,177	$262,538
2020	$211,586	$221,268	$267,809	$-9,682
2019	$259,866	$243,813	$272,971	$16,053
2018	$282,960	$209,266	$274,073	$73,694

MINNESOTA CREDIT UNION FOUNDATION