MINNESOTA CHAPTER OF THE NATIONAL ASSOCIATION OF CORPORATE DIRECTORS (EIN 043741178) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

MIRON MARCOTTE

Phone

6512951580

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA CHAPTER OF THE NATIONAL ASSOCIATION OF CORPORATE DIRECTORS, founded in 2002, is a small nonprofit in the Education sector that reported $343K in total revenue in fiscal year 2023. Revenue surged 531% from the prior year, signaling strong growth momentum. The organization ran a surplus of $163K, a strong 47% operating margin.

Mission

NACD INSPIRES TO A WORLD WHERE BUSINESSES ARE SUSTAINABLE, PROFITABLE AND TRUSTED. IT PROVIDES TOOLS, RESOURCES AND VOICE TO ADVANCE THIS VISION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $329,150

Program Service Revenue $13,675

Investment Income $86

Other Revenue $0

TOTAL REVENUE $342,911

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,000

Fundraising Expenses $0

Program Expenses $66,027

Other Expenses $125,095

TOTAL EXPENSES $180,095

Year-over-Year Comparison

	2023	2022	Change
Revenue	$342,911	$54,343	+5.3%
Expenses	$180,095	$104,411	+0.7%
Net Income	$162,816	$-50,068	-4.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$55,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHANNON LEMON	EXECUTIVE DIRECTOR	10.00	Officer	$55,000	$0	$55,000
MIRON MARCOTTE	CHAIR	1.00	Officer Director	$0	$0	$0
MELODIE ROSE	VICE CHAIR & PROGRAM CHAIR	1.00	Officer Director	$0	$0	$0
JAMES POWELL	TREASURER	1.00	Officer Director	$0	$0	$0
SARAH LYNN OQUIST	SECRETARY	1.00	Officer Director	$0	$0	$0
BARBARA BUTTS WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTY MORSE	DIRECTOR	1.00	Director	$0	$0	$0
DARA RUDICK	DIRECTOR	1.00	Director	$0	$0	$0
CHANDA SMITH BAKER	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$342,911	$180,095	$191,246	$162,816

MINNESOTA CHAPTER OF THE NATIONAL ASSOCIATION OF CORPORATE DIRECTORS