MINDS MATTER NATIONAL INC (EIN 133688434) - 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

1991

Legal Domicile

Principal Officer

ERIKA HALSTEAD

Phone

2126266534

Tax Period

2024-07-01 to 2025-06-30

MINDS MATTER NATIONAL INC, founded in 1991, is a community nonprofit in the Youth Development sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum.

Mission

MINDS MATTER CONNECTS DRIVEN AND DETERMINED STUDENTS FROM LOW-INCOME FAMILIES WITH THE PEOPLE, PREPARATION AND POSSIBILITIES TO SUCCEED IN COLLEGE, CREATE THEIR FUTURE, AND CHANGE THE WORLD.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,027,939

Program Service Revenue $233,839

Investment Income $86,795

Other Revenue $0

TOTAL REVENUE $1,348,573

Expense Breakdown

Grants Paid $150,000

Salaries & Benefits $875,477

Fundraising Expenses $211,573

Program Expenses $672,711

Other Expenses $416,397

TOTAL EXPENSES $1,441,874

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,348,573	$906,147	+0.5%
Expenses	$1,441,874	$1,013,525	+0.4%
Net Income	$-93,301	$-107,378	-0.1%

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

Volunteers

2000

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

$233,520

Total Directors

$233,520

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT ASHTON	CHAIR	2.00	Officer Director	$0	$0	$0
FRANCISCO PARET	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DEB MCGINN	TREASURER	5.00	Officer Director	$0	$0	$0
ADAKU NWACHUKWU	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL RECHT	DIRECTOR	1.00	Director	$0	$0	$0
PETER AGNES	DIRECTOR	1.00	Director	$0	$0	$0
ELVIS RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE GIRTON	DIRECTOR	1.00	Director	$0	$0	$0
AVI FERNANDES	DIRECTOR	1.00	Director	$0	$0	$0
JEAN HUANG	DIRECTOR	1.00	Director	$0	$0	$0
RAM VITTAL	DIRECTOR	1.00	Director	$0	$0	$0
LORA DENNIS	DIRECTOR (JOINED 10/24)	1.00	Director	$0	$0	$0
MINHAJ PATEL	DIRECTOR	1.00	Director	$0	$0	$0
BOB ALIG	DIRECTOR (LEFT 6/30/25)	1.00	Director	$0	$0	$0
PHIL TAYLOR	DIRECTOR (LEFT 12/24)	1.00	Director	$0	$0	$0
ASHISH SHAH	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN ERIKA HALSTEAD	EXECUTIVE DIRECTOR	40.00	Officer Director	$215,322	$18,198	$233,520
COLIN DELANEY	CHIEF DEVELOPMENT OFFICER	40.00	Highest	$149,353	$22,032	$171,385

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	$1,348,573	$1,441,874	$1,941,119	$-93,301
2024	$906,147	$1,013,525	$2,028,589	$-107,378
2023	$1,731,761	$780,077	$2,170,913	$951,684
2022	$889,668	$497,435	$1,182,634	$392,233
2021	$731,854	$334,660	$791,646	$397,194
2020	$448,160	$326,246	$424,768	$121,914
2019	$482,889	$354,884	$275,283	$128,005
2018	$581,565	$590,803	$138,341	$-9,238

MINDS MATTER NATIONAL INC