HEALTHCARE HUMAN RESOURCES ASSOCIATION OF MINNESOTA INC (EIN 200443132) - 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

2005

Legal Domicile

Phone

2625322440

Tax Period

2023-01-01 to 2023-12-31

HEALTHCARE HUMAN RESOURCES ASSOCIATION OF MINNESOTA INC, founded in 2005, is a micro nonprofit in the Community Improvement sector that reported $85K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $106K exceeded revenue, resulting in a 25% operating deficit.

Mission

HEALTHCARE HUMAN RESOURCES ASSOCIATION OF MINNESOTA INC (HHRAM) IS THE MINNESOTACHAPTER OF THE AMERICAN SOCIETY OF HEALTHCARE HUMAN RESOURCES ANDMINSTRATION. HHRAM'S VISION AND PURPOSE IS TO SUPPORT THE HEALTHCARE PROFESSIONAL MEMBERS THRU ADVOCACY, INNOVATION, COLABORATION, PARTNERSHIP, EDUCATION AND NETWORKING.

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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 $14,519

Program Service Revenue $69,960

Investment Income $652

Other Revenue $0

TOTAL REVENUE $85,131

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $81,917

Other Expenses $106,243

TOTAL EXPENSES $106,243

Year-over-Year Comparison

	2023	2022	Change
Revenue	$85,131	$66,803	+0.3%
Expenses	$106,243	$78,207	+0.4%
Net Income	$-21,112	$-11,404	+0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD ENGSTROM	Director	2.00	Director	$0	$0	$0
SHANNON DEMGEN	Director	2.00	Director	$0	$0	$0
LAURIE DANIELS	Director	2.00	Director	$0	$0	$0
ROSANNE HEJHAL	Director	2.00	Director	$0	$0	$0
PAULA WOKASH	Director	2.00	Director	$0	$0	$0
LISA SMUDE	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
BRIANNE PTACEK	Director	2.00	Director	$0	$0	$0
BLAKE MARTIN	Director	2.00	Director	$0	$0	$0
JESSICA FRANK	Director	2.00	Director	$0	$0	$0
NICOLE NYBERG	Director	2.00	Director	$0	$0	$0
HEIDI POWELL	Director	2.00	Director	$0	$0	$0
MARY HOFFMAN	Director	2.00	Director	$0	$0	$0
DAVE MADEL	Director	2.00	Director	$0	$0	$0
LOIS SLICK	President	5.00	Officer	$0	$0	$0
CHRISTINA DRAPER	Secretary	2.00	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	$85,131	$106,243	$105,614	$-21,112
2022	$66,803	$78,207	$125,755	$-11,404
2021	$40,826	$45,032	$138,469	$-4,206
2020	$15,886	$15,365	$144,093	$521
2019	$87,852	$100,454	$133,898	$-12,602
2018	$96,508	$70,534	$147,030	$25,974

HEALTHCARE HUMAN RESOURCES ASSOCIATION OF MINNESOTA INC