MINNESOTA ASSOCIATION OF COUNTY OFFICERS (EIN 203623375) - 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

1998

Legal Domicile

Principal Officer

SHARON BUDIN

Phone

6512930953

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA ASSOCIATION OF COUNTY OFFICERS, founded in 1998, is a small nonprofit that reported $359K in total revenue in fiscal year 2023. Expenses of $397K exceeded revenue, resulting in a 11% operating deficit.

Mission

OPERATING AS A TRADE ASSOCIATION FOR COUNTY OFFICERS.

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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 $356,030

Investment Income $2,554

Other Revenue $0

TOTAL REVENUE $358,584

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,171

Fundraising Expenses $0

Program Expenses $244,317

Other Expenses $393,198

TOTAL EXPENSES $397,369

Year-over-Year Comparison

	2023	2022	Change
Revenue	$358,584	$359,750	0.0%
Expenses	$397,369	$319,650	+0.2%
Net Income	$-38,785	$40,100	-2.0%

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

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

$3,924

Total Directors

$3,924

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIRK PEYSAR	TREASURER	5.00	Officer Director	$3,000	$0	$3,000
RITA LODERMEIER	SECOND VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
SHARON BUDIN	PAST PRESIDENT	5.00	Officer Director	$0	$0	$0
DEBORAH ERICKSON	PRESIDENT	5.00	Officer Director	$924	$0	$924
SAM MELBY	DIRECTOR	3.00	Director	$0	$0	$0
LINDSAY FRANK	DIRECTOR	3.00	Director	$0	$0	$0
DONNA TORKELSON	DIRECTOR	3.00	Director	$0	$0	$0
VICKI DOEHLING	DIRECTOR	3.00	Director	$0	$0	$0
DENISE GAIDA	DIRECTOR	3.00	Director	$0	$0	$0
JULIE HANSON	DIRECTOR	3.00	Director	$0	$0	$0
SARAH GREEN	DIRECTOR	3.00	Director	$0	$0	$0
MARTIE MONSRUD	MACATFO REP	3.00	Director	$0	$0	$0
MICHAEL STALBERGER	DIRECTOR	3.00	Director	$0	$0	$0
KAREN LONG	MCRA REP	3.00	Director	$0	$0	$0
BRIAN J ANDERSON	DIRECTOR	3.00	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	$358,584	$397,369	$657,656	$-38,785
2022	$359,750	$319,650	$696,441	$40,100
2021	$320,488	$219,107	$656,341	$101,381
2020	$387,908	$406,646	$554,960	$-18,738
2019	$456,747	$379,924	$573,698	$76,823
2018	$320,342	$384,354	$496,875	$-64,012

MINNESOTA ASSOCIATION OF COUNTY OFFICERS