GREATER MANKATO DIVERSITY COUNCIL

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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

2006

Legal Domicile

Phone

5073856652

Tax Period

2020-07-01 to 2021-06-30

GREATER MANKATO DIVERSITY COUNCIL, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $268K in total revenue in fiscal year 2020. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $46K, a strong 17% operating margin.

Mission

OUR MISSION IS TO PROVIDE DIVERSITY EDUCATION AS A CATALYST FOR SOCIAL AND ECONOMIC SUCCESS. GMDC STRIVES TO GIVE PEOPLE AN UNDERSTANDING OF DIVERSITY AND BUILD THEIR CULTURAL COMPETENCE THROUGH PROMOTING RESPECT WORKSHOPS, MULTI-CULTURAL ACTIVITIES, AND DIVERSITY EVENTS.

Program Service Accomplishments

Program 1

Expenses: $52,438 Revenue: $49,000

PROMOTING RESPECT WORKSHOPSPROMOTING RESPECT WORKSHOP (PRW) IS GMDC'S FLAGSHIP PROGRAM WHICH STARTED IN MARCH 2005 WITH SESSIONS IN EACH CLASSROOM IN GRADES 7-9 IN THE MANKATO AREA SCHOOLS. WE NOW...

PROMOTING RESPECT WORKSHOPSPROMOTING RESPECT WORKSHOP (PRW) IS GMDC'S FLAGSHIP PROGRAM WHICH STARTED IN MARCH 2005 WITH SESSIONS IN EACH CLASSROOM IN GRADES 7-9 IN THE MANKATO AREA SCHOOLS. WE NOW SERVE K-12 CLASSROOMS IN MANKATO AND VARIOUS OUTLYING COMMUNITIES.THESE RESEARCHED AND EVALUATED WORKSHOPS REFLECT OUR REGIONAL CHARACTER AND UNIQUENESS AND HELPS STUDENTS UNDERSTAND, APPRECIATE, AND EMBRACE EACH OTHER'S UNIQUENESS. THE CENTRAL THEME IN OUR PROMOTING RESPECT WORKSHOPS IS "RESPECT FOR ALL REGARDLESS OF DIFFERENCES".

Program 2

Expenses: $51,160 Revenue: $47,957

DIVERSITY TRAININGGMDC PROVIDES DIVERSITY AWARENESS AND PREJUDICE REDUCTION TRAINING FOR STAFF OF AREA ORGANIZATIONS THROUGH ITS OWN DEVELOPED CURRICULUM. THE CURRICULUM IS A MULTI-FACETED...

DIVERSITY TRAININGGMDC PROVIDES DIVERSITY AWARENESS AND PREJUDICE REDUCTION TRAINING FOR STAFF OF AREA ORGANIZATIONS THROUGH ITS OWN DEVELOPED CURRICULUM. THE CURRICULUM IS A MULTI-FACETED, INTERCHANGEABLE DIVERSITY TRAINING MODULE THAT EFFECTIVELY ADDRESSES EACH INDIVIDUAL BUSINESS' DIVERSITY NEEDS. MUTUAL RESPECT AND CIVILITY IS AN INTEGRAL PART OF THE WORKPLACE. DIVERSITY TRAINING PROVIDED BY GMDC IS CUSTOMIZED TO THE NEEDS OF THE ORGANIZATION. INFORMATION IS GATHERED FOR ANY AREA OF CONCERN OR WHERE THE ORGANIZATION IS BEING DILIGENT TO PREVENT DISCRIMINATION AND HARASSMENT. THE ORGANIZATION'S STAFF IS INTERVIEWED TO CREATE A PLAN FOR THE TRAINING TO INCLUDE TESTED CURRICULUM ELEMENTS.

Program 3

Expenses: $35,900 Revenue: $18,400

OTHER PROGRAM SERVICESGMDC FACILITATES AND PARTNERS WITH OTHER COMMUNITY ORGANIZATIONS WITH EVENTS IN VARIOUS COMMUNITIES TO PROMOTE DIVERSITY AND INCLUSION. ORGANIZED EVENTS INCLUDE MULTI-YEAR...

OTHER PROGRAM SERVICESGMDC FACILITATES AND PARTNERS WITH OTHER COMMUNITY ORGANIZATIONS WITH EVENTS IN VARIOUS COMMUNITIES TO PROMOTE DIVERSITY AND INCLUSION. ORGANIZED EVENTS INCLUDE MULTI-YEAR "WRITE ON RACE" TO BRING COMMUNITY MEMBERS TOGETHER TO DISCUSS DIVERSITY ISSUES, ANNUAL MLK CELEBRATION, AND "JUNETEENTH" CELEBRATION TO COMMEMORATE THE END OF SLAVERY.

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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 (2020)

Revenue Breakdown

Contributions & Grants $129,119

Program Service Revenue $139,357

Investment Income $21

Other Revenue $0

TOTAL REVENUE $268,497

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,940

Fundraising Expenses $23,590

Program Expenses $163,798

Other Expenses $76,515

TOTAL EXPENSES $222,455

Year-over-Year Comparison

	2020	2019	Change
Revenue	$268,497	$204,531	+0.3%
Expenses	$222,455	$195,206	+0.1%
Net Income	$46,042	$9,325	+3.9%

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

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
COLLEEN LANDKAMER	Director	0.50	Director	$0	$0	$0
KAREN FOREMAN	Director	0.50	Director	$0	$0	$0
JEAN HAAR	Director	0.50	Director	$0	$0	$0
KINGSLEY IHEASIRIM	Director	0.50	Director	$0	$0	$0
JODI THOMAS	Director	0.50	Director	$0	$0	$0
ADAM BEMMELS	Director	0.50	Director	$0	$0	$0
AUDRA BOYER	Director	0.50	Director	$0	$0	$0
WAYNE TERRY	Director	0.50	Director	$0	$0	$0
KELLEY HAEDER	Director	0.50	Director	$0	$0	$0
THOMAS FLUNKER	President	0.50	Officer	$0	$0	$0
JENI KOLSTAD	Vice President	0.50	Officer	$0	$0	$0
GUADALUPE QUINTERO	Treasurer	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
2021	$268,497	$222,455	$71,050	$46,042
2020	$204,531	$195,206	$23,268	$9,325
2019	$219,299	$230,429	$25,096	$-11,130
2018	$221,393	$205,709	$35,903	$15,684