MINNESOTA ASSOCIATION OF LETTER CARRIERS (EIN 237114822) - 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

1889

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA ASSOCIATION OF LETTER CARRIERS, founded in 1889, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $86K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $103K exceeded revenue, resulting in a 20% operating deficit.

Mission

PROVIDE EDUCATION AND TRAINING - ADDRESS WORKING CONDITIONS AND ISSUES FOR MEMBERS

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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 $13,448

Program Service Revenue $68,783

Investment Income $403

Other Revenue $3,240

TOTAL REVENUE $85,874

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,689

Fundraising Expenses $0

Program Expenses $103,286

Other Expenses $64,597

TOTAL EXPENSES $103,286

Year-over-Year Comparison

	2023	2022	Change
Revenue	$85,874	$67,513	+0.3%
Expenses	$103,286	$86,343	+0.2%
Net Income	$-17,412	$-18,830	-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

N/A

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

$22,978

Total Directors

$7,167

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PERRY SCHMIDT	PRESIDENT	3.00	Officer	$7,661	$0	$7,661
ERIC MARQUARDT	TREASURER	4.00	Officer	$6,446	$0	$6,446
CHRISTA ABRAHAM	SECRETARY	1.00	Officer	$6,280	$0	$6,280
CONNIE BEISSEL	PAST EXEC BOARD MEMBER	2.00	Director	$2,620	$0	$2,620
CHARLES GLOVER	PAST EDITOR	2.00	Officer	$2,517	$0	$2,517
EDUARDO SILVA	EXEC BOARD MEMBER	2.00	Director	$1,374	$0	$1,374
WILLIAM WESSINGER	DIRECTOR OF RETIREES	2.00	Director	$791	$0	$791
JONATHAN GARCIA	EXEC BOARD MEMBER	0.00	Director	$617	$0	$617
NICHOLAS TIEMANN	EXEC BOARD MEMBER	0.00	Director	$601	$0	$601
DAVID ZIMNEY	EXEC BOARD MEMBER	2.00	Director	$517	$0	$517
PAUL ROUE	PAST VICE PRESIDENT	2.00	Director	$462	$0	$462
ERIN BLAZEVIC	VICE PRESIDENT	2.00	Director	$185	$0	$185
ROBERT PETERSBURG	EDITOR	2.00	Officer	$74	$0	$74

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	$85,874	$103,286	$29,439	$-17,412
2022	$67,513	$86,343	$57,336	$-18,830
2021	$56,712	$64,449	$68,076	$-7,737
2020	$60,440	$44,075	$73,133	$16,365

MINNESOTA ASSOCIATION OF LETTER CARRIERS