MINNESOTA PSYCHOLOGICAL ASSOCIATION (EIN 237269832) - 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

1936

Legal Domicile

Principal Officer

AMBER SCHLETTY

Phone

9529287477

Tax Period

2024-01-01 to 2024-12-31

MINNESOTA PSYCHOLOGICAL ASSOCIATION, founded in 1936, is a small nonprofit that reported $316K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO SERVE THE SCIENCE OF PSYCHOLOGY AND ITS APPLICATIONS THROUGHOUT MINNESOTA SO THAT THE INTERESTS OF PUBLIC WELFARE AND PSYCHOLOGISTS ARE MUTUALLY ENHANCED.

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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 $25,500

Program Service Revenue $279,220

Investment Income $685

Other Revenue $10,297

TOTAL REVENUE $315,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $139,025

Other Expenses $340,617

TOTAL EXPENSES $340,617

Year-over-Year Comparison

	2024	2023	Change
Revenue	$315,702	$281,450	+0.1%
Expenses	$340,617	$276,888	+0.2%
Net Income	$-24,915	$4,562	-6.5%

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
MATTHEW SYZDEK	PRESIDENT	3.00	Officer Director	$0	$0	$0
G ZACHARIAH WHITE	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
SHARON STEIN MCNAMARA	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
KELLY NELSON	TREASURER	0.50	Officer Director	$0	$0	$0
THYRA FOSSUM	SECRETARY	0.50	Officer Director	$0	$0	$0
MICHAEL SHARLAND	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER HARRISON	DIRECTOR	0.50	Director	$0	$0	$0
JENNY WETTERSTEN	DIRECTOR	0.50	Director	$0	$0	$0
TOM ALLEN	DIRECTOR	0.50	Director	$0	$0	$0
AMANDA JANKE	DIRECTOR	0.50	Director	$0	$0	$0
TAMARIND KNUTSON	DIRECTOR	0.50	Director	$0	$0	$0
RACHELLE HANSEN	DIRECTOR	0.50	Director	$0	$0	$0
RENEE VON WEISS	DIRECTOR	0.50	Director	$0	$0	$0
SONAL MARKANDA	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN T RYDELL	DIRECTOR	0.50	Director	$0	$0	$0
STEVE GIRARDEAU	DIRECTOR	0.50	Director	$0	$0	$0
SHANNON GOECKE-WATSON	DIRECTOR	0.50	Director	$0	$0	$0
KAVITA DESAI DAKOJI	DIRECTOR	0.50	Director	$0	$0	$0
BROOKE PALMER	DIRECTOR	0.50	Director	$0	$0	$0
BLAIR HILDEBRANDT	DIRECTOR	0.50	Director	$0	$0	$0
MARCIA BENNETT	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTINA HANSEN COHEN	DIRECTOR	0.50	Director	$0	$0	$0
KRISTI ANDERSON	DIRECTOR	0.50	Director	$0	$0	$0
ASHLEY JUNGHANS-RUTELONIS	DIRECTOR	0.50	Director	$0	$0	$0
BRIE PILEGGI	DIRECTOR	0.50	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	$315,702	$340,617	$310,135	$-24,915
2023	$281,450	$276,888	$329,756	$4,562
2022	$321,204	$289,751	$328,989	$31,453
2021	$272,339	$241,332	$315,458	$31,007
2020	$244,320	$242,427	$271,226	$1,893
2019	$278,200	$275,869	$261,820	$2,331

MINNESOTA PSYCHOLOGICAL ASSOCIATION