PRACTICAL REP PAYEE SERVICES INC

EIN: 262663153 501(c)(3) Human Services

Mayer, MN

Total Revenue
$198,204
Total Expenses
$196,383
Total Assets
$904,164
Net Assets
$37,628
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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
2008
Legal Domicile
MN
Principal Officer
Casey Skahhaug
Phone
9526572879
Tax Period
2025-01-01 to 2025-12-31

PRACTICAL REP PAYEE SERVICES INC, founded in 2008, is a small nonprofit in the Human Services sector that reported $198K in total revenue in fiscal year 2025. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

To provide representative payee services for individuals, and to ensure that the individual's personal care and well-being are provided for.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $198,204
Investment Income $0
Other Revenue $0
TOTAL REVENUE $198,204

Expense Breakdown

Grants Paid $0
Salaries & Benefits $175,769
Fundraising Expenses $0
Program Expenses $196,383
Other Expenses $20,614
TOTAL EXPENSES $196,383

Year-over-Year Comparison

2025 2024 Change
Revenue $198,204 $182,731 +0.1%
Expenses $196,383 $170,443 +0.2%
Net Income $1,821 $12,288 -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

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Governance

Voting Members
3
Independent Members
N/A
Employees
2
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
0
$0
Total Directors
3
$159,600
Key Employees
1
$152,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kristina Skahaug Vice President 32
Director Key Emp Highest
$152,000 $0 $152,000
Mona Morrisette Director 2
Director
$7,600 $0 $7,600
Casey Skahaug President 1
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
2025 $198,204 $196,383 $904,164 $1,821
2024 $182,731 $170,443 $959,159 $12,288
2023 $162,416 $163,929 $847,611 $-1,513
2022 $136,013 $141,493 $535,804 $-5,480
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