SURPLUS LINES ASSOCIATION OF MN

EIN: 263613284 Community Improvement

MORA, MN

Total Revenue
$750,220
Total Expenses
$352,116
Total Assets
$2,770,435
Net Assets
$2,745,308
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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
JENNIFER LARSEN
Phone
3206794244
Tax Period
2025-01-01 to 2025-12-31

SURPLUS LINES ASSOCIATION OF MN, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $750K in total revenue in fiscal year 2025. The organization ran a surplus of $398K, a strong 53% operating margin.

Mission

TO EDUCATE, ASSIST AND ADVISE OVER 1,450 MEMBER SURPLUS LINES LICENSEES ON SURPLUS LINES INSURANCE PROCEDURES IN THE STATE OF MINNESOTA.

Program Service Accomplishments

Program 1

RECEIVE, STAMP AND RECORD ALL SURPLUS LINES INSURANCE TRANSACTIONS SUBJECT TO SURPLUS LINES TAX IN MINNESOTA. TO EDUCATE AND ASSIST MEMBERS ON PROPER USE OF THE SURPLUS LINES INSURANCE MARKETPLACE IN...

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RECEIVE, STAMP AND RECORD ALL SURPLUS LINES INSURANCE TRANSACTIONS SUBJECT TO SURPLUS LINES TAX IN MINNESOTA. TO EDUCATE AND ASSIST MEMBERS ON PROPER USE OF THE SURPLUS LINES INSURANCE MARKETPLACE IN MINNESOTA AND TO REPORT ALL SURPLUS LINES INSURANCE TRANSACTIONS RECORDED TO THE MINNESOTA DEPARTMENTS OF COMMERCE AND REVENUE.

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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 $684,568
Investment Income $65,652
Other Revenue $0
TOTAL REVENUE $750,220

Expense Breakdown

Grants Paid $60,000
Salaries & Benefits $170,150
Fundraising Expenses $0
Other Expenses $121,966
TOTAL EXPENSES $352,116

Year-over-Year Comparison

2025 2024 Change
Revenue $750,220 $700,587 +0.1%
Expenses $352,116 $310,191 +0.1%
Net Income $398,104 $390,396 +0.0%
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

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Governance

Voting Members
7
Independent Members
5
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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICHOLAS SCHROEDER EXECUTIVE DI 40.00
Highest
$143,450 $0 $143,450
KEN COOKSEY DIRECTOR 2.00
Director
$0 $0 $0
JEFF KUHA DEPT REVENUE 2.00
Director
$0 $0 $0
CHRIS MARTIN DIRECTOR 2.00
Director
$0 $0 $0
KATHLEEN ORTH MN DEPARTMEN 2.00
Director
$0 $0 $0
JENNIFER LARSEN CHAIRPERSON 5.00
Officer
$0 $0 $0
TOM O'DONNELL VICE CHAIR 2.00
Officer
$0 $0 $0
AMY SANCHEZ SECRETARY/ T 5.00
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
2025 $750,220 $352,116 $2,770,435 $398,104
2024 $700,587 $310,191 $2,371,130 $390,396
2023 $532,749 $289,002 $1,981,113 $243,747
2022 $501,263 $228,958 $1,736,496 $272,305
2021 $348,169 $222,558 $1,463,778 $125,611
2020 $295,340 $221,685 $1,337,894 $73,655
2019 $266,830 $216,963 $1,265,438 $49,867
2018 $214,444 $229,592 $1,215,738 $-15,148
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