MINNESOTA STROKE ASSOCIATION

EIN: 271261232 501(c)(3) Health Care

ROSEVILLE, MN

Total Revenue
$344,768
Total Expenses
$511,465
Total Assets
$612,353
Net Assets
$565,290
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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
MN
Phone
6123782742
Tax Period
2023-01-01 to 2023-12-31

MINNESOTA STROKE ASSOCIATION, founded in 2009, is a small nonprofit in the Health Care sector that reported $345K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $511K exceeded revenue, resulting in a 48% operating deficit.

Mission

The Mission of the Minnesota Stroke Association is to raise awareness about stroke and to enhance the quality of life for all people coping with its sudden and long term effects.

Program Service Accomplishments

Program 1
Expenses: $121,228 Revenue: $234,810

CARE COORDINATION PROVIDES ONGOING SUPPORT TO QUALIFYING INDIVIDUALS ON MEDICAL ASSISTANCE. (239 SERVED)

Program 2
Expenses: $120,508 Revenue: $0

THIS PROGRAM OFFERS ON-GOING SUPPORT FOR PERSONS WITH STROKE AND THEIR FAMILY MEMBERS, AND OFFERS RESOURCES AND REFERRALS TO APPROPRIATE SERVICES. THE PROGRAM IS INTENDED TO AID WITH THE TRANSITION...

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THIS PROGRAM OFFERS ON-GOING SUPPORT FOR PERSONS WITH STROKE AND THEIR FAMILY MEMBERS, AND OFFERS RESOURCES AND REFERRALS TO APPROPRIATE SERVICES. THE PROGRAM IS INTENDED TO AID WITH THE TRANSITION FROM HOSPITAL BACK TO HOME, WORK, SCHOOL, AND THE COMMUNITY. (900 SERVED)

Program 3
Expenses: $84,643 Revenue: $0

PUBLIC AWARENESS PROGRAM IS COMMITTED TO PRODUCING A CLEAR, UNIFIED MESSAGE TO HELP CULTIVATE A DEEPER UNDERSTANDING OF BRAIN INJURY. THIS IS ACHIEVED THROUGH WRITTEN MATERIALS ON THE WEBSITE, PRINT...

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PUBLIC AWARENESS PROGRAM IS COMMITTED TO PRODUCING A CLEAR, UNIFIED MESSAGE TO HELP CULTIVATE A DEEPER UNDERSTANDING OF BRAIN INJURY. THIS IS ACHIEVED THROUGH WRITTEN MATERIALS ON THE WEBSITE, PRINT AND EMAIL, NEWSLETTERS, BROCHURES, PUBLIC AWARENESS EVENTS, MEDIA RELATIONS AND BY BUILDING COMMUNITY COLLABORATIONS. (OVER 100,000 SERVED)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $42,725
Program Service Revenue $285,195
Investment Income $2,342
Other Revenue $14,506
TOTAL REVENUE $344,768

Expense Breakdown

Grants Paid $0
Salaries & Benefits $397,724
Fundraising Expenses $53,525
Program Expenses $431,165
Other Expenses $113,741
TOTAL EXPENSES $511,465

Year-over-Year Comparison

2023 2022 Change
Revenue $344,768 $382,625 -0.1%
Expenses $511,465 $476,650 +0.1%
Net Income $-166,697 $-94,025 +0.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
15

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
$403,381
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A BOARD CHAIR 1.0
Officer Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A CHIEF OPERATING OFFICER 40.0
Officer
$0 $17,244 $161,962
N/A CHIEF EXECUTIVE OFFICER 40.0
Officer
$0 $19,733 $241,419
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 No data No data No data No data
2024 No data No data No data No data
2023 $344,768 $511,465 $612,353 $-166,697
2022 $382,625 $476,650 $762,170 $-94,025
2021 $467,504 $511,257 $875,055 $-43,753
2020 $849,647 $834,228 $968,262 $15,419
2019 $884,957 $1,030,893 $937,708 $-145,936
2018 $1,296,815 $1,203,151 $1,157,131 $93,664
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