Minnesota Association of Professio… - Form 990 Financial Data

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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

2003

Legal Domicile

Principal Officer

Angela Halseth

Phone

6512276457

Tax Period

2024-01-01 to 2024-12-31

Minnesota Association of Professional Emplyees Building Corporation, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $337K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $435K exceeded revenue, resulting in a 29% operating deficit.

Mission

To own and operate a building to house the offices and meeting rooms of M.A.P.E. related entity and provide meeting space for M.A.P.E. locals.

Program Service Accomplishments

Program 1

The MAPE Building Corporation cared for and maintained the property it owns. It continued to collect rent from its major related party tenant Minnesota Assciation of Professional Employees -...

The MAPE Building Corporation cared for and maintained the property it owns. It continued to collect rent from its major related party tenant Minnesota Assciation of Professional Employees - 41-1386652 who occupies floors 2 and 3. During 2024 the Bldg Corp also leased 1st floor space to another labor organization. The Organization also continued to maintain the building and perform necessary updates. This work is done by a Board of Directors that provides oversight and direction to the MAPE related party staff.

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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 $0

Program Service Revenue $256,700

Investment Income $2,434

Other Revenue $77,586

TOTAL REVENUE $336,720

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $435,253

TOTAL EXPENSES $435,253

Year-over-Year Comparison

	2024	2023	Change
Revenue	$336,720	$235,833	+0.4%
Expenses	$435,253	$268,928	+0.6%
Net Income	$-98,533	$-33,095	+2.0%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$167,827

Total Directors

$396,631

Key Employees

$356,536

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Todd Maki	MAPE Chief of Staff	002.00	Key Emp	$0	$40,089	$194,058
Suzanne Al-Kayali	MAPE Operations Director	000.04	Key Emp	$0	$36,257	$162,478
Megan Dayton	MAPE President	000.04	Director	$0	$0	$111,013
Angela Halseth	Bldg Corp President	002.00	Officer Director	$0	$0	$95,699
Chester Jorgenson	Bldg Corp VP	001.00	Officer Director	$0	$0	$42,134
Kay Pedretti	Dir Region 20	000.04	Director	$0	$0	$16,170
Ann Adkisson	Secretary / Dir Region 14	001.00	Officer Director	$0	$0	$13,922
Bryan Kotta	Treasurer / Dir Region 15	002.00	Officer Director	$0	$0	$13,083
Ted Snaza	Dir Region 4	000.04	Director	$0	$0	$10,510
Darren Hage	Dir Region 16	000.04	Director	$0	$0	$10,078
Sheila Malec	Dir Region 2	000.04	Director	$0	$0	$9,071
Amy Mueller	MAPE Secretary	000.04	Director	$0	$0	$7,643
Carrie Klumb	Dir Region 9	000.04	Director	$0	$0	$7,339
Nate Hierfmaier	Dir Region 6	000.04	Director	$0	$0	$7,299
David Clanaugh	Dir Region 17	000.04	Director	$0	$0	$7,298
Tim Beske	Dir Region 18	000.04	Director	$0	$0	$6,008
Mark Snyder	Dir Region 3	000.04	Director	$0	$0	$5,987
Sheenah Jewison	Dir Region 19	000.04	Director	$0	$0	$5,452
Jackie Blagsveldt	Dir Region 10	001.00	Director	$0	$0	$4,924
Vanessa Vogl	Dir Region 21	000.04	Director	$0	$0	$4,847
Claudia Hochstein	Dir Region 1	000.04	Director	$0	$0	$4,463
Jessica Raptis	Dir Region 11	000.04	Director	$0	$0	$3,679
Michael Prideaux	Dir Region 5	000.04	Director	$0	$0	$3,403
Andrew Trcka	Dir Region 8	000.04	Officer Director	$0	$0	$2,989
Suzanne Willodson	Dir Region 12	000.04	Director	$0	$0	$2,136
Michael Crider	Dir Region 13	000.04	Director	$0	$0	$1,484
Emily Bolles	Dir Region 7	000.04	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	$336,720	$435,253	$1,498,568	$-98,533
2023	$235,833	$268,928	$1,600,865	$-33,095
2022	$222,378	$269,559	$1,629,290	$-47,181
2021	$215,017	$263,393	$1,679,151	$-48,376
2020	$211,015	$241,050	$1,723,813	$-30,035
2019	$206,911	$268,031	$1,755,517	$-61,120

Minnesota Association of Professional Emplyees Building Corporation