MINKA INC (EIN 352271717) - 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

2006

Legal Domicile

Principal Officer

CHRISTINE PASTOR

Tax Period

2021-01-01 to 2021-12-31

MINKA INC, founded in 2006, is a small nonprofit that reported $191K in total revenue in fiscal year 2021. Revenue decreased 14% compared to the prior year. Expenses of $215K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE REPRESENTATIVE PAYEE SERVICES FOR CLIENTS AND THEIR FAMILIES ACROSS MINNESOTA. MISSION IS TO PROVIDE COMPREHENSIVE FLEXIBLE FINANCIAL BUDGETS TAILORED TO FIT EACH PERSONS NEEDS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $191,012

Investment Income $0

Other Revenue $0

TOTAL REVENUE $191,012

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,892

Fundraising Expenses $0

Program Expenses $214,805

Other Expenses $97,913

TOTAL EXPENSES $214,805

Year-over-Year Comparison

	2021	2020	Change
Revenue	$191,012	$222,919	-0.1%
Expenses	$214,805	$238,465	-0.1%
Net Income	$-23,793	$-15,546	+0.5%

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

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

$84,180

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE PASTOR	PRESIDENT	40.00	Officer	$72,000	$0	$72,000
THERESA BULDOC	VICE PRESIDE	20.00	Officer	$12,180	$0	$12,180

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
2021	$191,012	$214,805	$3,980	$-23,793
2020	$222,919	$238,465	$2,645	$-15,546
2019	$219,072	$221,660	$908	$-2,588
2018	$211,915	$212,448	$2,581	$-533

MINKA INC