ST PAUL, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MINNESOTA ASSOCIATION OF FINANCIAL AID ADMINISTRATORS, founded in 1967, is a micro nonprofit in the Education sector that reported $88K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. The organization ran a surplus of $19K, a strong 21% operating margin.
MAFAA'S MISSION IS TO PROVIDE TRAINING, RESEARCH, EXPERTISE AND ADVOCACY IN SUPPORT OF THE TIMELY, ACCURATE AND ETHICAL DELIVERY OF FINANCIAL AID FUNDS TO MINNESOTA STUDENTS. IN PURSUIT OF THIS MISSION, MAFAA'S FOCUS IS COLLEGIAL IN APPROACH, INCLUSIVE IN PRACTICE, INTENTIONAL IN ACTION AND STUDENT-FOCUSED IN INTENT, DEALING WITH DIVISIVE ISSUES BEFORE THEY ARE USED TO DIVIDE US AND SEEKING SOLUTIONS THAT ARE INCLUSIVE OF ALL PROVIDERS OF HIGHER EDUCATION IN MINNESOTA. GOALS ARE TO SUPPORT AND PROVIDE QUALITY TRAINING OPPORTUNITIES TO MEMBERS AND RELATED CONSTITUENCIES, EFFECTIVELY COMMUNICATE WITH CONSTITUENTS, PROMOTE THE VALUE OF HIGHER EDUCATION AND THE NEED FOR ADEQUATE STUDENT FINANCIAL AID FUNDING, SERVE AS RESEARCH AND INFORMATION RESOURCE TO MAFAA MEMBERS, STUDENTS AND POLICY MAKERS, REINFORCE THE ROLE AND IMPORTANCE OF IMPACT THAT FINANCIAL AID PROFESSIONALS PLAY IN HIGHER EDUCATION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $88,462 | $110,507 | -0.2% |
| Expenses | $69,813 | $101,228 | -0.3% |
| Net Income | $18,649 | $9,279 | +1.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LARRY BLOOM | U OF M SECTO | 1.00 |
Director
|
$0 | $0 | $0 |
| AMANDA CANTU | PAST PRESIDE | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| TRACY DRECHSLER | ASSOC MEMB S | 1.00 |
Director
|
$0 | $0 | $0 |
| MONICA EHALT | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| PAM ENGEBRETSON | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DANIELLE HAYDEN | NON-PROFT SE | 1.00 |
Director
|
$0 | $0 | $0 |
| BRYNN JURANEK | VICE PRESIDE | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| SHELBY KETCHMARK | FOR-PROFT SE | 1.00 |
Director
|
$0 | $0 | $0 |
| JESUS HERNANDEZ MEIJA | PRESIDENT EL | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| RACHEL SHERLOCK | STATE UNIVER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRITTANY TWEED | TREASURER EL | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JENNIFER WILLIAMS | 2YR PUBLC SE | 1.00 |
Director
|
$0 | $0 | $0 |
| SERENA WILLIAMS | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $88,462 | $69,813 | $435,199 | $18,649 |
| 2023 | $110,507 | $101,228 | $416,550 | $9,279 |
| 2023 | $72,414 | $70,995 | $416,550 | $1,419 |
| 2022 | $55,248 | $61,368 | $424,071 | $-6,120 |
| 2021 | $58,046 | $71,337 | $492,219 | $-13,291 |
| 2018 | $76,697 | $95,479 | $497,545 | $-18,782 |
Compare MINNESOTA ASSOCIATION OF FINANCIAL AID ADMINISTRATORS with other nonprofits in Minnesota and across the country.