ARDEN HILLS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MINNESOTA GERONTOLOGICAL SOCIETY, founded in 1976, is a micro nonprofit in the Social Science sector that reported $93K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $136K exceeded revenue, resulting in a 46% operating deficit.
THE MINNESOTA GERONTOLOGICAL SOCIETY IS THE LEADING INTERDISCIPLINARY, MEMBERSHIP-BASED ORGANIZATION SUPPORTING EDUCATION, RESEARCH AND PRACTICE IN THE FIELD OF AGING.
MGS HELD IT'S 47TH CONSECUTIVE ANNUAL CONFERENCE. THE TWO-DAY IN-PERSON CONFERENCE TOOK PLACE MARCH 20-21ST. WITH A VIRTUAL PRE-CONFERENCE ON MARCH 17TH, AND WAS THEMED "BETTER TOGETHER." ATTENDEES...
MGS HELD IT'S 47TH CONSECUTIVE ANNUAL CONFERENCE. THE TWO-DAY IN-PERSON CONFERENCE TOOK PLACE MARCH 20-21ST. WITH A VIRTUAL PRE-CONFERENCE ON MARCH 17TH, AND WAS THEMED "BETTER TOGETHER." ATTENDEES FROM ACROSS MINNESOTA REPRESENTED PRACTITIONERS IN AGING SERVICES, LONG-TERM CARE, RESEARCH, HIGHER EDUCATION, HEALTH CARE, HEALTH AND HUMAN SERVICES, AND HIGHER EDUCATION STUDENTS.
MGS HELD 10 MONTHLY WEBINARS IN 2023 WITH AVERAGE ATTENDANCE OF 150 PEOPLE. PRESENTATIONS INCLUDED SENIOR NUTRITION, LABOR MARKET ANALYSIS RELATED TO AGING, ETHICS IN HEALTH CARE ACCESS, VALUING THE...
MGS HELD 10 MONTHLY WEBINARS IN 2023 WITH AVERAGE ATTENDANCE OF 150 PEOPLE. PRESENTATIONS INCLUDED SENIOR NUTRITION, LABOR MARKET ANALYSIS RELATED TO AGING, ETHICS IN HEALTH CARE ACCESS, VALUING THE CAREGIVER, PREPARING FOR HOLIDAY TRADITIONS, DISCUSSIONS OF WHAT MATTERS TO PEOPLE AS THEY AGED, COMMUNITY BASED APPROACHES, SENSORY CHANGES, NEW APPROACHES TO AGING.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $93,441 | $119,595 | -0.2% |
| Expenses | $136,243 | $124,041 | +0.1% |
| Net Income | $-42,802 | $-4,446 | +8.6% |
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 |
|---|---|---|---|---|---|---|
| HEIDI HOLSTE | CO-EXEC DIRE | 10.00 |
Officer
|
$36,742 | $0 | $36,742 |
| GEORGIA AFTON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JANE BRINK | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MEGHAN COLEMAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHARISSA EATON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBBIN FRAZIER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PHYLLIS GREENBERG | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KRISTEN GLAROS HANSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SUE HUMPHERS-GINTHER | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BOB KOEHLER | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROBERTA MEYERS | PRESIDENT | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| TANYA RAND | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CATHERINE SULLIVAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LORI VROLSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $93,441 | $136,243 | $219,591 | $-42,802 |
| 2022 | $119,595 | $124,041 | $261,242 | $-4,446 |
| 2021 | $134,845 | $115,201 | $290,409 | $19,644 |
| 2020 | $97,797 | $89,955 | $248,290 | $7,842 |
Compare MINNESOTA GERONTOLOGICAL SOCIETY with other nonprofits in Minnesota and across the country.