DAK-MINN BLOOD BANK

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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

1974

Legal Domicile

Principal Officer

MIKE ST ONGE

Phone

7017805433

Tax Period

2023-01-01 to 2023-12-31

DAK-MINN BLOOD BANK, founded in 1974, is a small nonprofit that reported $143K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $35K, a strong 25% operating margin.

Mission

TO PROVIDE AND MAINTAIN A SAFE AND ADEQUATE BLOOD SUPPLY FOR ALTRU HEALTH SYSTEM AND LOCAL HEALTH CARE FACILITIES SO THAT PATIENTS HAVE AVAILABLE APPROPRIATE BLOOD COMPONENTS.

Program Service Accomplishments

Program 1

Expenses: $107,997 Revenue: $140,435

THE ACQUISITION, PROCESSING AND DISTRIBUTION OF BLOOD AND BLOOD DERIVATIVES TO HEALTHCARE FACILITIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $200

Program Service Revenue $140,435

Investment Income $2,432

Other Revenue $0

TOTAL REVENUE $143,067

Expense Breakdown

Grants Paid $25,258

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $107,997

Other Expenses $82,739

TOTAL EXPENSES $107,997

Year-over-Year Comparison

	2023	2022	Change
Revenue	$143,067	$129,379	+0.1%
Expenses	$107,997	$122,125	-0.1%
Net Income	$35,070	$7,254	+3.8%

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

$105,443

Total Directors

$857,856

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE ST ONGE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOEL ARNASON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PHIL KRAEMER	TREASURER	1.00	Officer Director	$0	$0	$0
DALE NEPPEL	MEMBER	1.00	Director	$0	$0	$0
TONY SCHEET	MEMBER	1.00	Director	$0	$0	$0
SHAWN HORN THROUGH MARCH 2023	MEMBER	1.00	Director	$0	$0	$0
DOUG MUNKSI	MEMBER	1.00	Director	$0	$0	$0
MATT HENSON	MEMBER	1.00	Director	$0	$0	$0
VINCENT CHUNG	MEMBER	1.00	Director	$0	$0	$0
HEIDI JESS	MEMBER/ LAB DIRECTOR	1.00	Director	$0	$51,686	$620,420
HEATHER DENNISON	MEMBER/LAB MANAGER	1.00	Director	$0	$36,406	$131,993
KRISTINE ANDERSON	DONOR CENTER SUPERVISOR	20.00	Officer Director	$0	$7,341	$105,443

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	No data	No data	No data	No data
2023	$143,067	$107,997	$362,700	$35,070
2022	$129,379	$122,125	$327,560	$7,254
2021	$112,668	$84,904	$328,595	$27,764
2020	$77,936	$84,046	$267,652	$-6,110
2019	$97,736	$101,580	$302,135	$-3,844
2018	$103,858	$75,424	$282,090	$28,434