Minnesota Head Start Association Inc (EIN 363579547) - 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

1987

Legal Domicile

Principal Officer

Kraig Gratke

Tax Period

2024-09-01 to 2025-08-31

Minnesota Head Start Association Inc, founded in 1987, is a small nonprofit in the Education sector that reported $347K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $472K exceeded revenue, resulting in a 36% operating deficit.

Mission

To promote, support and coordinate Early Childhood and Family Development.

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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 $44,106

Program Service Revenue $302,624

Investment Income $204

Other Revenue $0

TOTAL REVENUE $346,934

Expense Breakdown

Grants Paid $750

Salaries & Benefits $268,785

Fundraising Expenses $0

Program Expenses $237,504

Other Expenses $202,065

TOTAL EXPENSES $471,600

Year-over-Year Comparison

	2024	2023	Change
Revenue	$346,934	$437,524	-0.2%
Expenses	$471,600	$457,555	+0.0%
Net Income	$-124,666	$-20,031	+5.2%

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

100

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Becky Shogren	Secretary	2.00	Officer Director	$0	$0	$0
Carissa Paulson	General Member	1.00	Director	$0	$0	$0
Lindsay Vocaty	General Member	1.00	Director	$0	$0	$0
Dennis DeMers	General Member	1.00	Director	$0	$0	$0
Jillayne Schuder	General Member	1.00	Director	$0	$0	$0
Tifanny McKinnon	General Member	1.00	Director	$0	$0	$0
Natalija Salesevic	General Member	1.00	Director	$0	$0	$0
Judy Baker	General Member	1.00	Director	$0	$0	$0
Noel Kisiali	General Member	1.00	Director	$0	$0	$0
Lee Turney	General Member	1.00	Director	$0	$0	$0
Mary Lockhart-Findling	Chairman	40.00	Officer Director	$0	$0	$0
Lori Schwartz	General Member	1.00	Director	$0	$0	$0
Michelle Wilkowski	2nd Vice Chair	2.00	Officer Director	$0	$0	$0
Rico Alexander	General Member	1.00	Director	$0	$0	$0
Sandy Simar	1st Vice Chair	2.00	Officer Director	$0	$0	$0
Skip Ferris	Treasurer	2.00	Officer Director	$0	$0	$0
Jennifer Koehler	General Member	1.00	Director	$0	$0	$0
Paige Hasledalen	General Member	1.00	Director	$0	$0	$0
Tammy Arend	General Member	1.00	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
2025	$346,934	$471,600	$257,230	$-124,666
2024	$437,524	$457,555	$377,688	$-20,031
2023	$435,604	$412,524	$397,746	$23,080
2022	$355,452	$296,750	$374,938	$58,702
2021	$400,848	$185,855	$315,957	$214,993
2020	$273,835	$254,251	$107,847	$19,584
2019	$377,907	$362,506	$85,515	$15,401
2018	$323,351	$350,778	$70,043	$-27,427

Minnesota Head Start Association Inc