Minnesota Exploration Association (EIN 363617195) - 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

1988

Legal Domicile

Principal Officer

Larry Kramka

Phone

2184102059

Tax Period

2024-01-01 to 2024-12-31

Minnesota Exploration Association, founded in 1988, is a small nonprofit that reported $456K in total revenue in fiscal year 2024.

Mission

To benefit our communities and advance a sustainable future through responsible mining, processing, and domestic supply chain utilization of our mineral resources.

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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 $426,500

Program Service Revenue $19,809

Investment Income $9,477

Other Revenue $0

TOTAL REVENUE $455,786

Expense Breakdown

Grants Paid $0

Salaries & Benefits $197,625

Fundraising Expenses $0

Other Expenses $294,494

TOTAL EXPENSES $492,119

Year-over-Year Comparison

	2024	2023	Change
Revenue	$455,786	$442,996	+0.0%
Expenses	$492,119	$437,583	+0.1%
Net Income	$-36,333	$5,413	-7.7%

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

$197,625

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Julie Lucas	Executive Director	40.00	Officer	$197,625	$0	$197,625
Dean DeBeltz	President	1.50	Officer Director	$0	$0	$0
Christie Kearney	Vice President	1.50	Officer Director	$0	$0	$0
Larry Kramka	Secretary-Treasurer	1.00	Officer Director	$0	$0	$0
Julian Collins	Director	1.00	Director	$0	$0	$0
Kathy Graul	Director	1.00	Director	$0	$0	$0
Bruce Richardson	Director	1.00	Director	$0	$0	$0
Colin Marsh	Director	1.00	Director	$0	$0	$0
Todd Malan	Director	1.00	Director	$0	$0	$0
Jessica Johnson	Director	1.00	Director	$0	$0	$0
Michael Sturdy	Director	1.00	Director	$0	$0	$0
Rick Sandri	Director	1.00	Director	$0	$0	$0
Harry Noyes	Director	1.00	Director	$0	$0	$0
Lindsey Buran	Director	1.00	Director	$0	$0	$0
Stacey Green	Director	1.00	Director	$0	$0	$0
Tina Pint	Director	1.00	Director	$0	$0	$0
Kris Fredson	Director	1.00	Director	$0	$0	$0
Dave Chura	Director	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	No data	No data	No data	No data
2024	$455,786	$492,119	$354,370	$-36,333
2023	$442,996	$437,583	$390,703	$5,413
2022	$582,955	$586,602	$385,290	$-3,647
2021	$417,376	$568,299	$252,703	$-150,923
2020	$525,226	$489,549	$403,626	$35,677
2019	$486,440	$536,756	$367,949	$-50,316
2018	$508,144	$464,464	$418,265	$43,680

Minnesota Exploration Association