IRON MINING ASSOC OF MINNESOTA (EIN 410363280) - 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

1992

Legal Domicile

Principal Officer

KRISTEN VAKE

Phone

2187227724

Tax Period

2023-01-01 to 2023-12-31

IRON MINING ASSOC OF MINNESOTA, founded in 1992, is a small nonprofit that reported $352K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

INFORM & EDUCATE PUBLIC

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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 $0

Program Service Revenue $336,416

Investment Income $2,287

Other Revenue $12,975

TOTAL REVENUE $351,678

Expense Breakdown

Grants Paid $0

Salaries & Benefits $140,223

Fundraising Expenses $0

Other Expenses $243,063

TOTAL EXPENSES $383,286

Year-over-Year Comparison

	2023	2022	Change
Revenue	$351,678	$383,976	-0.1%
Expenses	$383,286	$400,592	0.0%
Net Income	$-31,608	$-16,616	+0.9%

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

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

$123,850

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRAVIS KOLARI	CHAIR	1.00	Director	$0	$0	$0
CHRISSY BARTOVICH	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
JIM PERRY	DIRECTOR	1.00	Director	$0	$0	$0
JON ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
ALLYZ KRAMER	DIRECTOR	1.00	Director	$0	$0	$0
NELS OJARD	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE MARS	DIRECTOR	1.00	Director	$0	$0	$0
MARK LORENZ	DIRECTOR	1.00	Director	$0	$0	$0
TIM KALISCH	DIRECTOR	1.00	Director	$0	$0	$0
JEFF LIPOVETZ	DIRECTOR	1.00	Director	$0	$0	$0
RANDY ABERNETHY	DIRECTOR	1.00	Director	$0	$0	$0
FRANKLYN FREDRICKSON	DIRECTOR	1.00	Director	$0	$0	$0
LUKAS KLEMKE	DIRECTOR	1.00	Director	$0	$0	$0
AARON CLUSIAU	DIRECTOR	1.00	Director	$0	$0	$0
DEB DELUCA	DIRECTOR	1.00	Director	$0	$0	$0
JABARI BUSH	DIRECTOR	1.00	Director	$0	$0	$0
TOM SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN VAKE	EXECUTIVE DI	40.00	Officer	$120,000	$3,850	$123,850

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	$351,678	$383,286	$306,226	$-31,608
2022	$383,976	$400,592	$329,023	$-16,616
2021	$422,124	$389,653	$324,043	$32,471
2020	$615,801	$623,397	$297,327	$-7,596
2019	$721,652	$769,502	$376,786	$-47,850
2018	$688,378	$723,325	$366,107	$-34,947

IRON MINING ASSOC OF MINNESOTA