MINNESOTA AUTOMOBILE DEALERS ASSOCIATION (EIN 410416650) - 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

1945

Legal Domicile

Principal Officer

SCOTT LAMBERT

Phone

6512912400

Tax Period

2023-09-01 to 2024-08-31

MINNESOTA AUTOMOBILE DEALERS ASSOCIATION, founded in 1945, is a small nonprofit that reported $999K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $850K left a modest 15% surplus.

Mission

PROMOTE THE INTEREST OF AUTOMOBILE DEALERS THROUGHOUT THE STATE OF MINNESOTA

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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 $74,000

Program Service Revenue $735,420

Investment Income $23,068

Other Revenue $166,393

TOTAL REVENUE $998,881

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $849,557

TOTAL EXPENSES $849,557

Year-over-Year Comparison

	2023	2022	Change
Revenue	$998,881	$907,396	+0.1%
Expenses	$849,557	$929,224	-0.1%
Net Income	$149,324	$-21,828	-7.8%

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

Volunteers

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

$330,237

Total Directors

$330,237

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT LAMBERT	PRESIDENT	1.00	Officer Director	$79,558	$23,487	$330,237
CHAD MURPHY	CHAIR	1.00	Officer Director	$0	$0	$0
TOM LEONARD	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
GARY THIBERT	PAST CHAIR	1.00	Officer Director	$0	$0	$0
DON DAVIDSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ROB GREGORY	TREASURER	1.00	Officer Director	$0	$0	$0
PATRICK FRANCIS	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVE WHITAKER	DIRECTOR	1.00	Director	$0	$0	$0
TIM CARTER	DIRECTOR	1.00	Director	$0	$0	$0
KERRY WASCHIKE COLLIE	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTY GILLELAND	DIRECTOR	1.00	Director	$0	$0	$0
ANDY HATLESTAD	DIRECTOR	1.00	Director	$0	$0	$0
TOM HAWKINS	DIRECTOR	1.00	Director	$0	$0	$0
CHET LOCKWOOD	DIRECTOR	1.00	Director	$0	$0	$0
PAT SUTTER	DIRECTOR	1.00	Director	$0	$0	$0
PAUL WALSER	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS IACONA JR	SALES MANAGER	1.00	Highest	$0	$18,170	$210,565
MARY VELINE	VP OF OPERATIONS	1.00	Highest	$37,555	$24,115	$206,906
AMBER BACKHAUS	VP OF PUBLIC AFFAIRS	1.00	Highest	$48,012	$9,084	$136,018
DAN LOUISMET	GENERAL COUNSEL	1.00	Highest	$0	$17,816	$213,215
MATTHEW FOLKSA	DIRECTOR OF SERVICES	1.00	Highest	$0	$12,434	$131,764

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	$998,881	$849,557	$3,311,549	$149,324
2023	$907,396	$929,224	$2,916,389	$-21,828
2022	$1,854,684	$2,120,953	$2,968,407	$-266,269
2021	$2,214,348	$1,930,151	$3,408,633	$284,197
2020	$1,665,549	$1,838,403	$2,616,887	$-172,854
2019	$1,568,397	$1,789,900	$2,742,420	$-221,503
2018	$1,721,767	$2,018,243	$2,640,439	$-296,476

MINNESOTA AUTOMOBILE DEALERS ASSOCIATION