MINNESOTA CHIROPRACTIC ASSOCIATION (EIN 410416845) - 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

1941

Legal Domicile

Principal Officer

ADAM MILLSOP

Phone

6513582200

Tax Period

2024-06-01 to 2025-05-31

MINNESOTA CHIROPRACTIC ASSOCIATION, founded in 1941, is a small nonprofit that reported $273K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

TO ADVANCE, PROMOTE & UNIFY THE ART, PHILOSOPHY & SCIENCE OF THE CHIROPRACTIC PROFESSION.

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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 $0

Program Service Revenue $247,877

Investment Income $20,437

Other Revenue $4,550

TOTAL REVENUE $272,864

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $275,295

TOTAL EXPENSES $275,295

Year-over-Year Comparison

	2024	2023	Change
Revenue	$272,864	$352,015	-0.2%
Expenses	$275,295	$287,796	0.0%
Net Income	$-2,431	$64,219	-1.0%

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

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
MICHELLE NORTON	President	2.00	Officer Director	$0	$0	$0
ADAM MILLSOP	1ST VP	2.00	Officer Director	$0	$0	$0
ANDREA ALBERTSON	2ND VP	1.00	Officer Director	$0	$0	$0
REBECCA AMSTUTZ	Secretary	2.00	Officer Director	$0	$0	$0
JACOB DALBEC	Treasurer	1.00	Officer Director	$0	$0	$0
JODI DORPINGHAUS	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
GABE WIENER	Director	1.00	Director	$0	$0	$0
SAMMI SHAND	Director	1.00	Director	$0	$0	$0
DARREN ROEMHILDT	Director	1.00	Director	$0	$0	$0
ROBIN SACHDEVA	Director	1.00	Director	$0	$0	$0
CHRISOPHER DEAN	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	$272,864	$275,295	$499,560	$-2,431
2024	$352,015	$287,796	$515,330	$64,219
2023	$377,200	$242,325	$409,321	$134,875
2022	$313,573	$196,883	$240,863	$116,690
2020	$390,059	$300,628	$214,793	$89,431
2019	$471,342	$263,394	$221,340	$207,948
2018	$356,559	$361,985	$108,573	$-5,426

MINNESOTA CHIROPRACTIC ASSOCIATION