MINNESOTA FUNERAL DIRECTORS ASSOCIATION (EIN 410417355) - 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

1930

Legal Domicile

Principal Officer

JOE MAHN

Phone

7634160124

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA FUNERAL DIRECTORS ASSOCIATION, founded in 1930, is a small nonprofit that reported $320K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $354K exceeded revenue, resulting in a 11% operating deficit.

Mission

PROVIDE EDUCATIONAL AND OTHER BENEFITS TO MEMBERS AND TO PROMOTE THE INDUSTRY TO THE GENERAL 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 $319,450

Investment Income $346

Other Revenue $0

TOTAL REVENUE $319,796

Expense Breakdown

Grants Paid $0

Salaries & Benefits $400

Fundraising Expenses $0

Other Expenses $353,478

TOTAL EXPENSES $353,878

Year-over-Year Comparison

	2023	2022	Change
Revenue	$319,796	$365,033	-0.1%
Expenses	$353,878	$329,674	+0.1%
Net Income	$-34,082	$35,359	-2.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE MAHN	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
SARA THOMPSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
JORDAN MCREAVY SEITZ	TREASURER	1.00	Officer Director	$0	$0	$0
TYLER HOFF	DIRECTOR	1.00	Director	$0	$0	$0
SAM STEFFEL	DIRECTOR	1.00	Director	$0	$0	$0
JEFF HARTQUIST	DIRECTOR	1.00	Director	$0	$0	$0
KYLE TEBEEST	SECRETARY	1.00	Officer Director	$0	$0	$0
TRISTA KOSIBA	DIRECTOR	1.00	Director	$0	$0	$0
JADE PETZNICK	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON CEASE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HUSO	DIRECTOR	1.00	Director	$0	$0	$0
DAN DAHL	PAST PRESIDENTS REPRESENTATIVE	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
2024	No data	No data	No data	No data
2023	$319,796	$353,878	$547,719	$-34,082
2022	$365,033	$329,674	$582,027	$35,359
2021	$380,443	$353,547	$555,474	$26,896
2020	$204,880	$183,328	$525,690	$21,552
2019	$360,028	$337,120	$451,682	$22,908
2018	$414,172	$386,924	$412,953	$27,248

MINNESOTA FUNERAL DIRECTORS ASSOCIATION