MINNESOTA NURSES ASSOCIATION

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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

1905

Legal Domicile

Principal Officer

ELAINA HANE

Phone

6514142800

Tax Period

2024-01-01 to 2024-12-31

MINNESOTA NURSES ASSOCIATION, founded in 1905, is a mid-sized nonprofit that reported $19.9M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $18.1M left a modest 9% surplus.

Mission

TO ADVANCE THE PROFESSIONAL, ECONOMIC AND GENERAL WELL-BEING OF NURSES AND PROMOTE THE HEALTH AND WELL-BEING OF THE PUBLIC.

Program Service Accomplishments

Program 1

TO PROMOTE AND ENFORCE, THROUGH THE MOBILIZATION OF MEMBERS, STANDARDS OF NURSING PRACTICE AND EMPLOYMENT, BENEFITTING REGISTERED NURSES AND THE PUBLIC'S HEALTH CARE.

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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 $7,321

Program Service Revenue $19,331,789

Investment Income $590,518

Other Revenue $1,375

TOTAL REVENUE $19,931,003

Expense Breakdown

Grants Paid $90,170

Salaries & Benefits $11,107,424

Fundraising Expenses $0

Other Expenses $6,870,047

TOTAL EXPENSES $18,067,641

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,931,003	$17,654,311	+0.1%
Expenses	$18,067,641	$17,174,276	+0.1%
Net Income	$1,863,362	$480,035	+2.9%

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

$666,668

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS RUBESCH	PRESIDENT/1ST VICE PRESIDENT - PAST	20.00	Officer	$75,043	$0	$75,043
SHIORI KONDA-MUHAMMAD	1ST VICE PRESIDENT	3.00	Officer	$1,935	$0	$1,935
MELISA KOLL	2ND VICE PRESIDENT	3.00	Officer	$5,073	$0	$5,073
BECKY NELSON	SECRETARY	3.00	Officer	$0	$0	$0
JILL LEBRUN	TREASURER	3.00	Officer	$0	$0	$0
TAMRA ANDERSEN	DIRECTOR	3.00	Officer	$2,150	$0	$2,150
DANIEL CLUTE	DIRECTOR	3.00	Officer	$2,110	$0	$2,110
BERNADINE ENGELDORF	DIRECTOR	3.00	Officer	$1,050	$0	$1,050
KEVIN HAWN	DIRECTOR	3.00	Officer	$0	$0	$0
BRITTANY LIVACCARI	DIRECTOR	3.00	Officer	$1,026	$0	$1,026
MEGAN MATTESON	DIRECTOR	3.00	Officer	$700	$0	$700
SYDNEY PEDERSON	DIRECTOR	3.00	Officer	$1,569	$0	$1,569
KRISTY RICKS	DIRECTOR	3.00	Officer	$1,557	$0	$1,557
VENESSA SOLDO-JONES	DIRECTOR	3.00	Officer	$2,658	$0	$2,658
MICHELLE SORENSEN	DIRECTOR	3.00	Officer	$0	$0	$0
JAYME WICKLUND	DIRECTOR - PAST	3.00	Officer	$0	$0	$0
ALEXIA HITCHINGS	DIRECTOR - PAST	3.00	Officer	$1,976	$0	$1,976
VICTORIA JAMES	DIRECTOR - PAST	3.00	Officer	$0	$0	$0
MARY TURNER	PRESIDENT - PAST	20.00	Officer	$1,215	$0	$1,215
DOREEN MCINTYRE	2ND VICE PRESIDENT - PAST	3.00	Officer	$0	$0	$0
JENNIFER MICHELSON	SECRETARY - PAST	3.00	Officer	$0	$0	$0
SANDIE ANDERSON	TREASURER - PAST	3.00	Officer	$0	$0	$0
LAURIE BAHR	DIRECTOR - PAST	3.00	Officer	$0	$0	$0
HEATHER JAX	DIRECTOR - PAST	3.00	Officer	$0	$0	$0
SUSAN KREITZ	DIRECTOR - PAST	3.00	Officer	$0	$0	$0
STELLA OBADIYA	DIRECTOR - PAST	3.00	Officer	$0	$0	$0
GAIL OLSON	DIRECTOR - PAST	3.00	Officer	$1,611	$0	$1,611
ANGELA BECCHETTI	DIRECTOR - PAST	3.00	Officer	$2,821	$0	$2,821
LYNNETTA MUEHLHAUSER	DIRECTOR - PAST	3.00	Officer	$0	$0	$0
RUI PINA	DIRECTOR - PAST	3.00	Officer	$0	$0	$0
ANGELA SCHROEDER-MALONE	DIRECTOR - PAST	3.00	Officer	$0	$0	$0
JUDY RUSSELL-MARTIN	DIRECTOR - PAST	3.00	Officer	$0	$0	$0
WENDY WAHL	DIRECTOR - PAST	3.00	Officer	$0	$0	$0
COREY MORTENSEN	FINANCE DIRECTOR	40.00	Officer	$181,790	$67,149	$248,939
ELAINA HANE	EXECUTIVE DIRECTOR	40.00	Officer	$195,035	$65,190	$260,225
KARLTON SCOTT	EXECUTIVE DIRECTOR - PAST	40.00	Officer	$48,198	$6,812	$55,010
SHANNON CUNNINGHAM	DIRECTOR OF GOV & COMMUNITY RELATIONS	40.00	Highest	$187,965	$68,106	$256,071
BRENDA WOODALL	LABOR REPRESENTATIVE	40.00	Highest	$186,227	$40,061	$226,288
CHRISTOPHER REINKE	COMMUNICATIONS SPECIALIST	40.00	Highest	$158,829	$35,771	$194,600
ERIC TRONNES	LABOR REPRESENTATIVE	40.00	Highest	$161,441	$55,672	$217,113
EVANGELINE TUTT	LABOR REPRESENTATIVE	40.00	Highest	$160,930	$34,110	$195,040

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	$19,931,003	$18,067,641	$19,784,693	$1,863,362
2023	$17,654,311	$17,174,276	$17,009,795	$480,035
2022	$17,125,650	$18,982,027	$15,955,112	$-1,856,377
2021	$17,502,340	$16,162,757	$18,618,225	$1,339,583
2020	$17,765,570	$15,835,104	$15,762,237	$1,930,466
2019	$17,606,812	$16,886,146	$13,243,340	$720,666
2018	$16,940,912	$16,479,284	$11,483,854	$461,628