MINNESOTA CENTER FOR FISCAL EXCELLENCE

EIN: 410418720

ST PAUL, MN

Total Revenue
$334,995
Total Expenses
$399,048
Total Assets
$117,852
Net Assets
$-219,565
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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
1958
Legal Domicile
MN
Principal Officer
MARK HAVEMAN
Phone
6512247477
Tax Period
2023-01-01 to 2023-12-31

MINNESOTA CENTER FOR FISCAL EXCELLENCE, founded in 1958, is a small nonprofit that reported $335K in total revenue in fiscal year 2023. Expenses of $399K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO EDUCATE AND INFORM MINNESOTANS ABOUT SOUND FISCAL POLICY. PROVIDE STATE AND LOCAL POLICY MAKERS WITH OBJECTIVE, NON-PARTISAN RESEARCH ABOUT THE IMPACTS OF TAX AND SPENDING POLICIES, AND ADVOCATE FOR THE ADOPTION OF POLICES REFLECTING PRINCIPLES OF FISCAL EXCELLENCE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $328,002
Investment Income $70
Other Revenue $6,923
TOTAL REVENUE $334,995

Expense Breakdown

Grants Paid $0
Salaries & Benefits $286,549
Fundraising Expenses $0
Program Expenses $285,216
Other Expenses $112,499
TOTAL EXPENSES $399,048

Year-over-Year Comparison

2023 2022 Change
Revenue $334,995 $321,064 +0.0%
Expenses $399,048 $373,108 +0.1%
Net Income $-64,053 $-52,044 +0.2%
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

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Governance

Voting Members
29
Independent Members
28
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
5
$129,310
Total Directors
29
$129,310
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK HAVEMAN EXECUTIVE DIRECTOR 30.00
Officer Director
$125,544 $3,766 $129,310
SARAH GETTE PRESIDENT 0.50
Officer Director
$0 $0 $0
ANDREW BOSL VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
THOMAS GOTTWALT TREASURER 1.00
Officer Director
$0 $0 $0
JIM GIRARD SECRETARY 1.00
Officer Director
$0 $0 $0
BETH KADOUN DIRECTOR 1.00
Director
$0 $0 $0
BRETT BOUTWELL DIRECTOR 1.00
Director
$0 $0 $0
BRIAN STROMEN DIRECTOR 1.00
Director
$0 $0 $0
CAROLINE BALFOUR DIRECTOR 1.00
Director
$0 $0 $0
CHRIS AREND DIRECTOR 1.00
Director
$0 $0 $0
CHRIS MARTIN DIRECTOR 1.00
Director
$0 $0 $0
DAVID JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
GARY KLINE DIRECTOR 1.00
Director
$0 $0 $0
DAVID WELLIVER DIRECTOR 1.00
Director
$0 $0 $0
ED DURUSHIA DIRECTOR 1.00
Director
$0 $0 $0
GARY KAY DIRECTOR 1.00
Director
$0 $0 $0
GAVIN HANSON DIRECTOR 1.00
Director
$0 $0 $0
GERALD MORRIS DIRECTOR 1.00
Director
$0 $0 $0
JOE WESSBECKER DIRECTOR 1.00
Director
$0 $0 $0
KATINA PETERSON DIRECTOR 1.00
Director
$0 $0 $0
KEN LEVINSON DIRECTOR 1.00
Director
$0 $0 $0
KRISTI CARLSON ESQ DIRECTOR 1.00
Director
$0 $0 $0
MASHA YEVZELMAN DIRECTOR 1.00
Director
$0 $0 $0
NANCY HYLDEN DIRECTOR 1.00
Director
$0 $0 $0
THOMAS HANSON DIRECTOR 1.00
Director
$0 $0 $0
TIM ASGRIMSON DIRECTOR 1.00
Director
$0 $0 $0
TODD RAPP DIRECTOR 1.00
Director
$0 $0 $0
WARD EINESS DIRECTOR 1.00
Director
$0 $0 $0
WENDY UNGLAUB 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
2024 No data No data No data No data
2023 $334,995 $399,048 $117,852 $-64,053
2022 $321,064 $373,108 $206,966 $-52,044
2021 $353,285 $378,097 $159,829 $-24,812
2020 $366,312 $369,136 $217,361 $-2,824
2019 $372,942 $395,800 $78,667 $-22,858
2018 $393,061 $391,402 $126,764 $1,659
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