UNITED WAY OF SOUTHEAST MINNESOTA (EIN 410695594) - 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

1925

Legal Domicile

Principal Officer

JEROME FERSON

Phone

5072872000

Tax Period

2024-04-01 to 2025-03-31

UNITED WAY OF SOUTHEAST MINNESOTA, founded in 1925, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.1M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $3.5M exceeded revenue, resulting in a 11% operating deficit.

Mission

WE RESPOND TO THE GREATEST NEEDS IN OUR REGION BY INSPIRING PEOPLE TO GET INVOLVED, GIVE, BACK, AND TAKE ACTION.

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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 $2,394,640

Program Service Revenue $678,682

Investment Income $51,957

Other Revenue $1,199

TOTAL REVENUE $3,126,478

Expense Breakdown

Grants Paid $1,297,129

Salaries & Benefits $1,596,108

Fundraising Expenses $480,394

Program Expenses $2,585,896

Other Expenses $584,766

TOTAL EXPENSES $3,478,003

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,126,478	$3,311,565	-0.1%
Expenses	$3,478,003	$3,603,601	0.0%
Net Income	$-351,525	$-292,036	+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

Governance

Voting Members

Independent Members

Employees

Volunteers

345

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

$291,154

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARMIN BUDIMLIC	CHAIR	2.00	Officer Director	$0	$0	$0
CHARLIE PERKINS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RANDY SCHUBRING	2ND VICE CHAIR	1.00	Officer Director	$0	$0	$0
LUKE FREUND	TREASURER	1.00	Officer Director	$0	$0	$0
CALLY BUNNE	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
SIDNEY FRYE II	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE HEDRICK	DIRECTOR	1.00	Director	$0	$0	$0
ALEX ALEXANDER	DIRECTOR	1.00	Director	$0	$0	$0
SHRUTHI NAIK	DIRECTOR	1.00	Director	$0	$0	$0
KERI OLSON	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY STILWELL	DIRECTOR	1.00	Director	$0	$0	$0
LILLYAM ARROYAVE-GOMEZ	DIRECTOR	1.00	Director	$0	$0	$0
SARA-LOUISE HENRY	DIRECTOR	1.00	Director	$0	$0	$0
LISA QUEDNOW	DIRECTOR	1.00	Director	$0	$0	$0
NICK RETHEMEIER	DIRECTOR	1.00	Director	$0	$0	$0
KATIE SCHRODEN	DIRECTOR	1.00	Director	$0	$0	$0
JEROME FERSON	PRESIDENT	38.00	Officer	$160,496	$19,266	$179,762
DALE O'GROSKE	CHIEF FINANCIAL OFFICER	38.00	Officer	$97,148	$14,244	$111,392
JULIE RUZEK	PROGRAM DIRECTOR	38.00	Highest	$109,182	$11,509	$120,691

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	$3,126,478	$3,478,003	$3,918,080	$-351,525
2024	$3,311,565	$3,603,601	$4,229,833	$-292,036
2023	$3,451,495	$3,930,338	$4,601,041	$-478,843
2022	$3,759,142	$3,840,840	$5,240,172	$-81,698
2021	$4,003,925	$3,897,418	$5,706,940	$106,507
2020	$3,723,965	$3,589,464	$5,204,855	$134,501
2019	$3,725,549	$3,791,385	$5,225,563	$-65,836

UNITED WAY OF SOUTHEAST MINNESOTA