Mental Health Minnesota

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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

1951

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Mental Health Minnesota, founded in 1951, is a community nonprofit in the Mental Health sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $1.3M exceeded revenue, resulting in a 24% operating deficit.

Mission

Mental Health Minnesota is the voice of lived mental health expenience. We carry that declaration forward as we work to advance mental health and well-being for all, increase access to mental health treatment and services, and provide education, resources and support across MN.

Program Service Accomplishments

Program 1

Expenses: $530,390

988 Program - Mental Health Minnesota joined the nationwide network of providers for the 988 Suicide and Crisis Lifeline in 2023, one of five Lifeline Centers in Minnesota. The organization responds...

Program 2

Expenses: $328,244

Minnesota Warmline - a statewide safe, anonymous and confidential phone/text line that provides people who are working on their mental health recovery with an opportunity to connect with others, find support, reduce social isolation, and talk about their concerns. The Warmline uses a peer-to-peer approach, and is answered by a professionally trained staff of Certified Peer Specialists who have first-hand, personal experience living with a mental health condition. The Warmline had 14,213 calls/texts in 2023, and is a tool that helps many people before they reach a point of crisis.

Program 3

Expenses: $149,788

Education - serves to educate individuals living with mental illness, their families, educators in secondary schools and colleges, students and youth, members of faith communities and synagogues...

Education - serves to educate individuals living with mental illness, their families, educators in secondary schools and colleges, students and youth, members of faith communities and synagogues, employees and employers, professional providers, and the general public in order to reduce the stigma associated with mental illness, encourage mental health early screening and treatment, and to promote mental health and wellness.

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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 $300,403

Program Service Revenue $709,258

Investment Income $1,175

Other Revenue $1,057

TOTAL REVENUE $1,011,893

Expense Breakdown

Grants Paid $0

Salaries & Benefits $867,898

Fundraising Expenses $57,396

Program Expenses $1,114,706

Other Expenses $389,691

TOTAL EXPENSES $1,257,589

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,011,893	$717,050	+0.4%
Expenses	$1,257,589	$949,505	+0.3%
Net Income	$-245,696	$-232,455	+0.1%

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

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

$113,963

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shannah Mulvihill	Executive Dir	40.00	Officer	$113,963	$0	$113,963
Alicia Reeves	Director	2.00	Director	$0	$0	$0
Ryan Rasmussen	Director	2.00	Director	$0	$0	$0
Dr Michael Trangle	Director	2.00	Director	$0	$0	$0
Patricia Stark	Director	2.00	Director	$0	$0	$0
Mikhail Ericdson	Director	2.00	Director	$0	$0	$0
Julie Bergsten	Director	2.00	Director	$0	$0	$0
Anastasia Cyptar	Director	2.00	Director	$0	$0	$0
Patrick Rhone	President	2.00	Officer Director	$0	$0	$0
Linda Sjoberg	Vice President	2.00	Officer Director	$0	$0	$0
Royal Jaros	Treasurer	2.00	Officer 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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,011,893	$1,257,589	$1,157,304	$-245,696
2022	$717,050	$653,505	$1,002,618	$63,545
2021	$602,900	$478,302	$1,139,565	$124,598
2020	$478,243	$419,740	$1,039,505	$58,503
2019	$248,792	$347,363	$703,519	$-98,571
2018	$303,621	$391,649	$688,945	$-88,028