MINNESOTA ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS INC (EIN 410775829) - 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

1927

Legal Domicile

Principal Officer

ROB LANDGRAF

Phone

7635448087

Tax Period

2017-07-01 to 2018-06-30

MINNESOTA ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS INC, founded in 1927, is a small nonprofit that reported $280K in total revenue in fiscal year 2017. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $44K, a strong 16% operating margin.

Mission

NAIFA PROTECTS AND PROMOTES THE VALUE OF THE INSURANCE AND FINANCIAL ADVISOR THROUGH INDUSTRY BEST PRACTICES IN ADVOCACY, BUSINESS BUILDING, CONTINUING EDUCATION, CONNECTIONS AND ETHICAL PRACTICE.

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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 (2017)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $261,925

Investment Income $0

Other Revenue $18,000

TOTAL REVENUE $279,925

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $235,834

TOTAL EXPENSES $235,834

Year-over-Year Comparison

	2017	2016	Change
Revenue	$279,925	$307,974	-0.1%
Expenses	$235,834	$292,465	-0.2%
Net Income	$44,091	$15,509	+1.8%

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	Role	Reportable Comp	Other Comp	Total
JOLENE JOHANNES	PRESIDENT	Officer Director	$0	$0	$0
DREW DEWITT	PRESIDENT-ELECT	Officer Director	$0	$0	$0
SCOTT WOLF	PAST PRESIDENT	Officer Director	$0	$0	$0
KIM NYBO	SECRETARY	Officer Director	$0	$0	$0
ROB LANDGRAF	TREASURER	Officer Director	$0	$0	$0
COREY ANDERSON	TRUSTEE	Director	$0	$0	$0
JOHN DEAN	DIRECTOR	Director	$0	$0	$0
RICK DWORSKY	DIRECTOR	Director	$0	$0	$0
BRIAN EMSWILER	TRUSTEE	Director	$0	$0	$0
KIM GARBERS	DIRECTOR	Director	$0	$0	$0
GARY HAVIR	TRUSTEE	Director	$0	$0	$0
TYLER HIRTH	DIRECTOR	Director	$0	$0	$0
ELYSE JENSEN	DIRECTOR	Director	$0	$0	$0
SANDRA KEENAN	DIRECTOR	Director	$0	$0	$0
TOM KILTON	DIRECTOR	Director	$0	$0	$0
KENDALL KOENS	DIRECTOR	Director	$0	$0	$0
PAT LOVELETTE	DIRECTOR	Director	$0	$0	$0
DAVE MARTENS	DIRECTOR	Director	$0	$0	$0
RICHARD B RICE CLU	DIRECTOR	Director	$0	$0	$0
CHRIS SCHNEEMAN	DIRECTOR	Director	$0	$0	$0
ROSS WELTE	DIRECTOR	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
2018	$279,925	$235,834	$37,618	$44,091

MINNESOTA ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS INC