Minnesota Academy of Science (EIN 410789356) - 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

1873

Legal Domicile

Principal Officer

Kris Barry

Phone

6519173994

Tax Period

2023-07-01 to 2024-06-30

Minnesota Academy of Science, founded in 1873, is a small nonprofit that reported $641K in total revenue in fiscal year 2023. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $118K, a strong 18% operating margin.

Mission

The Minnesota Academy of Science (MAS) is a statewide 501(c)3 organization committed to advancing science, technology, engineering , and math (STEM) in Minnesota by connecting Minnesotans of all backgrounds with resources and opportunities to engage in STEM Learning, research, and communication, and to recognize excellence in these areas.

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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 $591,007

Program Service Revenue $46,960

Investment Income $2,830

Other Revenue $0

TOTAL REVENUE $640,797

Expense Breakdown

Grants Paid $26,149

Salaries & Benefits $307,404

Fundraising Expenses $68,505

Program Expenses $397,566

Other Expenses $188,760

TOTAL EXPENSES $522,313

Year-over-Year Comparison

	2023	2022	Change
Revenue	$640,797	$379,233	+0.7%
Expenses	$522,313	$532,406	0.0%
Net Income	$118,484	$-153,173	-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

Volunteers

417

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

$85,100

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lara Maupin	Executive Dir.	40.00	Officer	$85,100	$0	$85,100
Cynthia Ward-Thompson	President	6.00	Officer Director	$0	$0	$0
Jeff Lande	Treasurer	6.00	Officer Director	$0	$0	$0
Gregory Park	Secretary	4.00	Officer Director	$0	$0	$0
John Morris	Vice President	4.00	Officer Director	$0	$0	$0
Lifeng Dong	Director	2.00	Director	$0	$0	$0
Lori Haak	Director	2.00	Director	$0	$0	$0
Robert Meyer	Director	2.00	Director	$0	$0	$0
Kailey Soller	Director	2.00	Director	$0	$0	$0
Nicholas Schlotter	Director	2.00	Director	$0	$0	$0
Kannan Seshadri	Director	2.00	Director	$0	$0	$0
Nicoshia Wynn	Director	2.00	Director	$0	$0	$0
Jahnavi Darji	Director	2.00	Director	$0	$0	$0
Monika Vadali	Director	2.00	Director	$0	$0	$0
Patrick Moore	Director	2.00	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
2025	No data	No data	No data	No data
2024	$640,797	$522,313	$215,296	$118,484
2023	$379,233	$532,406	$111,984	$-153,173
2022	$448,643	$379,266	$257,606	$69,377
2021	$251,712	$313,100	$188,341	$-61,388
2020	$300,832	$274,616	$228,590	$26,216
2019	$274,277	$349,773	$170,390	$-75,496

Minnesota Academy of Science