MINNESOTA ACADEMY OF FAMILY PHYSIC… - Form 990 Financial Data

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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

1946

Legal Domicile

Principal Officer

ROLI DWIVEDI

Phone

9525420130

Tax Period

2024-07-01 to 2025-06-30

MINNESOTA ACADEMY OF FAMILY PHYSICIANS, founded in 1946, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $901K left a modest 11% surplus.

Mission

THE MAFP PROMOTES THE SPECIALTY OF FAMILY MEDICINE IN MINNESOTA AND SUPPORTS FAMILY PHYSICIANS AS THEY PROVIDE HIGH QUALITY, COMPREHENSIVE AND CONTINUOUS MEDICAL CARE FOR PATIENTS OF ALL AGES.

Program Service Accomplishments

Program 1

Expenses: $901,460 Revenue: $195,959

SPRING REFRESHER - PLANNED BY FAMILY PHYSICIANS FOR FAMILY PHYSICIANS, THIS TWO DAY CONTINUING MEDICAL EDUCATION EVENT PROVIDES UPDATE TO DATE EDUCATION AND PROFESSIONAL DEVELOPMENT FOR OUR MEMBERS WITH OVER 150 PHYSICIANS IN ATTENDANCE.SUMMER CME - THIS TWO DAY CONTINUING MEDICAL EDUCATION EVENT PROVIDES UP TO DATE EDUCATOIN AND PROFESSIONAL DEVELOPMENT FOR FAMILY PHYSICIANS IN MINNESOTA WITH OVER 70 IN ATTENDANCE.MFP MAGAZINE - OUR QUARTERLY PUBLICATION PROVIDES MEMBERS WITH UPDATE TO DATE INFORMATION ON ALL PROGRAMS AND SERVICES OFFERED TO MEMBERS AS WE AS SHARES INSPIRING STORIES OF THE IMPACT OF OUR MISSION AND STRATEGIC PRIORITIES.

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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 $714,291

Program Service Revenue $195,949

Investment Income $105,924

Other Revenue $10

TOTAL REVENUE $1,016,174

Expense Breakdown

Grants Paid $50,132

Salaries & Benefits $427,877

Fundraising Expenses $0

Program Expenses $901,460

Other Expenses $423,451

TOTAL EXPENSES $901,460

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,016,174	$853,292	+0.2%
Expenses	$901,460	$902,853	0.0%
Net Income	$114,714	$-49,561	-3.3%

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

N/A

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

$132,817

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX K HARSHA BANGURA	DIRECTOR	1.00	Director	$0	$0	$0
ALEXIS A VOSOONEY	TREASURER	1.00	Officer Director	$0	$0	$0
CHRISTEEBELLA AKPALA	DIRECTOR	5.00	Director	$0	$0	$0
CODY WENDLANDT	DIRECTOR	1.00	Director	$0	$0	$0
JAMES R BENZIE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES F CONNIFF	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
SHANNON M NEALE	DIRECTOR	1.00	Director	$0	$0	$0
OLUSOLA O ADEGOKE	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT JESKE MD	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
ROLI DWIVEDI MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
SARA ROBINSON MD	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN GUIMONT MD	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW SCHULTZ MD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID RUSHLOW MD	DIRECTOR	1.00	Director	$0	$0	$0
SHERYL FUEHRER MD	DIRECTOR	1.00	Director	$0	$0	$0
AUSTEN OTT	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON AASE DO	DIRECTOR	1.00	Director	$0	$0	$0
SABDI BRAVO-BENNING	DIRECTOR	1.00	Director	$0	$0	$0
MARIA HUNTLEY	CEO	40.00	Officer	$132,817	$0	$132,817

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	$1,016,174	$901,460	$1,379,821	$114,714
2024	$853,292	$902,853	$1,320,233	$-49,561
2023	$866,893	$1,015,073	$1,383,210	$-148,180
2022	$852,027	$907,376	$1,418,401	$-55,349
2021	$830,344	$830,199	$1,553,711	$145
2021	$805,344	$790,199	$1,533,711	$15,145
2020	$923,546	$1,115,579	$1,329,223	$-192,033
2019	$1,134,258	$1,260,440	$1,456,570	$-126,182
2018	$1,083,517	$1,158,879	$1,591,865	$-75,362

MINNESOTA ACADEMY OF FAMILY PHYSICIANS