MINNESOTA OPTOMETRIC ASSOCIATION

EIN: 410849989

BLOOMINGTON, MN

Total Revenue
$834,122
Total Expenses
$811,917
Total Assets
$1,262,728
Net Assets
$853,795
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1938
Legal Domicile
MN
Principal Officer
DR STACY HINKEMEYER
Phone
8006788232
Tax Period
2024-01-01 to 2024-12-31

MINNESOTA OPTOMETRIC ASSOCIATION, founded in 1938, is a small nonprofit that reported $834K in total revenue in fiscal year 2024.

Mission

THE MINNESOTA OPTOMETRIC ASSOCIATION EMPOWERS AND DEVELOPS OUR MEMBERS TO PROVIDE EXCEPTIONAL EYE CARE TO ALL MINNESOTANS BY ENRICHING THEIR BUSINESSES WITH DYNAMIC EDUCATIONAL, NETWORKING, AND LEGISLATIVE TOOLS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $429,498
Program Service Revenue $359,513
Investment Income $29,143
Other Revenue $15,968
TOTAL REVENUE $834,122

Expense Breakdown

Grants Paid $0
Salaries & Benefits $232,081
Fundraising Expenses $104,853
Program Expenses $558,313
Other Expenses $579,836
TOTAL EXPENSES $811,917

Year-over-Year Comparison

2024 2023 Change
Revenue $834,122 $781,324 +0.1%
Expenses $811,917 $727,602 +0.1%
Net Income $22,205 $53,722 -0.6%
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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Governance

Voting Members
10
Independent Members
10
Employees
3
Volunteers
40

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
6
$128,937
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR LAUREN KELSEY HAVERLY IMMEDIATE PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
DR STACY HINKEMEYER-COLATRELLA PRESIDENT 1.00
Officer Director
$0 $0 $0
DR JMATT DOWNS TRUSTEE 1.00
Director
$0 $0 $0
DR TATE HERMAN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DR THOMAS ELTON PRESIDENT ELECT 1.00
Officer Director
$0 $0 $0
KATE MONTELEAGRE TRUSTEE 1.00
Director
$0 $0 $0
TERESA RHONE TREASURER 1.00
Officer Director
$0 $0 $0
DR TARA KEMPFER TRUSTEE 1.00
Director
$0 $0 $0
DR MIRANDA LEPINSKI TRUSTEE 1.00
Director
$0 $0 $0
DR SASHA NIRANJALI NARAYAN TRUSTEE 1.00
Director
$0 $0 $0
MIKE ACKERMANN PAST PRESIDENT EMERITUS 1.00
Director
$0 $0 $0
BETH COLEMAN-JENSEN EXECUTIVE DIRECTOR 40.00
Officer
$128,937 $0 $128,937
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
2024 $834,122 $811,917 $1,262,728 $22,205
2023 $781,324 $727,602 $1,193,430 $53,722
2022 $793,885 $701,445 $1,147,061 $92,440
2021 $735,290 $614,853 $1,146,260 $120,437
2020 $645,295 $582,408 $972,686 $62,887
2019 $793,814 $745,941 $863,594 $47,873
2018 $767,613 $699,950 $765,478 $67,663
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