MINNESOTA OPTOMETRIC ASSOCIATION

EIN: 410849989

BLOOMINGTON, MN

Total Revenue
$764,287
Total Expenses
$762,323
Total Assets
$1,399,468
Net Assets
$908,225
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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
1938
Legal Domicile
MN
Principal Officer
BETH COLEMAN
Phone
8006788232
Tax Period
2025-01-01 to 2025-12-31

MINNESOTA OPTOMETRIC ASSOCIATION, founded in 1938, is a small nonprofit that reported $764K in total revenue in fiscal year 2025. Revenue decreased 8% compared to the prior year.

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.

Program Service Accomplishments

Program 1
Expenses: $496,388

ANNUAL MEETING AND CONTINUING EDUCATION FOR 170 OD'S EDUCATION IS TWO DAYS , A BUSINESS MEETING AND EXHIBIT HALL WERE ALSO HELD AT THE MEETING A SMALLER FALL MEETING WAS HELD WITH CE THAT WAS 2 DAYS...

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ANNUAL MEETING AND CONTINUING EDUCATION FOR 170 OD'S EDUCATION IS TWO DAYS , A BUSINESS MEETING AND EXHIBIT HALL WERE ALSO HELD AT THE MEETING A SMALLER FALL MEETING WAS HELD WITH CE THAT WAS 2 DAYS OF EDUCATION FOR ABOUT 80 OD'S

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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 (2025)

Revenue Breakdown

Contributions & Grants $433,745
Program Service Revenue $284,029
Investment Income $29,469
Other Revenue $17,044
TOTAL REVENUE $764,287

Expense Breakdown

Grants Paid $0
Salaries & Benefits $269,041
Fundraising Expenses $103,100
Program Expenses $496,388
Other Expenses $493,282
TOTAL EXPENSES $762,323

Year-over-Year Comparison

2025 2024 Change
Revenue $764,287 $834,122 -0.1%
Expenses $762,323 $811,917 -0.1%
Net Income $1,964 $22,205 -0.9%
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

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Governance

Voting Members
10
Independent Members
10
Employees
4
Volunteers
45

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
1
$159,152
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS ELTON PRESIDENT 1.00
Director
$0 $0 $0
TATE HERMAN PRESIDENT ELECT 1.00
Director
$0 $0 $0
TERESA RHONE VICE PRESIDENT 1.00
Director
$0 $0 $0
MATT DOWNS TREASURER 1.00
Director
$0 $0 $0
STACY HINKEMEYER IMMEDIATE PAST PRESIDENT 1.00
Director
$0 $0 $0
MARLANE BROWN PAST PRESIDENT EMERITUS 1.00
Director
$0 $0 $0
TARA KEMPFER TRUSTEE 1.00
Director
$0 $0 $0
NICOLE SCHMIEDT TRUSTEE 1.00
Director
$0 $0 $0
KATE MONTEALEGRE TRUSTEE 1.00
Director
$0 $0 $0
MIRANDA LEPINSKI TRUSTEE 1.00
Director
$0 $0 $0
SASHA NIRANJALI NARAYAN TRUSTEE 1.00
Director
$0 $0 $0
BETH COLEMAN-JENSEN EXEC DIRECTOR 40.00
Officer
$159,152 $0 $159,152
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 $764,287 $762,323 $1,399,468 $1,964
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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