ALLUMA INC

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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

1967

Legal Domicile

Principal Officer

SHAUNA REITMEIER

Phone

2182813940

Tax Period

2023-01-01 to 2023-12-31

ALLUMA INC, founded in 1967, is a mid-sized nonprofit in the Mental Health sector that reported $18.8M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $17.8M left a modest 6% surplus.

Mission

PROVIDE FULL RANGE OF BEHAVIORAL HEALTH SERVICES TO ITS MEMBER COUNTIES TO: A)PREVENT THE EMERGENCE OF MENTAL HEALTH PROBLEMS; B)PROVIDE EARLY INTERVENTION TO LIMIT THE IMPACT OF PROBLEMS; AND C) TREAT SERIOUS MENTAL HEALTH PROBLEMS TO REDUCE OR ELIMINATE LONG-TERM DIFFICULTIES OR DYSFUNCTION FOR INDIVIDUALS AND FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $2,768,528 Revenue: $4,079,320

FAMILY SERVICES PROGRAM. THE OBJECTIVE OF THIS PROGRAM IS TO PROVIDE SERVICES TO CHILDREN AND FAMILIES THAT WILL REDUCE THE NUMBER OF OUT-OF-HOME PLACEMENTS AND BRING ABOUT MORE PERMANENT CHANGES IN THEIR LIVES THAT WILL ALLOW THEM TO FUNCTION MORE EFFECTIVELY. 219 CHILDREN AND FAMILIES WERE SERVED (89 AGES 0-5).

Program 2

Expenses: $2,758,075 Revenue: $2,336,827

OUTREACH, ARMHS, AND TCM SERVICES FOR CHRONICALLY MENTALLY ILL ADULTS. PROVIDED 701 CLIENTS WITH SERVICES IN 2023.

Program 3

Expenses: $1,580,021 Revenue: $1,467,082

PSYCHIATRIC SERVICES TO PATIENTS IN A SIX-COUNTY REGION OF NORTHWESTERN MINNESOTA. SERVICE WAS PROVIDED TO 1,455 CLIENTS IN 2023.

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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 $5,522,262

Program Service Revenue $13,011,902

Investment Income $276,089

Other Revenue $0

TOTAL REVENUE $18,810,253

Expense Breakdown

Grants Paid $180,591

Salaries & Benefits $12,921,932

Fundraising Expenses $48,955

Program Expenses $13,573,949

Other Expenses $4,653,781

TOTAL EXPENSES $17,756,304

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,810,253	$16,714,008	+0.1%
Expenses	$17,756,304	$15,466,954	+0.1%
Net Income	$1,053,949	$1,247,054	-0.2%

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

204

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

$521,011

Total Directors

$9,325

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER KUJAVA	MEMBER	1.00	Director	$660	$0	$660
BRENT GISH	MEMBER	1.00	Director	$480	$0	$480
JIM DUCKSTAD	MEMBER	1.00	Director	$819	$0	$819
THERESIA GILLIE	PRESIDENT	1.00	Officer Director	$1,238	$0	$1,238
MAUREEN HAMS	MEMBER	1.00	Director	$540	$0	$540
NATHAN REDLAND	MEMBER	1.00	Director	$720	$0	$720
ALLEN REMICK	MEMBER	1.00	Director	$753	$0	$753
KAREN AHMANN	MEMBER	1.00	Director	$600	$0	$600
VERONICA PUENTES	MEMBER	1.00	Director	$660	$0	$660
KIP FONTAINE	VICE PRESIDENT	1.00	Officer Director	$935	$0	$935
CHRISTOPHER MILLS	MEMBER	1.00	Director	$900	$0	$900
RYAN PALM	SECRETARY/TREASURER	1.00	Officer Director	$1,020	$0	$1,020
SHAUNA REITMEIER	CHIEF EXECUTIVE OFFICER	40.00	Officer	$182,051	$28,891	$210,942
TAMMY HICKEL-ZOLA	CHIEF FINANCIAL OFFICER	40.00	Officer	$174,515	$18,000	$192,515
RACHAEL KANGESIER	CFO (EFFECTIVE 10/2023)	40.00	Officer	$110,427	$3,934	$114,361
NANCY THOMPSON	PSYCHIATRIC MENTAL HEALTH NURSE PRACTITIONOR	40.00	Highest	$129,782	$18,027	$147,809
KELLY ANDRINGA	NURSING SUPERVISOR	40.00	Highest	$101,958	$25,575	$127,533
JASON RUSSELL	CHIEF STRATEGY OFFICER	40.00	Highest	$162,792	$17,814	$180,606
MICHELLE VANCAMP	CHIEF MARKETING AND COMMUN	40.00	Highest	$126,117	$17,228	$143,345
BRENDA PAULEY-COLTER	CHIEF CLINICAL TRANSFORMAT	40.00	Highest	$144,506	$17,955	$162,461

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	No data	No data	No data	No data
2023	$18,810,253	$17,756,304	$20,596,062	$1,053,949
2022	$16,714,008	$15,466,954	$18,459,381	$1,247,054
2021	$16,840,479	$12,501,232	$18,006,550	$4,339,247
2020	$14,332,104	$12,024,863	$16,076,693	$2,307,241
2019	$14,077,414	$12,101,801	$11,234,545	$1,975,613
2018	$13,013,901	$11,416,078	$9,120,508	$1,597,823