Care Providers of Minnesota (EIN 410855906) - 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

1947

Legal Domicile

Principal Officer

Thomas Pearson

Phone

9528542844

Tax Period

2024-01-01 to 2024-12-31

Care Providers of Minnesota, founded in 1947, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $874K, a strong 22% operating margin.

Mission

Empower members to excellence through advocacy, education, knowledge, resources and support.

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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 $14,045

Program Service Revenue $3,756,134

Investment Income $212,904

Other Revenue $28,745

TOTAL REVENUE $4,011,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,059,817

Fundraising Expenses $0

Other Expenses $1,077,847

TOTAL EXPENSES $3,137,664

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,011,828	$3,596,700	+0.1%
Expenses	$3,137,664	$3,170,324	0.0%
Net Income	$874,164	$426,376	+1.1%

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

348

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

$325,424

Total Directors

$325,424

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomas J Pearson	President/CEO	40.00	Officer Director	$314,341	$11,083	$325,424
Todd C BergstromDirector	of Research & Data Analysis	40.00	Highest	$126,380	$35,433	$161,813
Jane E Danner	Director of Regulatory Services	40.00	Highest	$129,783	$13,263	$143,046
Shauna J Kapsner	Director of Education & Events	40.00	Highest	$113,822	$3,972	$117,794
Nicole Mattson	VP of Strategic Initiative	40.00	Highest	$163,825	$11,030	$174,855
Michaun R ShetlerDir of Asst	Living to VP of Regulatory Affairs	40.00	Highest	$111,010	$35,652	$146,662
Amanda Johnson	Chair	0.50	Officer Director	$0	$0	$0
Jennifer Gleason	Vice Chair	0.50	Officer Director	$0	$0	$0
Brian Bernander	Treasurer	0.50	Officer Director	$0	$0	$0
Kari Swanson	Secretary	0.50	Officer Director	$0	$0	$0
Paula Rocheleau	Immediate Past Chair of the Board	0.50	Officer Director	$0	$0	$0
Carolyn Hervin	Regions' Representative	0.50	Director	$0	$0	$0
Angie Andresen	Legislative Forum Chair	0.50	Director	$0	$0	$0
Timothy FunkMeyer	Service Corporation Chairperson	0.50	Director	$0	$0	$0
Denise Juday Barnett	NCAL MN State Leader	0.50	Director	$0	$0	$0
Josh Legum	Director at Large	0.50	Director	$0	$0	$0
Drew Hood	Director at Large	0.50	Director	$0	$0	$0
Melissa McCorquodale	Director at Large	0.50	Director	$0	$0	$0
Mathew P Pallansch	Director at Large	0.50	Director	$0	$0	$0
Paxton Wiffler	Director at Large	0.50	Director	$0	$0	$0
Robert F Rode	Director at Large	0.50	Director	$0	$0	$0
Fartun Ahmed	Director at Large	0.50	Director	$0	$0	$0
Avi Katz	Director at Large	0.50	Director	$0	$0	$0
Latonya Davis	Director at Large	0.50	Director	$0	$0	$0
Kim Te Brugge	Director at Large	0.50	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
2024	$4,011,828	$3,137,664	$6,518,039	$874,164
2023	$3,596,700	$3,170,324	$5,479,878	$426,376
2022	$3,388,547	$2,898,121	$4,891,938	$490,426
2021	$3,304,939	$2,765,372	$4,705,603	$539,567
2020	$2,597,170	$2,621,461	$4,036,603	$-24,291
2019	$2,873,221	$2,838,609	$3,775,585	$34,612
2018	$2,850,704	$2,871,298	$3,491,447	$-20,594

Care Providers of Minnesota