Care Providers of Minnesota

EIN: 410855906

Bloomington, MN

Total Revenue
$4,011,828
Total Expenses
$3,137,664
Total Assets
$6,518,039
Net Assets
$5,999,385
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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
MN
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

Trade association whose mission is to empower members to excellence through advocacy, education, expertise, resources and support.

Program Service Accomplishments

Program 1

To promote, direct and aid in the interests of health care facilities and senior housing providers in the State of Minnesota in every form and manner, and to foster and perpetuate high ideals...

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To promote, direct and aid in the interests of health care facilities and senior housing providers in the State of Minnesota in every form and manner, and to foster and perpetuate high ideals, principles, and practices in their operations.

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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 $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

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Governance

Voting Members
21
Independent Members
20
Employees
19
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
6
$325,424
Total Directors
20
$325,424
Key Employees
0
$0
Highest Compensated
5
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
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