Central Mesabi Medical Foundation (EIN 410916605) - 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

1967

Legal Domicile

Principal Officer

Tina Seline

Phone

2183123034

Tax Period

2023-01-01 to 2023-12-31

Central Mesabi Medical Foundation, founded in 1967, is a small nonprofit that reported $218K in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $40K, a strong 18% operating margin.

Mission

Supporting the region serviced by the area hospital The foundation raises funds to purchase the most highly advanced equipment along with funding educational and operational programs that enhance the delivery of health care in Northeastern

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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 $151,307

Program Service Revenue $0

Investment Income $46,650

Other Revenue $20,316

TOTAL REVENUE $218,273

Expense Breakdown

Grants Paid $156,529

Salaries & Benefits $0

Fundraising Expenses $1,254

Program Expenses $156,529

Other Expenses $21,897

TOTAL EXPENSES $178,426

Year-over-Year Comparison

	2023	2022	Change
Revenue	$218,273	$149,000	+0.5%
Expenses	$178,426	$156,822	+0.1%
Net Income	$39,847	$-7,822	-6.1%

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

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tina Seline	President	1.00	Officer Director	$0	$0	$0
Andi Macenski	Vice President	1.00	Officer Director	$0	$0	$0
Andrew Borland	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Dr Kimberly Bigelow	Director	1.00	Director	$0	$0	$0
Pam Boswell	Director	1.00	Director	$0	$0	$0
John Briski	Director	1.00	Director	$0	$0	$0
Ann Bussey	Director	1.00	Director	$0	$0	$0
Steve Davidson	Director	1.00	Director	$0	$0	$0
Mike Fay	Director	1.00	Director	$0	$0	$0
Martha Hnatko	Director	1.00	Director	$0	$0	$0
Patricia Ives	Director	1.00	Director	$0	$0	$0
Marella Laliberte	Director	1.00	Director	$0	$0	$0
Bryan Lindsay	Director	1.00	Director	$0	$0	$0
Jeff Perunovich	Director	1.00	Director	$0	$0	$0
John Ryan	Director	1.00	Director	$0	$0	$0
Todd Scaia	Director	1.00	Director	$0	$0	$0
Susan Degnan	Foundation Director	40.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$218,273	$178,426	$1,655,873	$39,847
2022	$149,000	$156,822	$1,516,149	$-7,822
2021	$319,159	$207,076	$1,711,700	$112,083
2020	$157,596	$128,454	$1,644,544	$29,142
2019	$425,278	$259,546	$1,532,401	$165,732
2018	$269,196	$298,974	$1,303,563	$-29,778

Central Mesabi Medical Foundation