MINNESOTA MUNICIPAL UTILITIES ASSOCIATION (EIN 410940881) - 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

1931

Legal Domicile

Principal Officer

KARLEEN KOS

Phone

7635511230

Tax Period

2024-10-01 to 2024-12-31

MINNESOTA MUNICIPAL UTILITIES ASSOCIATION, founded in 1931, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue fell 72% from the prior year — a significant decline worth monitoring.

Mission

TO PROTECT AND ASSIST MUNICIPALLY OWNED UTILITIES.

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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 $0

Program Service Revenue $1,732,256

Investment Income $6,038

Other Revenue $0

TOTAL REVENUE $1,738,294

Expense Breakdown

Grants Paid $2,683

Salaries & Benefits $1,185,532

Fundraising Expenses $0

Program Expenses $1,346,989

Other Expenses $528,503

TOTAL EXPENSES $1,716,718

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,738,294	$6,219,588	-0.7%
Expenses	$1,716,718	$6,068,892	-0.7%
Net Income	$21,576	$150,696	-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

Governance

Voting Members

Independent Members

Employees

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

$379,798

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE KENNEDY	PAST PRESIDENT	0.50	Director	$0	$0	$0
SCOTT GRABE	PRESIDENT	0.50	Director	$0	$0	$0
BRUCE DEBLIECK	DIRECTOR	0.50	Director	$0	$0	$0
KEITH BUTCHER	DIRECTOR	0.50	Director	$0	$0	$0
JEREMY CARTER	SECRETARY-TREASURER	0.50	Director	$0	$0	$0
KEVIN LEE	DIRECTOR	0.50	Director	$0	$0	$0
PETE MOULTON	PRESIDENT-ELECT	0.50	Director	$0	$0	$0
ROGER WAREHIME	DIRECTOR	0.50	Director	$0	$0	$0
GREG DRENT	DIRECTOR	0.50	Director	$0	$0	$0
HAROLD LANGOWSKI	DIRECTOR	0.50	Director	$0	$0	$0
JAY LUTZ	DIRECTOR	0.50	Director	$0	$0	$0
TIM STONER	DIRECTOR	0.50	Director	$0	$0	$0
LARRY S PEDERSON	DIRECTOR OF FINANCE	40.00	Officer	$101,686	$0	$101,686
KARLEEN KOS	CHIEF EXECUTIVE OFFICER	40.00	Officer	$247,612	$30,500	$278,112
MICHAEL D WILLETTS	DIRECTOR OF JOB TRAINING &	40.00	Highest	$166,756	$30,500	$197,256
KENT A SULEM	GOVERNMENT RELATIONS DIREC	40.00	Highest	$138,069	$0	$138,069

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	$1,738,294	$1,716,718	$3,666,874	$21,576
2024	No data	No data	No data	No data
2023	$6,144,236	$5,676,927	$2,390,430	$467,309
2022	$5,373,439	$5,358,949	$1,446,912	$14,490
2021	$5,006,505	$5,037,180	$1,471,409	$-30,675
2020	$5,062,545	$5,004,495	$1,574,103	$58,050
2019	$5,173,231	$5,163,047	$1,522,257	$10,184
2018	$4,973,859	$4,900,690	$1,507,487	$73,169

MINNESOTA MUNICIPAL UTILITIES ASSOCIATION