MINNESOTA MULTI HOUSING ASSOCIATION (EIN 410961625) - 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

CECIL SMITH

Phone

9528548500

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA MULTI HOUSING ASSOCIATION, founded in 1967, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $2.4M left a modest 5% surplus.

Mission

TO SUPPORT THE MULTI-HOUSING INDUSTRY THROUGH PUBLIC POLICY LEADERSHIP, EDUCATIONAL OPPORTUNITIES, COMMUNICATIONS AND MARKETING IN WAYS THAT ENHANCE THE INDUSTRY FOR ITS MEMBERS, ITS RESIDENTS AND IT COMMUNITIES.

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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 $105,000

Program Service Revenue $2,329,741

Investment Income $45,750

Other Revenue $0

TOTAL REVENUE $2,480,491

Expense Breakdown

Grants Paid $0

Salaries & Benefits $308,305

Fundraising Expenses $0

Other Expenses $2,056,091

TOTAL EXPENSES $2,364,396

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,480,491	$2,106,658	+0.2%
Expenses	$2,364,396	$1,972,830	+0.2%
Net Income	$116,095	$133,828	-0.1%

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

900

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

$244,918

Total Directors

$244,918

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER SPADINE	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
MATT TEASDALE	FIRST VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRENDA HVAMBSAL	SECRETARY	1.00	Officer Director	$0	$0	$0
JENNIFER GORDON	SECOND VICE CHAIR	1.00	Officer Director	$0	$0	$0
LEANNA STEFANIAK	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
WILL DERRINGHER	DIRECTOR	1.00	Director	$0	$0	$0
ASHER GAVZY	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA HIRTZEL	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA HUEBNER	DIRECTOR	1.00	Director	$0	$0	$0
TOM KENDHAMMER	DIRECTOR	1.00	Director	$0	$0	$0
JIM RUBIN	DIRECTOR	1.00	Director	$0	$0	$0
LAURA RUSS	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER ULMER	DIRECTOR	1.00	Director	$0	$0	$0
CECIL SMITH	PRESIDENT	40.00	Officer Director	$229,610	$15,308	$244,918
ERIN FRANSEN	TREASURER	1.00	Officer Director	$0	$0	$0
TODD LILJENQUIST	EMPLOYEE	40.00	Highest	$150,595	$12,544	$163,139
AUBREY ALBRECHT	EMPLOYEE	40.00	Highest	$121,934	$9,090	$131,024
MARTIN MCDONOUGH	EMPLOYEE	40.00	Highest	$104,619	$11,248	$115,867

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	$2,480,491	$2,364,396	$2,861,234	$116,095
2022	$2,106,658	$1,972,830	$2,137,914	$133,828
2021	$2,659,160	$2,697,444	$1,831,730	$-38,284
2020	$2,017,307	$2,079,071	$1,841,102	$-61,764
2019	$2,339,102	$2,375,817	$1,938,938	$-36,715

MINNESOTA MULTI HOUSING ASSOCIATION