SERVICE ENTERPRISES INC OF MINNESOTA (EIN 410977256) - 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

2010

Legal Domicile

Principal Officer

KARIN RAMEY

Phone

5076373503

Tax Period

2024-01-01 to 2024-12-31

SERVICE ENTERPRISES INC OF MINNESOTA, founded in 2010, is a community nonprofit in the Employment sector that reported $1.0M in total revenue in fiscal year 2024. Expenses of $897K left a modest 11% surplus.

Mission

PROVIDES VOCATIONAL TRAINING, JOB OPPORTUNITIES, AND OTHER SERVICES TO PEOPLE WITH DISABILITIES

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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 $21,286

Program Service Revenue $935,307

Investment Income $19,940

Other Revenue $29,858

TOTAL REVENUE $1,006,391

Expense Breakdown

Grants Paid $0

Salaries & Benefits $646,414

Fundraising Expenses $0

Program Expenses $713,409

Other Expenses $250,721

TOTAL EXPENSES $897,135

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,006,391	$973,854	+0.0%
Expenses	$897,135	$902,819	0.0%
Net Income	$109,256	$71,035	+0.5%

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

$70,418

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA MERKEL	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DAVID WIDMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ERIN KLETSCHER	SECRETARY	1.00	Officer Director	$0	$0	$0
DON HAZEN	TREASURER	1.00	Officer Director	$0	$0	$0
YVONNE GIRARD	DIRECTOR	0.50	Director	$0	$0	$0
REV SCOTT PROUTY	DIRECTOR	0.50	Director	$0	$0	$0
JACKIE FERRIER	DIRECTOR	0.50	Director	$0	$0	$0
DONNA HANLON	DIRECTOR	0.50	Director	$0	$0	$0
MARGIE BUCKLEY	DIRECTOR	0.50	Director	$0	$0	$0
KARIN RAMEY	EXECUTIVE DIRECTOR	40.00	Officer	$70,418	$0	$70,418

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	$1,006,391	$897,135	$1,852,186	$109,256
2023	$973,854	$902,819	$1,780,619	$71,035
2022	$959,885	$920,841	$1,743,169	$39,044
2021	$1,216,633	$846,299	$1,747,765	$370,334
2020	$752,671	$900,754	$1,572,860	$-148,083
2019	$957,502	$1,024,764	$1,453,455	$-67,262
2018	$982,560	$1,082,217	$1,500,595	$-99,657

SERVICE ENTERPRISES INC OF MINNESOTA