MILLE LACS CTY AREA DAC (EIN 411225790) - 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

1970

Legal Domicile

Principal Officer

TESS SHIPMAN

Phone

3209832162

Tax Period

2024-01-01 to 2024-12-31

MILLE LACS CTY AREA DAC, founded in 1970, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

PROVIDE A RANGE OF QUALITY SERVICES WHICH PROMOTE GROWTH AND DEVELOPMENT IN PERSONS WITH DEVELOPEMENTAL DISABILITIES OR RELATED CONDITIONS

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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 $22,672

Program Service Revenue $2,569,477

Investment Income $16,342

Other Revenue $624,125

TOTAL REVENUE $3,232,616

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,565,856

Fundraising Expenses $0

Program Expenses $2,638,483

Other Expenses $643,759

TOTAL EXPENSES $3,209,615

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,232,616	$3,567,461	-0.1%
Expenses	$3,209,615	$2,976,787	+0.1%
Net Income	$23,001	$590,674	-1.0%

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

N/A

Employees

N/A

Volunteers

N/A

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

$67,511

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN OLSON	CHAIR	1	Officer	$0	$0	$0
JACKIE YOUNGBE	TREASURER	1	Officer	$0	$0	$0
MARY FEHRING	SECRETARY	1	Officer	$0	$0	$0
ROD PELTOMA	FORMER DIRECTO	40		$103,222	$0	$103,222
TESS SHIPMAN	DIRECTOR	40	Key Emp	$67,511	$0	$67,511
STEVE BISTRUP	VICE CHAIR	1	Officer	$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	$3,232,616	$3,209,615	$2,867,879	$23,001
2023	$3,567,461	$2,976,787	$3,016,257	$590,674
2022	$2,830,388	$2,791,868	$2,346,826	$38,520
2021	$2,585,810	$2,324,827	$2,338,471	$260,983
2020	$1,924,347	$2,091,639	$2,092,899	$-167,292
2019	$2,599,201	$2,486,918	$2,291,793	$112,283

MILLE LACS CTY AREA DAC