SPECIAL OLYMPICS MINNESOTA INC (EIN 411228157) - 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

1973

Legal Domicile

Principal Officer

BILL FISH

Phone

6123330999

Tax Period

2024-01-01 to 2024-12-31

SPECIAL OLYMPICS MINNESOTA INC, founded in 1973, is a mid-sized nonprofit that reported $10.9M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

OFFERS PEOPLE WITH INTELLECTUAL DISABILITIES YEAR-ROUND SPORTS TRAINING AND COMPETITION.

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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 $10,647,086

Program Service Revenue $2,040

Investment Income $437,058

Other Revenue $-220,842

TOTAL REVENUE $10,865,342

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,236,956

Fundraising Expenses $1,429,385

Program Expenses $8,257,747

Other Expenses $5,338,942

TOTAL EXPENSES $10,575,898

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,865,342	$9,699,700	+0.1%
Expenses	$10,575,898	$9,138,410	+0.2%
Net Income	$289,444	$561,290	-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

6879

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

$614,789

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTOR FIELDS	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM TING	BOARD MEMBER	1.00	Director	$0	$0	$0
TODD ACKERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
RAYNE OLSON	SECRETARY	1.00	Officer Director	$0	$0	$0
MATT CHERICO	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY BETH DONDELINGER	BOARD MEMBER	1.00	Director	$0	$0	$0
KYLE CANNON	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN TORGERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE LARSON	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
DENISE WESTENFIELD	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDY BLACKSHAW	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID BOOTH	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN KROPP	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS PASSARO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHANTAL WILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BOBBY HUNTER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID KING	BOARD MEMBER	1.00	Director	$0	$0	$0
ABBY HIRSCH	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID DORN	PRESIDENT/CEO	40.00	Officer	$203,308	$36,866	$240,174
BILL FISH	CHIEF DEVELOPMENT OFFICER	40.00	Officer	$193,556	$23,019	$216,575
MELISSA HOLMES	CHIEF FIN & ADMIN OFFICER	40.00	Officer	$151,505	$6,535	$158,040
KELLY MONICATTI	VICE PRESIDENT OF SPORTS, HEALTH & SCHOOLS	40.00	Highest	$142,407	$3,744	$146,151
GREG VANSELOW	CHIEF OPERATING OFFICER	40.00	Highest	$147,897	$12,875	$160,772
KEAN CORKERY	VICE PRESIDENT OF SPECIAL EVENTS	40.00	Highest	$115,687	$3,021	$118,708
MARK ANDERSON	VICE PRESIDENT OF DEVELOPMENT	40.00	Highest	$113,428	$3,000	$116,428
KATIE HOWLETT	VICE PRESIDENT OF MARKETING & COMMUNCIATIONS	40.00	Highest	$103,793	$3,020	$106,813

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	$10,865,342	$10,575,898	$15,315,484	$289,444
2023	$9,699,700	$9,138,410	$14,501,366	$561,290
2022	$10,481,322	$7,700,568	$13,442,317	$2,780,754
2021	$6,797,730	$5,063,245	$9,674,309	$1,734,485
2020	$6,995,227	$5,483,520	$7,485,125	$1,511,707
2019	$7,579,996	$7,434,889	$5,835,978	$145,107
2018	$6,970,187	$6,995,700	$5,188,758	$-25,513

SPECIAL OLYMPICS MINNESOTA INC