MINNDEPENDENT

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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

1976

Legal Domicile

Principal Officer

TIMOTHY BENZ

Phone

6512976716

Tax Period

2024-07-01 to 2025-06-30

MINNDEPENDENT, founded in 1976, is a small nonprofit in the Education sector that reported $729K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $699K left a modest 4% surplus.

Mission

MINNDEPENDENT CONNECTS AND STRENGTHENS MINNESOTA'S PRIVATE AND INDEPENDENT SCHOOLS THROUGH PROGRAMMING, PARTNERSHIPS AND PUBLIC POLICY SO MEMBERS CAN BE STUDENT-CENTERED AND MISSION-DRIVEN.OUR VISION IS A VIBRANT EDUCATIONAL ECOSYSTEM THAT PROMOTES SUCCESS FOR ALL MINNESOTA STUDENTS.WE CREATE MEANINGFUL PROFESSIONAL DEVELOPMENT OPPORTUNITIES AND RESOURCES FOR EDUCATORS, EDUCATIONAL LEADERS AND SCHOOL COMMUNITIES TO BUILD EXCEPTIONAL SCHOOLS AND DELIVER HIGH-QUALITY EDUCATION FOR ALL STUDENTS.WE FOSTER AUTHENTIC RELATIONSHIPS WITH FUNDERS, BUSINESSES AND COMMUNITY ORGANIZATIONS ON BEHALF OF MEMBER SCHOOLS, RESULTING IN GRANTS, IN-KIND SERVICES AND PROFESSIONAL RESOURCES.WE ADVOCATE WITH A FOCUSED AND UNITED VOICE FOR THE INTERESTS OF PRIVATE AND INDEPENDENT SCHOOLS, ENSURING THAT LOCAL AND STATE POLICY MAKERS WILL UNDERSTAND AND SUPPORT POLICIES AND PRACTICES THAT STRENGTHEN MINNESOTA'S PRIVATE AND INDEPENDENT SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $156,316 Revenue: $36,645

MINNDEPENDENT EMPOWERS SCHOOLS TO FULFILL THEIR MISSIONS BY CONNECTING THEM TO OPPORTUNITIES FOR FUNDING, SUPPORT AND KNOW-HOW TO EXPAND AND IMPROVE THEIR STEM OR OTHER HIGH-PRIORITY...

MINNDEPENDENT EMPOWERS SCHOOLS TO FULFILL THEIR MISSIONS BY CONNECTING THEM TO OPPORTUNITIES FOR FUNDING, SUPPORT AND KNOW-HOW TO EXPAND AND IMPROVE THEIR STEM OR OTHER HIGH-PRIORITY PROGRAMS.MINNDEPENDENT'S STEM PROGRAM HAS THREE COMPONENTS: (1) STEM GRANTS THAT SUPPORT SCHOOLS TO CREATE, IMPROVE AND EXPAND STEM OFFERINGS FOR STUDENTS BY PROVIDING FUNDING FOR MATERIALS, CURRICULUM DEVELOPMENT, AND TRAINING; (2) PROFESSIONAL DEVELOPMENT THAT PREPARES TEACHERS TO PROVIDE HIGH-QUALITY AND EVIDENCE-BASED STEM LEARNING EXPERIENCES, AND (3) COMMUNITY PARTNERSHIPS THAT ENSURE MEMBER SCHOOLS HAVE ACCESS TO HIGH-QUALITY PROGRAMS AND RESOURCES.MINNDEPENDENT HOSTS AN ANNUAL STEM EDUCATION CONFERENCE FOR PRIVATE & INDEPENDENT SCHOOL STAFF. IN AUGUST 2024, 79 EDUCATORS ATTENDED THE STEM EDUCATION CONFERENCE. THE COMMUNITY PARTNERSHIP PROGRAM FACILITATES STEM PROGRAMMING AT SCHOOLS WITH LIMITED ACCESS TO RESOURCES THROUGH PARTNERSHIPS WITH THE FOLLOWING COMMUNITY PARTNERS, (SCIENCE FROM SCIENTISTS - 8 SCHOOLS), AND (WE SHARE SOLAR- 9 SCHOOLS). IN APRIL 2025, THE MINNDEPENDENT STEM GRANT PROGRAM AWARDED 17 SCHOOLS A TOTAL OF $47,918 IN STEM GRANTS. MINNDEPENDENT HAS AWARDED OVER $1.7 MILLION IN STEM SUPPORT TO MEMBER SCHOOLS SINCE THE PROGRAM BEGAN IN 2008.

Program 2

Expenses: $141,667 Revenue: $214,613

MINNDEPENDENT MEMBERSHIP CONSISTED OF 181 SCHOOLS SERVING 41,352 STUDENTS. TOTAL MEMBERSHIP CONSISTED OF 95 SCHOOLS THAT SERVE ELEMENTARY GRADES (K-8), 21 SCHOOLS THAT SERVE GRADES (K-12), 4 SCHOOLS THAT SERVE GRADES (7-12), 20 SCHOOLS THAT SERVE HIGH SCHOOL GRADES (9-12), AND 41 SCHOOLS THAT SERVE UNIQUE GRADE RANGES (K-12). SINCE 1976, MINNDEPENDENT HAS FOCUSED ON THE STRENGTH AND VITALITY OF THE INDEPENDENT SCHOOL COMMUNITY IN MINNESOTA, A COMMUNITY THAT SERVES NEARLY 73,000 STUDENTS. WE RESPECT THE AUTONOMY OF EACH SCHOOL WHILE RECOGNIZING THEIR SHARED DESIRE FOR SUPPORT. WE BRING MEMBER SCHOOLS TOGETHER FOR CONNECTION, COLLABORATION, CAPACITY BUILDING, CRITICAL RESOURCE ACCESS, AND COLLECTIVE ACTION.

Program 3

Expenses: $107,893

OUR PROFESSIONAL DEVELOPMENT PROGRAM MATCHES SCHOOLS WITH EXCEPTIONAL CONTENT PROVIDERS TO INSPIRE LEARNING, FUEL INNOVATION AND CREATE TRANSFORMATIVE EDUCATION EXPERIENCES THAT CONVEY BEST PRACTICES AND ADDRESS CHALLENGES IMPACTING THE SECTOR. DURING 2023-2024, MINNDEPENDENT HOSTED 6 PROFESSIONAL DEVELOPMENT WEBINARS, AND CONTINUED TO PROVIDE TIMELY GUIDANCE SPECIFIC TO COVID-19 FUNDING AND EQUITABLE SERVICES. MORE THAN 200 SCHOOL LEADERS AND STAFF FROM THE STATE'S K-12 PRIVATE AND INDEPENDENT SCHOOLS PARTICIPATED IN THE WEBINARS. THE SCHOOL LEADERSHIP CONFERENCE WAS HELD IN SEPTEMBER, 2024 AND ENGAGED SEVENTY SIX (76)SCHOOL LEADERS AND ADMINISTRATORS FOR EXCEPTIONAL LEARNING OPPORTUNITIES. IN APRIL, 2025, MINNDEPENDENT HOSTED THE 17TH ANNUAL PRIVATE & INDEPENDENT EDUCATION AWARDS AND DISTRIBUTED THE FOLLOWING AWARDS: 2 - HONOR TEACHERS (K-12), LEADERSHIP (K-8) LEADERSHIP (9-12), COMMUNITY CHAMPION, BEHIND THE SCENES AND PROGRAM AWARD.

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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 $446,961

Program Service Revenue $251,258

Investment Income $30,315

Other Revenue $0

TOTAL REVENUE $728,534

Expense Breakdown

Grants Paid $44,355

Salaries & Benefits $346,807

Fundraising Expenses $59,807

Program Expenses $469,290

Other Expenses $307,345

TOTAL EXPENSES $698,507

Year-over-Year Comparison

	2024	2023	Change
Revenue	$728,534	$882,073	-0.2%
Expenses	$698,507	$653,800	+0.1%
Net Income	$30,027	$228,273	-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

$175,389

Total Directors