MINNDEPENDENT (EIN 411267531) - 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

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

CONNECT AND STRENGTHEN MINNESOTA'S INDEPENDENT SCHOOLS THROUGH EXCEPTIONAL TRAINING, RESOURCES, AND ADVOCACY SO THEY CAN BE STUDENT-CENTERED AND MISSION DRIVEN.

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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

$175,389

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL LAMB	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KATE WOLLAN	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
BRIAN LYNCH	TREASURER	1.00	Officer Director	$0	$0	$0
TIM BENZ	PRESIDENT	40.00	Officer Director	$165,584	$9,805	$175,389
JENNIFER CASSIDY	BOARD MEMBER	0.50	Director	$0	$0	$0
SHANA DUININCK	BOARD MEMBER	0.50	Director	$0	$0	$0
JOSH KILLIAN	BOARD MEMBER	0.50	Director	$0	$0	$0
JOEL LANDSKROENER	BOARD MEMBER	0.50	Director	$0	$0	$0
HEIDI GALLUS	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL BRENNAN	BOARD MEMBER	0.50	Director	$0	$0	$0
DR TIMOTHY BERNER	BOARD MEMBER	0.50	Director	$0	$0	$0
DEAN BROADHEAD	BOARD MEMBER	0.50	Director	$0	$0	$0
BLAKE NELSON	BOARD MEMBER	0.25	Director	$0	$0	$0
KELLY REGAN	BOARD MEMBER	0.50	Director	$0	$0	$0
JIM HANSEN	BOARD MEMBER	0.50	Director	$0	$0	$0
TERI MCCLOUGHAN	BOARD MEMBER	0.50	Director	$0	$0	$0
ANNA LIMA	BOARD MEMBER	0.50	Director	$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
2025	$728,534	$698,507	$960,045	$30,027
2024	$882,073	$653,800	$946,112	$228,273
2023	$813,152	$682,197	$724,044	$130,955
2022	$725,130	$637,126	$542,888	$88,004
2020	$761,993	$781,270	$507,391	$-19,277
2019	$546,620	$702,175	$420,520	$-155,555
2018	$899,436	$696,589	$563,389	$202,847

MINNDEPENDENT