MINNESOTA HEALTH INFORMATION MANAGEMENT ASSOCIATION (EIN 411271069) - 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

SUSAN NATHE

Phone

3204916190

Tax Period

2023-07-01 to 2024-06-30

MINNESOTA HEALTH INFORMATION MANAGEMENT ASSOCIATION, founded in 1976, is a small nonprofit that reported $166K in total revenue in fiscal year 2023. Expenses of $213K exceeded revenue, resulting in a 28% operating deficit.

Mission

TO LEAD THE HEALTH INFORMATICS AND INFORMATION MANAGEMENT COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,086

Program Service Revenue $162,554

Investment Income $1,028

Other Revenue $538

TOTAL REVENUE $166,206

Expense Breakdown

Grants Paid $625

Salaries & Benefits $72,188

Fundraising Expenses $0

Other Expenses $140,196

TOTAL EXPENSES $213,009

Year-over-Year Comparison

	2023	2022	Change
Revenue	$166,206	$167,662	0.0%
Expenses	$213,009	$242,356	-0.1%
Net Income	$-46,803	$-74,694	-0.4%

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

N/A

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

$72,188

Total Directors

$72,188

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN NATHE	EXECUTIVE DI	20.00	Officer Director	$72,188	$0	$72,188
JOE BESSLER	DIRECTOR	0.25	Director	$0	$0	$0
NICHOLAS BUELOW	TREASURER	0.50	Officer Director	$0	$0	$0
LORI DIEDERICHS	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
KELLI DOBRAVA	SECRETARY	0.50	Officer Director	$0	$0	$0
BRANDI DURKIN	PRESIDENT	4.50	Officer Director	$0	$0	$0
ILENE ESTABROOK	DIRECTOR	0.25	Director	$0	$0	$0
LINDA FESHAMI	DIRECTOR	0.25	Director	$0	$0	$0
NYSSA FUHRECK	DELEGATE DIR	1.00	Director	$0	$0	$0
THERESA HONSEY	DELEGATE DIR	1.00	Director	$0	$0	$0
REGINA KRAUS	DIRECTOR	0.25	Director	$0	$0	$0
ALLISON MARTTILA	DIRECTOR	0.25	Director	$0	$0	$0
CHRISTY MAY	DELEGATE DIR	1.00	Director	$0	$0	$0
KATIE O'HEARN	DIRECTOR	0.25	Director	$0	$0	$0
VICKIE OLSON	DIRECTOR	0.25	Director	$0	$0	$0
WANETA PERKINS	DIRECTOR	0.25	Director	$0	$0	$0
BRENDA PESCHL	DIRECTOR	0.25	Director	$0	$0	$0
LETICIA SELMON	PRESIDENT EL	1.00	Director	$0	$0	$0
CHRISTINA SNAZA	DIRECTOR	0.50	Director	$0	$0	$0
JACKI WALTMAN	DIRECTOR	0.25	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	No data	No data	No data	No data
2024	$166,206	$213,009	$467,218	$-46,803
2023	$167,662	$242,356	$514,021	$-74,694
2022	$198,067	$221,231	$588,715	$-23,164
2021	$155,797	$94,358	$651,385	$61,439
2020	$197,749	$132,981	$566,710	$64,768
2019	$197,643	$176,035	$502,678	$21,608

MINNESOTA HEALTH INFORMATION MANAGEMENT ASSOCIATION