MINNESOTA HEALTH INFORMATION MANAGEMENT ASSOCIATION

EIN: 411271069

WADENA, MN

Total Revenue
$166,206
Total Expenses
$213,009
Total Assets
$467,218
Net Assets
$467,218
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
MN
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

THE PRIMARY PURPOSE OF MNHIMA AS A MEMBER ASSOCIATION IS TO COMMIT TO EXCELLENCE IN THE MANAGEMENT OF HEALTH INFORMATION FOR THE BENEFIT OF PATIENTS AND PROVIDERS. ITS MISSION IS TO LEAD THE HEALTH INFORMATICS AND INFORMATION MANAGEMENT COMMUNITY TO ADVANCE PROFESSIONAL PRACTICE.

Program Service Accomplishments

Program 1

WE PROVIDED AN ANNUAL MEETING WITH 16 CEUS FOR THE MEMBERS OVER 3 DAYS. THE MEETING WAS HELD IN PERSON WITH OVER 250 ATTENDEES AND 25 VENDORS.

Program 2

DEVELOP AND PRODUCE AN ELECTRONIC LEGAL REFERENCE MANUAL FOR THE USE IN HEALTHCARE FACILITIES IN MINNESOTA.

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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%)

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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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
60

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
5
$72,188
Total Directors
20
$72,188
Key Employees
0
$0
Highest Compensated
0
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
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