MINNESOTA LAW ENFORCEMENT MEMORIAL ASSOCIATION (EIN 411284042) - 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

1974

Legal Domicile

Principal Officer

BRIAN HUBBARD

Phone

9524068872

Tax Period

2024-01-01 to 2024-12-31

MINNESOTA LAW ENFORCEMENT MEMORIAL ASSOCIATION, founded in 1974, is a small nonprofit that reported $204K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring.

Mission

ORGANIZATIONS MISSION OR MOST SIGNIFICANT ACTIVITIES PROVIDE MEMORIALS FOR POLICE OFFICERS SLAIN IN THE LIN OF DUTY, PROVIDE ASSISTANCE FOR THEIR FAMILIES, PROVIDE TRAINING FOR POLICE HONOR GUARD UNITS, ASSIST DEPARTMENT WITH FUNERAL ARRANGEMENTS AND MEMORIAL ACTIVITIES

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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 $203,701

Program Service Revenue $0

Investment Income $27

Other Revenue $0

TOTAL REVENUE $203,728

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,415

Program Expenses $194,523

Other Expenses $208,187

TOTAL EXPENSES $212,602

Year-over-Year Comparison

	2024	2023	Change
Revenue	$203,728	$367,446	-0.4%
Expenses	$212,602	$199,025	+0.1%
Net Income	$-8,874	$168,421	-1.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DAVID HOLMQUIST	DIRECTOR	Director	$0	$0	$0
DAVID CARLSON	DIRECTOR	Director	$0	$0	$0
LYNN CRONQUIST	DIRECTOR	Director	$0	$0	$0
JOE NEUBERGER	DIRECTOR	Director	$0	$0	$0
SCOTT ROSE	DIRECTOR	Director	$0	$0	$0
KEVIN TORGERSON	DIRECTOR	Director	$0	$0	$0
DAN VICKMARK	DIRECTOR	Director	$0	$0	$0
MIKE RISVOLD	DIRECTOR	Director	$0	$0	$0
PAT CHELMO	DIRECTOR	Director	$0	$0	$0
BRIAN WICKE	DIRECTOR	Director	$0	$0	$0
GREG DAHLSTROM	DIRECTOR	Director	$0	$0	$0
JOE HAIDER	DIRECTOR	Director	$0	$0	$0
INTERNA KIM	DIRECTOR	Director	$0	$0	$0
BRIAN HUBBARD	PRESIDENT	Officer Director	$0	$0	$0
JIM FELT	VICE PRESIDENT	Officer Director	$0	$0	$0
KRISTI HANSON	TREASURER	Officer Director	$0	$0	$0
DAVE BECKER	SECRETARY	Officer 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
2024	$203,728	$212,602	$327,928	$-8,874
2023	$367,446	$199,025	$336,802	$168,421
2022	$184,667	$181,044	$168,381	$3,623
2021	$120,854	$152,612	$165,758	$-31,758
2020	$140,520	$79,563	$196,516	$60,957
2019	$225,041	$153,262	$135,559	$71,779
2018	$137,555	$204,741	$63,780	$-67,186

MINNESOTA LAW ENFORCEMENT MEMORIAL ASSOCIATION