RESIDENTIAL SERVICES OF NORTHEASTERN MINNESOTA INC (EIN 411296663) - 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

1978

Legal Domicile

Principal Officer

JON NELSON

Phone

2187407606

Tax Period

2024-01-01 to 2024-12-31

RESIDENTIAL SERVICES OF NORTHEASTERN MINNESOTA INC, founded in 1978, is a mid-sized nonprofit in the Human Services sector that reported $25.2M in total revenue in fiscal year 2024.

Mission

ENHANCING THE LIVES OF PEOPLE WITH DISABILITIES BY PROVIDING INNOVATIVE SERVICES THAT PROMOTE INCLUSION AND SELF-DETERMINATION.

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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 $179,564

Program Service Revenue $24,798,510

Investment Income $130,221

Other Revenue $57,565

TOTAL REVENUE $25,165,860

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,828,342

Fundraising Expenses $0

Program Expenses $22,561,894

Other Expenses $4,131,764

TOTAL EXPENSES $24,960,106

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,165,860	$23,440,623	+0.1%
Expenses	$24,960,106	$24,706,803	+0.0%
Net Income	$205,754	$-1,266,180	-1.2%

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

721

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

$398,685

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM GROSS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JULIE PADILLA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LEIGH WRIGHT	SECRETARY	1.00	Officer Director	$0	$0	$0
ALISHA RIEDEL	TREASURER	1.00	Officer Director	$0	$0	$0
PAM BJORKLUND	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDY FOSTER	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER GARBER	BOARD MEMBER	1.00	Director	$0	$0	$0
JON NELSON	EXECUTIVE DIRECTOR	40.00	Officer	$230,652	$27,457	$258,109
TUYET ROVANG	FINANCE DIRECTOR	40.00	Officer	$93,733	$46,843	$140,576

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	$25,165,860	$24,960,106	$12,983,124	$205,754
2023	$23,440,623	$24,706,803	$12,047,415	$-1,266,180
2022	$23,215,134	$23,278,724	$12,958,678	$-63,590
2021	$23,044,968	$21,667,080	$13,247,584	$1,377,888
2020	$20,741,883	$19,987,022	$14,200,603	$754,861
2019	$18,089,720	$18,356,212	$10,797,567	$-266,492
2018	$19,022,706	$18,338,554	$11,136,983	$684,152

RESIDENTIAL SERVICES OF NORTHEASTERN MINNESOTA INC