MINNESOTA GENEALOGICAL SOCIETY (EIN 411298392) - 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

1969

Legal Domicile

Principal Officer

SHIRLEEN HOFFMAN

Phone

9529442012

Tax Period

2024-01-01 to 2024-12-31

MINNESOTA GENEALOGICAL SOCIETY, founded in 1969, is a small nonprofit that reported $151K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $324K exceeded revenue, resulting in a 115% operating deficit.

Mission

PROVIDE GENEALOGICAL EDUCATION, PUBLISH GENEALOGICAL ARTICLES AND MATERIALS AND SUPPORT A GENEALOGICAL RESEARCH LIBRARY FOR GROUP MEMBERS AND THE PUBLIC.

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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 $73,205

Program Service Revenue $31,110

Investment Income $43,930

Other Revenue $2,646

TOTAL REVENUE $150,891

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,167

Fundraising Expenses $0

Program Expenses $255,208

Other Expenses $271,565

TOTAL EXPENSES $323,732

Year-over-Year Comparison

	2024	2023	Change
Revenue	$150,891	$111,798	+0.3%
Expenses	$323,732	$309,345	+0.0%
Net Income	$-172,841	$-197,547	-0.1%

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

Volunteers

100

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHIRLEEN HOFFMAN	PRESIDENT	3.00	Officer	$0	$0	$0
DENNY KALVIG	TREASURER	10.00	Officer	$0	$0	$0
MIASIERRA PATTON	SECRETARY	1.00	Officer	$0	$0	$0
PHIL DREYER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MOBERLY	DIRECTOR	1.00	Director	$0	$0	$0
CAROLINE STROH	DIRECTOR	1.00	Director	$0	$0	$0
MIKE AMIDON	DIRECTOR	1.00	Director	$0	$0	$0
LYNN TENNEY	DIRECTOR	1.00	Director	$0	$0	$0
PAT KESSLER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID COHOES	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH WILLIAMS GOMOLL CG	DIRECTOR	1.00	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	$150,891	$323,732	$1,634,662	$-172,841
2023	$111,798	$309,345	$1,787,186	$-197,547
2022	$94,342	$268,601	$1,872,604	$-174,259
2021	$226,310	$254,094	$2,309,311	$-27,784
2020	$296,521	$235,524	$2,336,775	$60,997
2019	$353,408	$217,634	$2,278,568	$135,774
2018	$63,280	$243,935	$2,141,807	$-180,655

MINNESOTA GENEALOGICAL SOCIETY