MINNESOTA ACADEMY OF PHYSICIAN ASS… - Form 990 Financial Data

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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

1977

Legal Domicile

Principal Officer

KIMBERLY LAKHAN

Phone

7574738701

Tax Period

2023-07-01 to 2024-06-30

MINNESOTA ACADEMY OF PHYSICIAN ASSISTANTS, founded in 1977, is a small nonprofit that reported $215K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring.

Mission

THE MISSION OF THE MINNESOTA ACADEMY OF PHYSICIAN ASSISTANTS IS TO PROMOTE THE PA PROFESSION IN MINNESOTA BY REPRESENTING OUR COLLECTIVE VOICE AND EMPOWERING OUR MEMBERS TO PROVIDE QUALITY AND ACCESSIBLE HEALTH CARE FOR OUR DIVERSE COMMUNITIES.

Program Service Accomplishments

Program 1

FALL EDUCATION CONFERENCE TO PROVIDE INFORMATION AND EDUCATION TO PHYSICIAN ASSISTANTS.

Program 2

SPRING EDUCATION CONFERENCE TO PROVIDE INFORMATION AND EDUCATION TO PHYSICIAN ASSISTANTS.

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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 $8,400

Program Service Revenue $183,506

Investment Income $2,536

Other Revenue $20,149

TOTAL REVENUE $214,591

Expense Breakdown

Grants Paid $1,200

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $234,418

TOTAL EXPENSES $235,618

Year-over-Year Comparison

	2023	2022	Change
Revenue	$214,591	$302,723	-0.3%
Expenses	$235,618	$270,135	-0.1%
Net Income	$-21,027	$32,588	-1.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRITTANY STRELOW	PRESIDENT	2.00	Officer Director	$0	$0	$0
CLINTON BILLHORN	PRESIDENT-ELECT	2.00	Officer Director	$0	$0	$0
CAROLYN JAHR	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
KIMBERLY LAKHAN	TREASURER	2.00	Officer Director	$0	$0	$0
VANESSA BESTER	SECRETARY	2.00	Officer Director	$0	$0	$0
KATARINA ASTRUP	DIRECTOR	2.00	Director	$0	$0	$0
RYAN KINGSLEY	DIRECTOR	2.00	Director	$0	$0	$0
HAYDEN MIDDLETON	DIRECTOR	2.00	Director	$0	$0	$0
DANIELLE O'LAUGHLIN	DIRECTOR	2.00	Director	$0	$0	$0
LISA NOON	EXECUTIVE DIRECTOR THRU 1/2024	15.00	Officer	$0	$0	$0
SU THONGPAN	EXECUTIVE DIRECTOR FROM 2/2024	15.00	Officer	$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	$214,591	$235,618	$362,153	$-21,027
2023	$302,723	$270,135	$329,648	$32,588
2022	$240,926	$200,134	$301,673	$40,792
2021	$210,254	$156,323	$281,264	$53,931
2020	$207,474	$165,217	$210,089	$42,257

MINNESOTA ACADEMY OF PHYSICIAN ASSISTANTS