Minnesota Humanities Center (EIN 411322769) - 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

1979

Legal Domicile

Principal Officer

Kevin Lindsey

Phone

6517724291

Tax Period

2023-11-01 to 2024-10-31

Minnesota Humanities Center, founded in 1979, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2023. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $9.9M exceeded revenue, resulting in a 52% operating deficit.

Mission

To spark positive change by increasing collective understanding of ourselves, our communities, and our histories through stories and experiences.

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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 $5,435,056

Program Service Revenue $902,001

Investment Income $182,437

Other Revenue $-20,724

TOTAL REVENUE $6,498,770

Expense Breakdown

Grants Paid $4,201,323

Salaries & Benefits $2,455,642

Fundraising Expenses $176,739

Program Expenses $8,025,155

Other Expenses $3,239,541

TOTAL EXPENSES $9,896,506

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,498,770	$23,707,380	-0.7%
Expenses	$9,896,506	$9,405,048	+0.1%
Net Income	$-3,397,736	$14,302,332	-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

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

$480,705

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Lindsey	CEO	40.00	Officer	$202,973	$30,223	$233,196
Johua Ney	Chair	1.00	Officer Director	$0	$0	$0
Mattie Harper DeCarlo	Vice Chair	1.00	Officer Director	$0	$0	$0
Sherry Sanchez Tibbetts	Secretary	1.00	Officer Director	$0	$0	$0
Lynne K Leaf	Treasurer	1.00	Officer Director	$0	$0	$0
Nancy Aronson Norr	Director	1.00	Director	$0	$0	$0
Michelle Bauer	Director	1.00	Director	$0	$0	$0
Julie Brock	Director	1.00	Director	$0	$0	$0
Will Cooley	Director	1.00	Director	$0	$0	$0
Dr Marcheta Evans	Director	1.00	Director	$0	$0	$0
Dr Antonia Felix	Director	1.00	Director	$0	$0	$0
Dr J Wes Flinn	Director	1.00	Director	$0	$0	$0
David Hamlar	Director	1.00	Director	$0	$0	$0
Mary L Hilfiker	Director	1.00	Director	$0	$0	$0
Amina Jaafar PhD	Director	1.00	Director	$0	$0	$0
Kirsten Johnson	Director	1.00	Director	$0	$0	$0
Matt Kuskie	Director	1.00	Director	$0	$0	$0
Warren Larson	Director	1.00	Director	$0	$0	$0
Kristie Lazenberry	Director	1.00	Director	$0	$0	$0
Dr Matt Lindstrom	Director	1.00	Director	$0	$0	$0
Dr Carter Meland	Director	1.00	Director	$0	$0	$0
Jordan Metsa	Director	1.00	Director	$0	$0	$0
Jessica O'Brien	Director	1.00	Director	$0	$0	$0
Rebecca Lynn Petersen	Director	1.00	Director	$0	$0	$0
Carolyn Roby	Director	1.00	Director	$0	$0	$0
Kim Schaufenbuel	Director	1.00	Director	$0	$0	$0
Jay Sieling	Director	1.00	Director	$0	$0	$0
MayKao Fredericks	CHO	40.00	Officer	$112,857	$3,348	$116,205
Aby John	COO	40.00	Officer	$125,049	$6,255	$131,304
Casey Demarais	Director of Stratagy	40.00	Highest	$116,878	$6,825	$123,703
Rose McGee	Humanities Griot	40.00	Highest	$118,296	$28,027	$146,323

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	$6,498,770	$9,896,506	$27,594,386	$-3,397,736
2023	$23,707,380	$9,405,048	$30,568,198	$14,302,332
2022	$4,358,206	$9,329,918	$16,154,392	$-4,971,712
2021	$14,832,976	$8,259,023	$22,466,509	$6,573,953
2020	$2,258,980	$8,032,122	$15,490,899	$-5,773,142
2019	$9,859,449	$8,701,854	$21,480,825	$1,157,595
2018	$14,468,573	$8,962,768	$20,244,762	$5,505,805

Minnesota Humanities Center