MINNESOTA COMMUNITY EDUCATION ASSN

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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

BOB SUMNER

Phone

3204552407

Tax Period

2024-01-01 to 2024-12-31

MINNESOTA COMMUNITY EDUCATION ASSN, founded in 1977, is a small nonprofit that reported $552K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $501K left a modest 9% surplus.

Mission

COMMUNITY EDUCATION - THE MINNESOTA COMMUNITY EDUCATION ASSOCIATION IS ESTABLISHED TO PROVIDE LEADERSHIP IN THE CREATION OF AN EDUCATIONAL ENVIRONMENT IN WHICH CITIZEN INVOLVEMENT AND LIFE-LONG LEARNING ARE ESSENTIAL.

Program Service Accomplishments

Program 1

Expenses: $105,269

EXPENSES ASSOCIATED WITH CONTINUING PROFESSIONAL DEVELOPMENT AND LEGISLATIVE ACTIVITIES ARE NOT DIRECTLY ALLOCATED TO THE VARIOUS PROGRAMS SPONSORED BY THE ASSOCIATION. THE ASSOCIATION PROVIDES A...

EXPENSES ASSOCIATED WITH CONTINUING PROFESSIONAL DEVELOPMENT AND LEGISLATIVE ACTIVITIES ARE NOT DIRECTLY ALLOCATED TO THE VARIOUS PROGRAMS SPONSORED BY THE ASSOCIATION. THE ASSOCIATION PROVIDES A DIRECTORY OF ITS MEMBERSHIP, PUBLICATIONS AND OTHER INFORMATION TO ITS MEMBERSHIP. THE ASSOCIATION PROVIDES A LEGISLATIVE UPDATE ON ISSUES RELATED TO COMMUNITY EDUCATION. IN ADDITION, THE ASSOCIATION PROMOTES AND SPONSORS OTHER MEMBERSHIP RELATED ACTIVITIES.

Program 2

Expenses: $80,965

THE ASSOCIATION HOSTS AN ANNUAL FALL CONFERENCE. THIS CONFERENCE PROVIDES MEMBERS WITH THE OPPORTUNITY TO RECEIVE AND SHARE INFORMATION, DISCUSS, AND LEARN ABOUT EMERGING ISSUES CONCERNING COMMUNITY EDUCATION. THE CONFERENCE WAS ATTENDED BY APPROXIMATELY 550 MEMBERS OF THE ASSOCIATION AND OTHER INTERESTED INDIVIDUALS.

Program 3

Expenses: $34,668

THE ASSOCIATION OFFERS A TWO DAY CONFERENCE ENCOURAGING MEMBERS TO BECOME BETTER LEADERS IN DEVELOPMENT AND DELIVERY OF COMMUNITY EDUCATION PROGRAMS IN THEIR RESPECTIVE COMMUNITIES. APPROXIMATELY 175 MEMBERS ATTENDED THIS CONFERENCE. IN ADDITION, THE ASSOCIATION PROVIDES A VARIETY OF REGIONAL INSERVICE WORKSHOPS THROUGHOUT THE STATE OF MINNESOTA. ATTENDEES DISCUSS AND RECEIVE UPDATED INFORMATION ON COMMUNITY EDUCATION ISSUES. ATTENDENCE VARIES DUE TO LOCATION OF WORKSHOPS.

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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 $235,250

Program Service Revenue $280,135

Investment Income $8,620

Other Revenue $27,808

TOTAL REVENUE $551,813

Expense Breakdown

Grants Paid $0

Salaries & Benefits $151,475

Fundraising Expenses $0

Program Expenses $220,902

Other Expenses $349,704

TOTAL EXPENSES $501,179

Year-over-Year Comparison

	2024	2023	Change
Revenue	$551,813	$619,759	-0.1%
Expenses	$501,179	$585,292	-0.1%
Net Income	$50,634	$34,467	+0.5%

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

N/A

Employees

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

$139,104

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW DICKHAUSEN	EXECUTIVE DIRECTOR	40.00	Key Emp	$139,104	$0	$139,104
BOB SUMNER	PRESIDENT	12.00	Officer Director	$0	$0	$0
RACHEL AMDAHL	PRESIDENT ELECT	5.00	Officer Director	$0	$0	$0
CARRIE CABE	PAST PRESIDENT	5.00	Officer Director	$0	$0	$0
KHIA BRUSE	SECRETARY	5.00	Officer Director	$0	$0	$0
ANNETTE SALLMAN	TREASURER	8.00	Officer Director	$0	$0	$0
ANN RIEBEL	DIRECTOR	2.00	Director	$0	$0	$0
ALEX WOLTER	DIRECTOR	2.00	Director	$0	$0	$0
ERIC ERLANDSON	DIRECTOR	2.00	Director	$0	$0	$0
LISA RAHN	DIRECTOR	2.00	Director	$0	$0	$0
KARI GORR	DIRECTOR	2.00	Director	$0	$0	$0
TIM MAURER	DIRECTOR	2.00	Director	$0	$0	$0
DYANN STORDAHL	DIRECTOR	2.00	Director	$0	$0	$0
KRISTAL BERG	DIRECTOR	2.00	Director	$0	$0	$0
NICOLE WILKE	DIRECTOR	2.00	Director	$0	$0	$0
NATE WARDEN	DIRECTOR	2.00	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	$551,813	$501,179	$661,635	$50,634
2023	$619,759	$585,292	$440,334	$34,467
2022	$383,909	$377,660	$439,767	$6,249
2021	$342,497	$326,069	$406,996	$16,428
2020	$218,958	$267,359	$372,865	$-48,401
2019	$529,098	$505,707	$469,283	$23,391
2018	$489,175	$461,999	$438,027	$27,176