MINNESOTA QUILTERS INC (EIN 411335108) - 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

WENDY KIESER

Phone

6512243572

Tax Period

2023-10-01 to 2024-09-30

MINNESOTA QUILTERS INC, founded in 1978, is a small nonprofit in the Recreation & Sports sector that reported $366K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO FURTHER THE PRESERVATION OF QUILTING, TO EDUCATE, AND TO DOCUMENT THE CRAFT OF QUILTING IN MINNESOTA.

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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 $12,978

Program Service Revenue $316,439

Investment Income $1,033

Other Revenue $35,890

TOTAL REVENUE $366,340

Expense Breakdown

Grants Paid $33,906

Salaries & Benefits $89,094

Fundraising Expenses $0

Program Expenses $262,857

Other Expenses $250,631

TOTAL EXPENSES $373,631

Year-over-Year Comparison

	2023	2022	Change
Revenue	$366,340	$325,244	+0.1%
Expenses	$373,631	$377,096	0.0%
Net Income	$-7,291	$-51,852	-0.9%

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

250

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
WENDY KIESER	PRESIDENT	10.00	Officer Director	$0	$0	$0
WYNN MARTIN	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
MARCY HUGGINS	TREASURER	7.00	Officer Director	$0	$0	$0
DEB NORSTEN	SECRETARY	2.00	Officer Director	$0	$0	$0
MAUREEN OHLAND	OPERATIONS DIRECTOR	2.00	Officer Director	$0	$0	$0
REGINA ZEDELL	CONMMUNICATIONS DIRECTOR	2.00	Director	$0	$0	$0
SARAH PARKER	EDUCATION DIRECTOR	2.00	Director	$0	$0	$0
KAREN ROOT	MEMBERSHIP DIRECTOR	2.00	Director	$0	$0	$0
TINA ROHDE	MEMBERSHIP 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	$366,340	$373,631	$207,540	$-7,291
2023	$325,244	$377,096	$193,808	$-51,852
2022	$402,463	$391,892	$233,470	$10,571
2021	$245,241	$242,752	$261,881	$2,489
2020	$89,146	$209,239	$313,068	$-120,093
2018	$465,736	$410,880	$351,929	$54,856

MINNESOTA QUILTERS INC