Care Providers of Minnesota Foundation (EIN 411338651) - 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

Thomas Pearson

Phone

9528542844

Tax Period

2024-01-01 to 2024-12-31

Care Providers of Minnesota Foundation, founded in 1978, is a small nonprofit that reported $104K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Net assets of $552K represent 63 months of operating reserves.

Mission

Transform care & service delivery for seniors & persons with disabilities through education.

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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 $66,346

Program Service Revenue $13,800

Investment Income $17,013

Other Revenue $7,282

TOTAL REVENUE $104,441

Expense Breakdown

Grants Paid $43,007

Salaries & Benefits $0

Fundraising Expenses $592

Program Expenses $94,614

Other Expenses $60,627

TOTAL EXPENSES $103,634

Year-over-Year Comparison

	2024	2023	Change
Revenue	$104,441	$133,862	-0.2%
Expenses	$103,634	$114,136	-0.1%
Net Income	$807	$19,726	-1.0%

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
Thomas Toby J Pearson	President/CEO	0.25	Officer Director	$0	$0	$0
Noel Lovas	Chair	0.25	Officer Director	$0	$0	$0
Susan M Voigt	Vice Chair	0.25	Officer Director	$0	$0	$0
Sharon A St Mary	Treasurer/Secretary	0.25	Officer Director	$0	$0	$0
Heidi Freisinger	Trustee	0.25	Director	$0	$0	$0
Jenny Stromlund	Trustee	0.25	Director	$0	$0	$0
Melissa McCorquedale	Trustee	0.25	Director	$0	$0	$0
Elaine Vandenburgh	Trustee	0.25	Director	$0	$0	$0
Iris C Freeman	Trustee	0.25	Director	$0	$0	$0
Sharon Blomgren	Trustee	0.25	Director	$0	$0	$0
Gladys A Aakre	Trustee	0.25	Director	$0	$0	$0
Rajean Paul Moone	Trustee	0.25	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	$104,441	$103,634	$552,306	$807
2023	$133,862	$114,136	$531,247	$19,726
2022	$84,953	$110,959	$482,483	$-26,006
2021	$105,106	$124,385	$582,855	$-19,279
2020	$73,361	$58,243	$569,108	$15,118
2019	$94,115	$89,893	$513,854	$4,222
2019	$91,194	$86,972	$513,854	$4,222

Care Providers of Minnesota Foundation