RONALD MCDONALD HOUSE CHARITIES MIDWEST MN WI IA

EIN: 411344744 501(c)(3)

ROCHESTER, MN

Total Revenue
$6,663,921
Total Expenses
$3,735,088
Total Assets
$30,632,069
Net Assets
$30,440,242
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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
MN
Principal Officer
NICK MUELLER
Phone
5072823955
Tax Period
2024-01-01 to 2024-12-31

RONALD MCDONALD HOUSE CHARITIES MIDWEST MN WI IA, founded in 1979, is a community nonprofit that reported $6.7M in total revenue in fiscal year 2024. Revenue surged 80% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 44% operating margin.

Mission

TO PROVIDE A "HOME AWAY FROM HOME AND SUPPORT FAMILIES SEEKING MEDICAL CARE FOR THEIR CHILDREN.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,456,581
Program Service Revenue $217,051
Investment Income $707,634
Other Revenue $282,655
TOTAL REVENUE $6,663,921

Expense Breakdown

Grants Paid $1,500
Salaries & Benefits $1,539,523
Fundraising Expenses $287,470
Program Expenses $3,199,641
Other Expenses $2,194,065
TOTAL EXPENSES $3,735,088

Year-over-Year Comparison

2024 2023 Change
Revenue $6,663,921 $3,706,517 +0.8%
Expenses $3,735,088 $3,607,246 +0.0%
Net Income $2,928,833 $99,271 +28.5%
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

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Governance

Voting Members
25
Independent Members
25
Employees
27
Volunteers
265

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
6
$206,331
Total Directors
25
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COREY HEIMER PAST CHAIR 0.30
Officer Director
$0 $0 $0
ASHTON BOON BOARD CHAIR 0.30
Officer Director
$0 $0 $0
CHRIS RYAN TREASURER 0.30
Officer Director
$0 $0 $0
LINDSAY YOUNG SECRETARY 0.30
Officer Director
$0 $0 $0
JEFF BROWN VICE CHAIR 0.30
Officer Director
$0 $0 $0
HILARY R STONELAKE-CURTIS DIRECTOR 0.10
Director
$0 $0 $0
KATHY LOMBARDO DIRECTOR 0.12
Director
$0 $0 $0
MIKE GYARMATY DIRECTOR 0.12
Director
$0 $0 $0
CRAIG DANIELS DIRECTOR 0.12
Director
$0 $0 $0
BRUCE BONNICKSEN DIRECTOR 0.12
Director
$0 $0 $0
F KENNETH ACKERMAN DIRECTOR 0.12
Director
$0 $0 $0
BRIAN LEARY DIRECTOR 0.12
Director
$0 $0 $0
WENDY LOMMEN DIRECTOR 0.12
Director
$0 $0 $0
BRIAN ELLSWORTH DIRECTOR 0.12
Director
$0 $0 $0
JACOB MALWITZ DIRECTOR 0.12
Director
$0 $0 $0
CHRIS COLBY DIRECTOR 0.12
Director
$0 $0 $0
ED STANLEY DIRECTOR 0.12
Director
$0 $0 $0
MICHELLE FAGAN DIRECTOR 0.30
Director
$0 $0 $0
AL KUBLY DIRECTOR 0.12
Director
$0 $0 $0
NADIA LAACK DIRECTOR 0.12
Director
$0 $0 $0
KATIE POST DIRECTOR 0.12
Director
$0 $0 $0
JILL ROCK DIRECTOR 0.30
Director
$0 $0 $0
MIKE ZINSER DIRECTOR 0.12
Director
$0 $0 $0
BECKY WENDLAND DIRECTOR 0.12
Director
$0 $0 $0
ELTON MOSMAN DIRECTOR 0.12
Director
$0 $0 $0
NICK MUELLER CHIEF EXECUTIVE OFFICER 40.00
Officer
$178,896 $27,435 $206,331
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 $6,663,921 $3,735,088 $30,632,069 $2,928,833
2023 $3,706,517 $3,607,246 $27,352,347 $99,271
2022 $4,440,454 $3,223,303 $26,472,033 $1,217,151
2021 $3,630,445 $2,940,166 $26,737,423 $690,279
2020 $2,632,279 $2,644,340 $26,262,087 $-12,061
2019 $2,075,728 $2,597,802 $25,569,126 $-522,074
2019 $2,075,728 $2,597,802 $25,569,126 $-522,074
2018 $6,522,553 $1,910,004 $25,283,676 $4,612,549
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