ABLE INC (EIN 411346863) - 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

LEE WALRAVEN

Phone

5078958111

Tax Period

2023-01-01 to 2023-12-31

ABLE INC, founded in 1979, is a community nonprofit in the Human Services sector that reported $6.0M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $6.9M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE RESIDENTIAL CARE FOR DEVELOPMENTALLY DISABLED MINNESOTA RESIDENTS.

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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 $34,248

Program Service Revenue $5,520,130

Investment Income $490,457

Other Revenue $-467

TOTAL REVENUE $6,044,368

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,218,072

Fundraising Expenses $0

Program Expenses $5,900,882

Other Expenses $1,650,671

TOTAL EXPENSES $6,868,743

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,044,368	$6,834,763	-0.1%
Expenses	$6,868,743	$6,528,033	+0.1%
Net Income	$-824,375	$306,730	-3.7%

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

188

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

$258,743

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT KEMMER	PRESIDENT	2.00	Officer Director	$0	$0	$0
ERIC MINOR	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
HEIDI HARMS	TREASURER	2.00	Officer Director	$0	$0	$0
ANNE TRNKA	SECRETARY	2.00	Officer Director	$0	$0	$0
CATHLEEN SWENDSEN	DIRECTOR	2.00	Director	$0	$0	$0
SHANNON STRENCHA	DIRECTOR	2.00	Director	$0	$0	$0
EMILY WIESER	DIRECTOR	2.00	Director	$0	$0	$0
GAIL MEYER	FORMER EXEC. DIRECTOR	25.00	Officer	$102,618	$18,014	$120,632
KRISTA COEY BERNAU	EXECUTIVE DIRECTOR	45.00	Officer	$132,377	$5,734	$138,111

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	No data	No data	No data	No data
2023	$6,044,368	$6,868,743	$9,425,243	$-824,375
2022	$6,834,763	$6,528,033	$10,589,524	$306,730
2021	$6,799,396	$6,457,494	$10,754,285	$341,902
2020	$7,196,159	$6,913,701	$10,160,514	$282,458
2019	$7,108,066	$6,956,112	$9,990,879	$151,954
2018	$7,138,925	$7,129,777	$9,726,066	$9,148

ABLE INC