HEALTHCARE LEADERS ASSOCIATION OF MINNESOTA INC (EIN 411350035) - 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

1973

Legal Domicile

Principal Officer

RACHAEL PERLINGER

Phone

6519996800

Tax Period

2023-01-01 to 2023-12-31

HEALTHCARE LEADERS ASSOCIATION OF MINNESOTA INC, founded in 1973, is a small nonprofit that reported $331K in total revenue in fiscal year 2023.

Mission

PROMOTE THE PROFESSIONAL GROWTH, DEVELOPMENT, AND VISIBILITY OF MEDICAL GROUP PRACTICE PROFESSIONALS.

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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 $4,575

Program Service Revenue $324,700

Investment Income $1,171

Other Revenue $125

TOTAL REVENUE $330,571

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $350,650

TOTAL EXPENSES $350,650

Year-over-Year Comparison

	2023	2022	Change
Revenue	$330,571	$338,559	0.0%
Expenses	$350,650	$381,008	-0.1%
Net Income	$-20,079	$-42,449	-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

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
RACHAEL PERLINGER	PRESIDENT	2.00	Officer Director	$0	$0	$0
JANET BENTON	SECRETARY / TREASURER	2.00	Officer Director	$0	$0	$0
MIKE FOLEY	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
MELISSA LARSON	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
LISA LALIBERTE	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA REINHARDT	DIRECTOR	1.00	Director	$0	$0	$0
MATT BRANDT	DIRECTOR	1.00	Director	$0	$0	$0
DENISE SCHNEEKLOTH	DIRECTOR	1.00	Director	$0	$0	$0
TONY BENUSA	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE KLINE	DIRECTOR	1.00	Director	$0	$0	$0
TIM KRATZKE	DIRECTOR	1.00	Director	$0	$0	$0
KRISTI BESSE	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$330,571	$350,650	$131,286	$-20,079
2022	$338,559	$381,008	$201,433	$-42,449
2021	$209,417	$264,351	$272,638	$-54,934
2020	$278,020	$321,966	$288,466	$-43,946
2019	$399,066	$424,907	$367,338	$-25,841
2018	$419,157	$419,743	$388,620	$-586

HEALTHCARE LEADERS ASSOCIATION OF MINNESOTA INC