MINNESOTA ADOPTION RESOURCE NETWORK (EIN 411382178) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

RACHEL WALSTAD

Phone

6128617115

Tax Period

2024-07-01 to 2025-06-30

MINNESOTA ADOPTION RESOURCE NETWORK, founded in 1980, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

TO FIND AND STRENGTHEN MINNESOTA ADOPTIVE, FOSTER CARE AND KINSHIP FAMILIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,598,506

Program Service Revenue $5,790

Investment Income $528

Other Revenue $-1,635

TOTAL REVENUE $3,603,189

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,016,006

Fundraising Expenses $24,719

Program Expenses $3,573,338

Other Expenses $1,641,897

TOTAL EXPENSES $3,657,903

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,603,189	$4,136,032	-0.1%
Expenses	$3,657,903	$4,047,967	-0.1%
Net Income	$-54,714	$88,065	-1.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

110

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

$113,901

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRADLEY WOLFE	CHAIR	2.00	Officer Director	$0	$0	$0
SHARON MARKOWITZ	CHAIR	2.00	Officer Director	$0	$0	$0
ERIC BECKER	TREASURER	2.00	Officer Director	$0	$0	$0
KATIE WALT	SECRETARY	2.00	Officer Director	$0	$0	$0
CATHY BRUER-THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
TAMARA KYHOS	DIRECTOR	1.00	Director	$0	$0	$0
SHAUN RIFFE	DIRECTOR	1.00	Director	$0	$0	$0
APRIL MILLER	DIRECTOR	1.00	Director	$0	$0	$0
LAURA CARROLL	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE THEIRL	DIRECTOR	1.00	Director	$0	$0	$0
KARA EASTLUND	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL WALSTAD	EXECUTIVE DIRECTOR	40.00	Officer	$110,656	$3,245	$113,901

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
2025	$3,603,189	$3,657,903	$704,004	$-54,714
2024	$4,136,032	$4,047,967	$527,424	$88,065
2023	$3,191,639	$3,190,011	$501,182	$1,628
2022	$2,535,026	$2,554,923	$315,710	$-19,897
2021	$2,256,693	$2,172,059	$363,551	$84,634
2020	$1,616,807	$1,563,233	$386,968	$53,574
2019	$1,315,683	$1,313,125	$358,040	$2,558
2018	$1,020,875	$1,014,890	$242,522	$5,985

MINNESOTA ADOPTION RESOURCE NETWORK