SOUTHEASTERN MINNESOTA AREA AGENCY ON AGING INC

EIN: 411410669 501(c)(3)

ROCHESTER, MN

Total Revenue
$6,628,870
Total Expenses
$6,583,714
Total Assets
$2,000,849
Net Assets
$972,888
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
MN
Principal Officer
LAURIE BROWNELL
Phone
5072886944
Tax Period
2023-01-01 to 2023-12-31

SOUTHEASTERN MINNESOTA AREA AGENCY ON AGING INC, founded in 1981, is a community nonprofit that reported $6.6M in total revenue in fiscal year 2023.

Mission

TO HELP OLDER ADULTS AGE SUCCESSFULLY WHILE MAINTAINING THEIR DIGNITY AND INDEPENDENCE IN THE COMMUNITY THROUGH INFORMED CHOICES. THIS MISSION IS ACCOMPLISHED THROUGH FEDERAL AND STATE GRANTS AWARDED TO CONTRACTORS WHO PROVIDE SOCIAL SERVICES, CAREGIVER SUPPORT SERVICES, NUTRITION PROGRAMS AND CHRONIC DISEASE MANAGEMENT ACTIVITIES.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,542,552
Program Service Revenue $71,803
Investment Income $14,515
Other Revenue $0
TOTAL REVENUE $6,628,870

Expense Breakdown

Grants Paid $3,296,729
Salaries & Benefits $1,773,780
Fundraising Expenses $0
Program Expenses $5,945,077
Other Expenses $1,513,205
TOTAL EXPENSES $6,583,714

Year-over-Year Comparison

2023 2022 Change
Revenue $6,628,870 $6,235,918 +0.1%
Expenses $6,583,714 $6,081,056 +0.1%
Net Income $45,156 $154,862 -0.7%
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

Sign In

Governance

Voting Members
11
Independent Members
11
Employees
24
Volunteers
11

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
5
$128,249
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIE HLAVA TREASURER 4.00
Officer Director
$0 $0 $0
MARJORIE FULLER DIRECTOR 2.00
Director
$0 $0 $0
RITA FOX DIRECTOR 2.00
Director
$0 $0 $0
DAVE VANDERGON VICE CHAIR 2.00
Officer Director
$0 $0 $0
MIKE HANCOCK SECRETARY 4.00
Officer Director
$0 $0 $0
DR DWIGHT JENNINGS AT-LARGE REPRESENTATIVE 2.00
Director
$0 $0 $0
JEAN EATON CHAIR 4.00
Officer Director
$0 $0 $0
JENELLE CUMMINGS DIRECTOR 4.00
Director
$0 $0 $0
KAREN HANSON DIRECTOR 2.00
Director
$0 $0 $0
MAGGIE COOK AT-LARGE REPRESENTATIVE 2.00
Director
$0 $0 $0
DAVID BEIMERS DIRECTOR 2.00
Director
$0 $0 $0
LAURIE BROWNELL EXECUTIVE DIRECTOR 40.00
Officer
$106,772 $21,477 $128,249
KIM VOTH FINANCE DIRECTOR 40.00
Highest
$104,638 $6,191 $110,829
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 $6,628,870 $6,583,714 $2,000,849 $45,156
2022 $6,235,918 $6,081,056 $1,799,701 $154,862
2021 $6,188,004 $6,188,876 $1,679,655 $-872
2020 $6,280,522 $6,239,142 $1,516,136 $41,380
2019 $4,901,167 $4,871,878 $1,197,375 $29,289
2018 $4,879,332 $4,826,813 $1,160,182 $52,519
Explore More Nonprofits
→Top 100 Nonprofits in Minnesota →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare SOUTHEASTERN MINNESOTA AREA AGENCY ON AGING INC with other nonprofits in Minnesota and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.