MINNESOTA NETWORK OF HOSPICE & PALLIATIVE CARE (EIN 411414694) - 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

1980

Legal Domicile

Principal Officer

DAVID BLOMQUIST

Phone

6516590423

Tax Period

2024-01-01 to 2024-12-31

MINNESOTA NETWORK OF HOSPICE & PALLIATIVE CARE, founded in 1980, is a small nonprofit in the Human Services sector that reported $588K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $663K exceeded revenue, resulting in a 13% operating deficit.

Mission

MINNESOTA NETWORK OF HOSPICE & PALLIATIVE CARE PROMOTES ADVANCE CARE PLANNING, PALLIATIVE CARE AND HOSPICE THROUGH EDUCATION TO INCREASE AWARENESS AND ACCESSIBILITY TO THESE SERVICES FOR EVERYONE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $297,893

Program Service Revenue $282,761

Investment Income $5,331

Other Revenue $1,518

TOTAL REVENUE $587,503

Expense Breakdown

Grants Paid $0

Salaries & Benefits $262,203

Fundraising Expenses $34,994

Program Expenses $543,703

Other Expenses $400,697

TOTAL EXPENSES $662,900

Year-over-Year Comparison

	2024	2023	Change
Revenue	$587,503	$435,903	+0.3%
Expenses	$662,900	$456,592	+0.5%
Net Income	$-75,397	$-20,689	+2.6%

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

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

$112,296

Total Directors

$112,296

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BLOMQUIST	INTERIM EXECUTIVE DIRECTOR	40.00	Officer Director	$112,296	$0	$112,296
ALEX CLARK	PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL PINCHBACK	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
STEPHEN ASTRUP	DIRECTOR	2.00	Director	$0	$0	$0
PHILIP HOMMERDING	TREASURER	2.00	Officer Director	$0	$0	$0
SARA REVIER	SECRETARY	2.00	Officer Director	$0	$0	$0
LEIGH HARTENBERG	FORMER VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL MCLOONE	DIRECTOR	2.00	Director	$0	$0	$0
AMANDA GUSTAFSON	DIRECTOR	2.00	Director	$0	$0	$0
REBECCA TOOKER	DIRECTOR	2.00	Director	$0	$0	$0
BRENDA HANSEN	DIRECTOR	2.00	Director	$0	$0	$0
BETH WERNER	DIRECTOR	2.00	Director	$0	$0	$0
LINDSEY PELLETIER	DIRECTOR	2.00	Director	$0	$0	$0
SARA LASSIG	DIRECTOR	2.00	Director	$0	$0	$0
GLEN VARNS	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTIN AMENT	DIRECTOR	2.00	Director	$0	$0	$0
MIGUEL RUIZ DIAZ	DIRECTOR	2.00	Director	$0	$0	$0
BRANDON TABBERT	DIRECTOR	2.00	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	$587,503	$662,900	$503,733	$-75,397
2023	$435,903	$456,592	$578,467	$-20,689
2022	$518,582	$416,776	$597,806	$101,806
2021	$524,296	$356,374	$554,657	$167,922
2020	$402,811	$381,214	$343,942	$21,597
2019	$704,824	$660,404	$295,284	$44,420
2018	$807,824	$742,373	$245,128	$65,451

MINNESOTA NETWORK OF HOSPICE & PALLIATIVE CARE