MINNESOTA NURSES ASSOC FOUNDATION IN HONOR OF KATHERINE D DREVES (EIN 411420970) - 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

1981

Legal Domicile

Principal Officer

LORI CHRISTIAN

Phone

6514142800

Tax Period

2024-01-01 to 2024-12-31

MINNESOTA NURSES ASSOC FOUNDATION IN HONOR OF KATHERINE D DREVES, founded in 1981, is a small nonprofit that reported $213K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $199K left a modest 7% surplus.

Mission

PROMOTE NURSING RESEARCH AND EDUCATION

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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 $0

Program Service Revenue $199,248

Investment Income $14,231

Other Revenue $0

TOTAL REVENUE $213,479

Expense Breakdown

Grants Paid $195,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $197,355

Other Expenses $3,555

TOTAL EXPENSES $198,555

Year-over-Year Comparison

	2024	2023	Change
Revenue	$213,479	$173,340	+0.2%
Expenses	$198,555	$106,066	+0.9%
Net Income	$14,924	$67,274	-0.8%

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

N/A

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

$2,658

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI CHRISTIAN	DIRECTOR	1.00	Director	$0	$0	$0
JEHAD ADWAN	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
HANS-PETER DE RUITER	DIRECTOR - PAST	1.00	Director	$0	$0	$0
NIKI GJERE	DIRECTOR	1.00	Director	$0	$0	$0
JONNY MOSES	DIRECTOR	1.00	Director	$0	$0	$0
JAMES DAVIES	DIRECTOR	1.00	Director	$0	$0	$0
VENESSA SOLDO-JONES	DIRECTOR	1.00	Director	$0	$0	$2,658
MICHELLE SORENSEN	DIRECTOR	1.00	Director	$0	$0	$0
BREANA SUTTER	DIRECTOR	1.00	Director	$0	$0	$0
PAUL AMOAKO	DIRECTOR - PAST	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	$213,479	$198,555	$762,301	$14,924
2023	$173,340	$106,066	$734,657	$67,274
2022	$176,999	$64,756	$646,731	$112,243
2021	$187,104	$118,844	$573,713	$68,260
2020	$189,451	$182,774	$484,134	$6,677
2019	$185,099	$229,312	$463,530	$-44,213
2018	$180,381	$192,396	$486,066	$-12,015

MINNESOTA NURSES ASSOC FOUNDATION IN HONOR OF KATHERINE D DREVES