MINNESOTA STATE UNIVERSITY STUDENT… - Form 990 Financial Data

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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

1967

Legal Domicile

Principal Officer

THOMAS ANDERSON

Phone

6512241518

Tax Period

2024-07-01 to 2025-06-30

MINNESOTA STATE UNIVERSITY STUDENT ASSOCIATION INC, founded in 1967, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.1M left a modest 3% surplus.

Mission

LED BY MINNESOTA STATE UNIVERSITY STUDENTS, WE ARE THE INCLUSIVE VOICE FOR ALL FUTURE, CURRENT, AND FORMER STUDENTS. WE ACTIVELY WORK TO REPRESENT AND SUPPORT MINNESOTA STATE UNIVERSITY STUDENTS AND ADVOCATE AT A CAMPUS, STATE, AND FEDERAL LEVEL FOR HIGHER EDUCATION POLICIES THAT MAKE A POSITIVE IMPACT FOR OUR STUDENTS AND COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $317,982 Revenue: $319,438

STUDENT LEADERSHIP: STUDENT LEADERSHIP PROGRAMMING CONSISTS OF THE COMMUNITY LEADER FELLOWSHIP PROGRAM, OUR STUDENT-LED BOARD OF DIRECTORS AND OFFICERS TRAINING, DEVELOPMENT, AND HANDS-ON LEADERSHIP...

Program 2

Expenses: $262,950 Revenue: $399,298

STUDENT ADVOCACY: STUDENTS UNITED PROVIDES INFORMATION TO STUDENTS ABOUT THE ISSUES THAT AFFECT THEIR LIVES AS STUDENTS, PROVIDES STUDENTS WITH OPPORTUNITIES TO PARTICIPATE IN ADVOCACY AT MANY...

STUDENT ADVOCACY: STUDENTS UNITED PROVIDES INFORMATION TO STUDENTS ABOUT THE ISSUES THAT AFFECT THEIR LIVES AS STUDENTS, PROVIDES STUDENTS WITH OPPORTUNITIES TO PARTICIPATE IN ADVOCACY AT MANY LEVELS, AND REPRESENTS STUDENT POSITIONS TO POLICYMAKERS. WE ADVOCATE AT THE SYSTEM, STATE, AND FEDERAL LEVELS ON A WIDE VARIETY OF HIGHER EDUCATION ISSUES.

Program 3

Expenses: $92,561 Revenue: $79,860

STUDENT CONNECTIONS: OUR ANNUAL ADVOCACY CONFERENCE, CAMPUS CONNECTIONS, AND STUDENT ENGAGEMENT INCENTIVES.

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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 $59,308

Program Service Revenue $993,572

Investment Income $104,171

Other Revenue $-12,698

TOTAL REVENUE $1,144,353

Expense Breakdown

Grants Paid $36,500

Salaries & Benefits $765,715

Fundraising Expenses $82,951

Program Expenses $733,047

Other Expenses $302,998

TOTAL EXPENSES $1,105,213

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,144,353	$1,131,857	+0.0%
Expenses	$1,105,213	$978,154	+0.1%
Net Income	$39,140	$153,703	-0.7%

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

$117,360

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS ANDERSON	EXECUTIVE DIRECTOR	40.00	Officer	$86,709	$15,688	$102,397
SIERRA ROIGER	STATE CHAIR	20.00	Officer	$3,855	$0	$3,855
FAYED KHAN	VICE CHAIR	15.00	Officer	$2,846	$0	$2,846
MIRZA SHEHROZ	TREASURER	10.00	Officer	$8,262	$0	$8,262
DARBY BERSIE	BOARD MEMBER	1.00	Director	$0	$0	$0
ALIZABELLE CARMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL COOK	BOARD MEMBER	1.00	Director	$0	$0	$0
EMMA GABBERT	BOARD MEMBER	1.00	Director	$0	$0	$0
SAMUEL LUND	BOARD MEMBER	1.00	Director	$0	$0	$0
SHRIYANS PRADHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ROSHIT NIRAULA	BOARD MEMBER	1.00	Director	$0	$0	$0
NORA SIMONDET	BOARD MEMBER	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
2025	$1,144,353	$1,105,213	$3,692,484	$39,140
2024	$1,131,857	$978,154	$3,514,051	$153,703
2023	$1,077,003	$900,784	$3,299,031	$176,219
2022	$1,009,128	$925,653	$2,844,663	$83,475
2021	$1,019,796	$920,430	$3,383,782	$99,366
2020	$987,491	$932,606	$2,891,060	$54,885
2019	$1,187,970	$879,673	$2,742,058	$308,297
2018	$845,346	$872,588	$2,333,431	$-27,242

MINNESOTA STATE UNIVERSITY STUDENT ASSOCIATION INC