ACCESS NORTH CENTER FOR INDEPENDENT LIVING OF NORTHEASTERN MINNESOTA (EIN 411425959) - 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

Phone

2182626675

Tax Period

2024-01-01 to 2024-12-31

ACCESS NORTH CENTER FOR INDEPENDENT LIVING OF NORTHEASTERN MINNESOTA, founded in 1981, is a mid-sized nonprofit that reported $12.7M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $11.8M left a modest 7% surplus.

Mission

TO ASSIST INDIVIDUALS WITH DISABILITIES TO LIVE INDEPENDENTLY, PURSUE MEANINGFUL GOALS, AND HAVE THE SAME OPPORTUNITIES AND CHOICES AS ALL PEOPLE.

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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 $1,781,004

Program Service Revenue $10,827,177

Investment Income $37,865

Other Revenue $24,000

TOTAL REVENUE $12,670,046

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,799,309

Fundraising Expenses $0

Program Expenses $11,615,204

Other Expenses $1,033,035

TOTAL EXPENSES $11,832,344

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,670,046	$10,483,766	+0.2%
Expenses	$11,832,344	$10,095,027	+0.2%
Net Income	$837,702	$388,739	+1.2%

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

708

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

$186,613

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD BRUNETTE	Executive Dir.	40.00	Officer	$169,152	$17,461	$186,613
BEV MOBERG	Director	0.50	Director	$0	$0	$0
JUDITH BONELLI	Director	0.50	Director	$0	$0	$0
CAROL CHRISTIAN	Director	0.50	Director	$0	$0	$0
JOHN RISBERG	Director	0.50	Director	$0	$0	$0
JEFF CHRISTIAN	Treasurer	0.50	Officer Director	$0	$0	$0
SHAWN CORBIN	President	0.50	Officer Director	$0	$0	$0
SUE SUNDVALL	Vice President	0.50	Officer Director	$0	$0	$0
TIM GARVEY	Director	0.50	Director	$0	$0	$0
BETTY BURNSON	Director	0.50	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	$12,670,046	$11,832,344	$5,142,893	$837,702
2023	$10,483,766	$10,095,027	$4,077,545	$388,739
2022	$9,076,769	$9,631,886	$3,780,958	$-555,117
2021	$7,763,537	$8,343,581	$4,421,937	$-580,044
2020	$9,164,808	$8,179,779	$4,945,144	$985,029

ACCESS NORTH CENTER FOR INDEPENDENT LIVING OF NORTHEASTERN MINNESOTA