INTERCULTURAL MUTUAL ASSISTANCE ASSOCIATION OF SOUTHEASTERN MINNESOTA

EIN: 411497753 501(c)(3) Human Services

ROCHESTER, MN

Total Revenue
$2,898,150
Total Expenses
$2,594,032
Total Assets
$4,462,723
Net Assets
$4,289,546
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
MN
Principal Officer
ARMIN BUDIMLIC
Phone
5072895960
Tax Period
2024-07-01 to 2025-06-30

INTERCULTURAL MUTUAL ASSISTANCE ASSOCIATION OF SOUTHEASTERN MINNESOTA, founded in 1984, is a community nonprofit in the Human Services sector that reported $2.9M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $2.6M left a modest 10% surplus.

Mission

INTERCULTURAL MUTUAL ASSISTANCE ASSOCIATION BUILDS BRIDGES BETWEEN CULTURES BY PROVIDING CULTURALLY AND LINGUISTICALLY APPROPRIATE SERVICES

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $76,600
Program Service Revenue $2,680,643
Investment Income $93,269
Other Revenue $47,638
TOTAL REVENUE $2,898,150

Expense Breakdown

Grants Paid $43,351
Salaries & Benefits $1,782,572
Fundraising Expenses $28,421
Program Expenses $2,334,375
Other Expenses $768,109
TOTAL EXPENSES $2,594,032

Year-over-Year Comparison

2024 2023 Change
Revenue $2,898,150 $3,337,867 -0.1%
Expenses $2,594,032 $2,690,603 0.0%
Net Income $304,118 $647,264 -0.5%
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

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Governance

Voting Members
13
Independent Members
13
Employees
41
Volunteers
25

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
4
$127,338
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUZANNE SZUCS VICE CHAIR 1.00
Officer Director
$0 $0 $0
SHAILAZA SINGH FORMER BOARD MEMBER 1.00
Director
$0 $0 $0
GEORGE RAJU BOARD MEMBER 1.00
Director
$0 $0 $0
GRACE PESCH BOARD MEMBER 1.00
Director
$0 $0 $0
JOSELYN RAYMUNDO CHAIR 1.00
Officer Director
$0 $0 $0
AYODEJI OYEBOLA FORMER BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES FORD BOARD MEMBER 1.00
Director
$0 $0 $0
PRATHI KULAL BOARD MEMBER 1.00
Director
$0 $0 $0
SELAM UNGER BOARD MEMBER 1.00
Director
$0 $0 $0
KALYAN PASUPATHY FORMER BOARD MEMBER 1.00
Director
$0 $0 $0
ACE CHANG FORMER BOARD MEMBER 1.00
Director
$0 $0 $0
MUHAMAD ELRASHIDI FORMER BOARD MEMBER 1.00
Director
$0 $0 $0
RASHID FEHMI TREASURER 1.00
Officer Director
$0 $0 $0
ALKA MEHRA FORMER BOARD MEMBER 1.00
Director
$0 $0 $0
EARLINE NGUYEN FORMER BOARD MEMBER 1.00
Director
$0 $0 $0
MOHAMUD NUR BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTIAN MANCILLA-BAEZ BOARD MEMBER 1.00
Director
$0 $0 $0
ILAYA HOPKINS BOARD MEMBER 1.00
Director
$0 $0 $0
JENNA TAUBEL BOARD MEMBER 1.00
Director
$0 $0 $0
ARMIN BUDIMLIC EXECUTIVE DIRECTOR 40.00
Officer
$127,338 $0 $127,338
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 $2,898,150 $2,594,032 $4,462,723 $304,118
2024 $3,337,867 $2,690,603 $4,153,044 $647,264
2023 $3,098,443 $2,795,579 $3,520,132 $302,864
2022 $3,371,191 $2,901,644 $3,202,826 $469,547
2021 $3,533,539 $2,992,254 $2,910,154 $541,285
2020 $2,722,668 $2,509,888 $2,824,427 $212,780
2019 $2,485,217 $2,254,623 $2,549,268 $230,594
2018 $2,480,987 $2,252,620 $2,444,965 $228,367
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