SOURCE MN INC (EIN 411588666) - 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

1987

Legal Domicile

Principal Officer

PETER WOHLER

Phone

6128225200

Tax Period

2022-09-01 to 2023-08-31

SOURCE MN INC, founded in 1987, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year. Expenses of $3.0M left a modest 4% surplus.

Mission

TO BRING HOPE AND OPPORTUNITY TO THE CITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,222,926

Program Service Revenue $0

Investment Income $9,860

Other Revenue $-101,956

TOTAL REVENUE $3,130,830

Expense Breakdown

Grants Paid $2,085,149

Salaries & Benefits $510,266

Fundraising Expenses $0

Program Expenses $2,801,306

Other Expenses $420,890

TOTAL EXPENSES $3,016,305

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,130,830	$3,487,972	-0.1%
Expenses	$3,016,305	$3,291,635	-0.1%
Net Income	$114,525	$196,337	-0.4%

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

824

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

$113,437

Total Directors

$36,668

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG HJELLE	CHAIR	1.00	Officer Director	$0	$0	$0
DAVID ANDERLE	TREASURER	1.00	Officer Director	$0	$0	$0
JESSICA WOHLER	MEMBER AT LARGE	20.00	Director	$35,600	$1,068	$36,668
CHRIS THOMAS	MEMBER AT LARGE	1.00	Director	$0	$0	$0
KIM NELSON	SECRETARY	1.00	Officer Director	$0	$0	$0
PETER WOHLER	PRESIDENT	40.00	Officer	$58,400	$55,037	$113,437

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
2023	$3,130,830	$3,016,305	$3,018,403	$114,525
2023	$3,130,830	$3,016,305	$3,018,403	$114,525
2022	$3,487,972	$3,111,987	$3,344,409	$375,985
2021	$1,269,862	$727,401	$2,984,600	$542,461
2020	$1,253,202	$896,725	$2,551,346	$356,477
2019	$1,163,536	$793,818	$2,149,167	$369,718
2018	$1,035,053	$746,552	$1,875,738	$288,501

SOURCE MN INC