MINNESOTA HEALTCARE ENGINEERS ASSOCIATION (EIN 411606112) - 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

2015

Legal Domicile

Principal Officer

AMANDA SWANSON

Phone

8663346565

Tax Period

2025-01-01 to 2025-12-31

MINNESOTA HEALTCARE ENGINEERS ASSOCIATION, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $288K in total revenue in fiscal year 2025. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $267K left a modest 7% surplus.

Mission

MHCEA IS AN ASSOCIATION DEVOTED TO PROFESSIONALS WHO DESIGN, BUILD, MAINTAIN, AND OPERATE HOSPITALS, NURSING HOMES, AND OTHER HEALTH CARE FACILITIES IN THE STATE OF MINNESOTA.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $287,555

Investment Income $4

Other Revenue $0

TOTAL REVENUE $287,559

Expense Breakdown

Grants Paid $4,191

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $262,985

TOTAL EXPENSES $267,176

Year-over-Year Comparison

	2025	2024	Change
Revenue	$287,559	$215,200	+0.3%
Expenses	$267,176	$215,054	+0.2%
Net Income	$20,383	$146	+138.6%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HATTI CARLSON	PRESIDENT	5.00	Officer Director	$0	$0	$0
ERIC KRAUSE	VICE PRESIDENT (PRESIDENT-ELECT)	5.00	Officer Director	$0	$0	$0
AMANDA SWANSON	SECRETARY/TREASURER	5.00	Officer Director	$0	$0	$0
ROB WOOD	PAST PRESIDENT	5.00	Officer Director	$0	$0	$0
KIRK OLSON	ARROWHEAD REGION PRESIDENT	1.00	Director	$0	$0	$0
MOLLY BRADFISH	ARROWHEAD REGION VICE PRESIDENT	1.00	Director	$0	$0	$0
BRIAN GRAFSTROM	NORTHERN REGION PRESIDENT	1.00	Director	$0	$0	$0
MIKE MANECKE	NORTHERN REGION VICE PRESIDENT	1.00	Director	$0	$0	$0
JEFFREY FORT	MIDWESTERN REGION PRESIDENT	1.00	Director	$0	$0	$0
SCOTT GRAY	MIDWESTERN REGION VICE PRESIDENT	1.00	Director	$0	$0	$0
CHRIS SIBELL	TWIN CITIES REGION PRESIDENT	1.00	Director	$0	$0	$0
AARON STAEHNKE	TWIN CITIES REGION VICE PRESIDENT	1.00	Director	$0	$0	$0
ARIC BAUMAN	SOUTHERN REGION VICE PRESIDENT	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	$287,559	$267,176	$248,523	$20,383
2024	$215,200	$215,054	$208,848	$146

MINNESOTA HEALTCARE ENGINEERS ASSOCIATION