Women's Foundation of Minnesota (EIN 411635761) - 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

1983

Legal Domicile

Principal Officer

Gloria Perez

Phone

6123375010

Tax Period

2024-04-01 to 2025-03-31

Women's Foundation of Minnesota, founded in 1983, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $9.1M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $8.6M left a modest 6% surplus.

Mission

To invest in ending systemic inequities and drive innovation for gender and racial justice.

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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 $8,109,620

Program Service Revenue $0

Investment Income $983,186

Other Revenue $5,763

TOTAL REVENUE $9,098,569

Expense Breakdown

Grants Paid $4,194,063

Salaries & Benefits $3,133,618

Fundraising Expenses $45,538

Program Expenses $7,243,362

Other Expenses $1,190,477

TOTAL EXPENSES $8,558,658

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,098,569	$7,678,057	+0.2%
Expenses	$8,558,658	$8,716,638	0.0%
Net Income	$539,911	$-1,038,581	-1.5%

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

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

$515,565

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chanda Smith Baker	Chair	3.00	Officer Director	$0	$0	$0
Anita Patel	Vice Chair	3.00	Officer Director	$0	$0	$0
Debarati Sen	Treasurer	3.00	Officer Director	$0	$0	$0
Ed Heisler	Secretary	3.00	Officer Director	$0	$0	$0
Bethlehem Gronneberg	Trustee	2.00	Director	$0	$0	$0
Raichel Brown	Trustee	2.00	Director	$0	$0	$0
Brenda Quaye	Trustee	2.00	Director	$0	$0	$0
Sandra Vargas	Trustee	2.00	Director	$0	$0	$0
Valerie Spencer	Trustee	2.00	Director	$0	$0	$0
Fatima Said	Trustee	2.00	Director	$0	$0	$0
Vanessa Goodthunder	Trustee	2.00	Director	$0	$0	$0
Katherine Hayes	Trustee	2.00	Director	$0	$0	$0
Kris Maritz	Trustee	2.00	Director	$0	$0	$0
Rajni Shah	Trustee	2.00	Director	$0	$0	$0
Elizabeth Tolzmann	Trustee	2.00	Director	$0	$0	$0
Tonya Jackman Hampton	Trustee	2.00	Director	$0	$0	$0
Henry Jimenez	Trustee	2.00	Director	$0	$0	$0
Velma Korbel	Trustee	2.00	Director	$0	$0	$0
Mary Miklethun	Trustee	2.00	Director	$0	$0	$0
Adair Mosely	Trustee	2.00	Director	$0	$0	$0
Ellie Krug	Trustee	2.00	Director	$0	$0	$0
Susan Sands	Trustee	2.00	Director	$0	$0	$0
Gloria Perez	President and CEO	40.00	Officer	$267,750	$32,107	$299,857
Heidi WalshExecutive	VP Finance and Operations	40.00	Officer	$191,702	$24,006	$215,708
Carolyn Van Nelson	Director of Finance & Technology	40.00	Highest	$113,303	$22,875	$136,178
Nadia Siddiqui	VP of Advancement	40.00	Highest	$150,792	$25,618	$176,410
LaCora Bradford Kesti	VP Community Impact	40.00	Highest	$141,129	$19,766	$160,895
Michelle Trans Myers	VP of Innovation & Strategic Comms	40.00	Highest	$129,269	$24,873	$154,142
Jennifer Lowman DaySenior	Director Communications	40.00	Highest	$123,837	$20,023	$143,860

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	$9,098,569	$8,558,658	$39,363,615	$539,911
2024	$7,678,057	$8,716,638	$37,705,804	$-1,038,581
2023	$11,550,455	$6,176,461	$35,113,777	$5,373,994
2022	$4,848,190	$5,717,301	$31,170,529	$-869,111
2021	$5,522,981	$6,121,727	$30,253,405	$-598,746
2020	$5,162,329	$5,283,040	$24,130,600	$-120,711
2019	$3,104,705	$5,658,627	$25,558,790	$-2,553,922

Women's Foundation of Minnesota