MINNESOTA HOME CARE ASSOCIATION FKA MINNESOTA HOMECARE ASSOCIATION (EIN 411641999) - 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

1989

Legal Domicile

Principal Officer

KATHERINE MESSERLI

Phone

6516350607

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA HOME CARE ASSOCIATION FKA MINNESOTA HOMECARE ASSOCIATION, founded in 1989, is a small nonprofit that reported $686K in total revenue in fiscal year 2023.

Mission

PROMOTE QUALITY HOMECARE 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $635,361

Investment Income $24,790

Other Revenue $26,140

TOTAL REVENUE $686,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $436,766

Fundraising Expenses $0

Program Expenses $563,402

Other Expenses $250,871

TOTAL EXPENSES $687,637

Year-over-Year Comparison

	2023	2022	Change
Revenue	$686,291	$663,753	+0.0%
Expenses	$687,637	$672,516	+0.0%
Net Income	$-1,346	$-8,763	-0.8%

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

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

$134,656

Total Directors

$134,656

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA JUNG	SECRETARY/TREASURER	1.00	Director	$0	$0	$0
KATHERINE MESSERLI	EXECUTIVE DIRECTOR	40.00	Officer Director	$134,656	$0	$134,656
KATIE TROUMBLY	DIRECTOR	1.00	Director	$0	$0	$0
TONI DIEDE	VICE CHAIR	1.00	Director	$0	$0	$0
KRISTEN HUSEN	CHAIR	1.00	Director	$0	$0	$0
OLGA BAUMBERGER	DIRECTOR	1.00	Director	$0	$0	$0
DARLA THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
JAIME KUMMER	DIRECTOR	1.00	Director	$0	$0	$0
NICOLEEN MEYER	DIRECTOR	1.00	Director	$0	$0	$0
ROCHELLE WODARZ	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$686,291	$687,637	$1,141,098	$-1,346
2022	$663,753	$672,516	$966,581	$-8,763
2021	$588,926	$660,921	$1,042,922	$-71,995
2020	$608,873	$681,345	$1,061,573	$-72,472
2019	$736,111	$729,764	$931,030	$6,347
2018	$736,502	$658,117	$976,665	$78,385

MINNESOTA HOME CARE ASSOCIATION FKA MINNESOTA HOMECARE ASSOCIATION