SHRM MINNESOTA STATE COUNCIL (EIN 411663348) - 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

2002

Legal Domicile

Principal Officer

JUSTIN TERCH

Phone

2182137162

Tax Period

2024-01-01 to 2024-12-31

SHRM MINNESOTA STATE COUNCIL, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $449K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $393K left a modest 12% surplus.

Mission

TO BETTER HUMAN RESOURCE MANAGEMENT

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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 $0

Program Service Revenue $433,785

Investment Income $7,657

Other Revenue $7,234

TOTAL REVENUE $448,676

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $392,638

TOTAL EXPENSES $392,638

Year-over-Year Comparison

	2024	2023	Change
Revenue	$448,676	$391,771	+0.1%
Expenses	$392,638	$280,271	+0.4%
Net Income	$56,038	$111,500	-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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TORI ADDISON	MEMBERSHIP D	N/A	Director	$0	$0	$0
JENNIFER BREKKESTRAN	SECRETARY-TR	N/A	Officer Director	$0	$0	$0
CARRIE PATTON	PAST STATE D	N/A	Officer Director	$0	$0	$0
SUSAN SHOLD	STATE DIRECT	N/A	Officer Director	$0	$0	$0
JUSTIN TERCH	STATE DIRECT	N/A	Officer 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	$448,676	$392,638	$337,276	$56,038
2023	$391,771	$280,271	$278,263	$111,500
2022	$336,872	$383,173	$160,959	$-46,301
2021	$212,511	$397,339	$218,390	$-184,828

SHRM MINNESOTA STATE COUNCIL