MINNESOTA ASSISTANCE COUNCIL FOR VETERANS (EIN 411694717) - 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

1990

Legal Domicile

Principal Officer

BRIAN PETERSON

Phone

6512918756

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA ASSISTANCE COUNCIL FOR VETERANS, founded in 1990, is a mid-sized nonprofit in the Employment sector that reported $26.7M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.0M, a strong 26% operating margin.

Mission

ENDING VETERAN HOMELESSNESS IN 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 (2023)

Revenue Breakdown

Contributions & Grants $25,423,872

Program Service Revenue $723,131

Investment Income $51,558

Other Revenue $533,079

TOTAL REVENUE $26,731,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,646,181

Fundraising Expenses $840,182

Program Expenses $16,900,050

Other Expenses $11,058,903

TOTAL EXPENSES $19,705,084

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,731,640	$19,686,350	+0.4%
Expenses	$19,705,084	$12,315,688	+0.6%
Net Income	$7,026,556	$7,370,662	0.0%

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

152

Volunteers

673

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

$407,030

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAUNA BEDNAR	TREASURER	1.00	Officer Director	$0	$0	$0
ARTHUR COFIELD	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES DOLSON	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA ATHERTON	DIRECTOR	1.00	Director	$0	$0	$0
KRISTINE LORD-KRAHN	VICE-CHAIR	1.00	Director	$0	$0	$0
TRISTA MATASCASTILLO	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA STEWARD-RANDLE	SECRETARY	1.00	Director	$0	$0	$0
RYAN HANSON	DIRECTOR	1.00	Director	$0	$0	$0
WALTER NOVILLO	DIRECTOR	1.00	Director	$0	$0	$0
TRISTA MARTINSON	CHAIR	1.00	Officer Director	$0	$0	$0
CHIS CHURCH	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER HVINDEN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BASSETT	DIRECTOR	1.00	Director	$0	$0	$0
NEAL LOIDOLT	CEO	40.00	Officer	$237,120	$9,722	$246,842
BRIAN PETERSON	CFO	40.00	Officer	$146,730	$13,458	$160,188
STEVE SCHEMENAUER	FORMER CHAIR	1.00	Officer	$0	$0	$0
JON LOVALD	COO	40.00	Highest	$149,161	$6,116	$155,277
NATHANIEL SALTZ	CHIEF PROGRAM OFFICER	40.00	Highest	$124,687	$23,615	$148,302
SARAH RIEGLE	VP OF PROPERTY OPERATIONS	40.00	Highest	$114,482	$29,254	$143,736
SEAN RIFFE	DEVELOPMENT DIRECTOR	40.00	Highest	$109,820	$4,503	$114,323
KURT JOHNSON	REGIONAL DIRECTOR	40.00	Highest	$102,309	$4,195	$106,504

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	$26,731,640	$19,705,084	$32,423,809	$7,026,556
2022	$19,686,350	$12,315,688	$22,687,231	$7,370,662
2021	$10,768,734	$9,749,904	$12,934,970	$1,018,830
2020	$10,509,911	$8,827,480	$11,923,462	$1,682,431
2019	$7,138,274	$7,138,343	$9,514,801	$-69
2018	$6,978,673	$6,743,710	$9,475,160	$234,963

MINNESOTA ASSISTANCE COUNCIL FOR VETERANS