LOAN REPAYMENT ASSISTANCE PROGRAM OF MINNESOTA INC

EIN: 411694745 501(c)(3) Education

MINNEAPOLIS, MN

Total Revenue
$192,896
Total Expenses
$159,201
Total Assets
$768,096
Net Assets
$748,885
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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
1991
Legal Domicile
MN
Principal Officer
DEE BASKIN
Phone
6122786315
Tax Period
2023-01-01 to 2023-12-31

LOAN REPAYMENT ASSISTANCE PROGRAM OF MINNESOTA INC, founded in 1991, is a small nonprofit in the Education sector that reported $193K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $34K, a strong 17% operating margin.

Mission

HELPING LAWYERS HELP THE DISADVANTAGED THROUGH EDUCATION LOAN REPAYMENT ASSISTANCE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $185,084
Program Service Revenue $0
Investment Income $7,812
Other Revenue $0
TOTAL REVENUE $192,896

Expense Breakdown

Grants Paid $71,101
Salaries & Benefits $73,952
Fundraising Expenses $27,150
Program Expenses $115,705
Other Expenses $14,148
TOTAL EXPENSES $159,201

Year-over-Year Comparison

2023 2022 Change
Revenue $192,896 $160,943 +0.2%
Expenses $159,201 $83,879 +0.9%
Net Income $33,695 $77,064 -0.6%
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

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Governance

Voting Members
14
Independent Members
14
Employees
1
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
2
$67,508
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREA DERBY WORKMAN DIRECTOR 0.45
Director
$0 $0 $0
ANN GEMMELL DIRECTOR 0.45
Director
$0 $0 $0
ANNA BEADLE DIRECTOR 0.45
Director
$0 $0 $0
DANIEL BROWN TREASURER 0.60
Director
$0 $0 $0
DEBRA SCHNEIDER DIRECTOR 0.45
Director
$0 $0 $0
ELIZABETH FORS DIRECTOR 0.45
Director
$0 $0 $0
ERIC BROWN DIRECTOR 0.45
Director
$0 $0 $0
JAMES FORMAN DIRECTOR 0.45
Director
$0 $0 $0
LAURETTE HANKOM DIRECTOR 0.45
Director
$0 $0 $0
LISA HOLLINGSWORTH DIRECTOR 0.45
Director
$0 $0 $0
PETER HENNIGAN DIRECTOR 0.45
Director
$0 $0 $0
PETER KNAPP DIRECTOR 0.45
Director
$0 $0 $0
PHILLIP HOLMES DIRECTOR 0.45
Director
$0 $0 $0
VALERIE HERRING PRESIDENT 0.60
Officer Director
$0 $0 $0
KRISTIN STOCK DIRECTOR 0.45
Director
$0 $0 $0
DEE BASKIN EXECUTIVE DIRECTOR 30.00
Officer
$67,508 $0 $67,508
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 $192,896 $159,201 $768,096 $33,695
2022 $160,943 $83,879 $707,073 $77,064
2021 $163,807 $84,868 $662,765 $78,939
2020 $148,450 $101,463 $579,109 $46,987
2019 $210,463 $195,018 $529,610 $15,445
2018 $201,813 $191,073 $497,505 $10,740
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