MINNESOTA COMMUNITY ACTION ASSOCIA… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

LORI SCHULTZ

Phone

6516457425

Tax Period

2024-01-01 to 2024-12-31

MINNESOTA COMMUNITY ACTION ASSOCIATION RESOURCE FUND, founded in 1992, is a small nonprofit that reported $200K in total revenue in fiscal year 2024. Revenue surged 44929% from the prior year, signaling strong growth momentum. The organization ran a surplus of $76K, a strong 38% operating margin.

Mission

TO PROMOTE PUBLIC POLICIES THAT CREATE OPPORTUNITIES FOR LOW-INCOME MINNESOTANS TO ACHIEVE GREATER ECONOMIC SECURITY.

Program Service Accomplishments

Program 1

Expenses: $124,587

MINNESOTA COMMUNITY ACTION ASSOCIATION RESOURCE FUND (THE RESOURCE FUND) PROVIDES EDUCATIONAL, INFORMATIONAL, AND TECHNICAL ASSISTANCE RESOURCES TO COMMUNITY ACTION PROGRAMS THROUGHOUT MINNESOTA...

MINNESOTA COMMUNITY ACTION ASSOCIATION RESOURCE FUND (THE RESOURCE FUND) PROVIDES EDUCATIONAL, INFORMATIONAL, AND TECHNICAL ASSISTANCE RESOURCES TO COMMUNITY ACTION PROGRAMS THROUGHOUT MINNESOTA. THESE RESOURCES ARE DESIGNED TO ENHANCE THE QUALITY OF PROGRAMS WHICH HELP IMPROVE THE CONDITION IN WHICH LOW-INCOME INDIVIDUALS LIVE. IT IS A STATE-WIDE VEHICLE FOR TRAINING AND TECHNICAL ASSISTANCE SYSTEMS TO HELP LOCAL AGENCIES DEVELOP NEW PROGRAMS AND TO STRENGTHEN EXISTING PROGRAMS. IT ALSO PROVIDES A STRUCTURE FOR THE ESTABLISHMENT OF JOINT VENTURES TO BUILD THE CAPACITY OF COMMUNITY ACTION AGENCIES AND IMPROVE THE LIVES OF MINNESOTA'S LOW-INCOME CITIZENS.

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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 $200,000

Program Service Revenue $0

Investment Income $379

Other Revenue $0

TOTAL REVENUE $200,379

Expense Breakdown

Grants Paid $104,861

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $124,587

Other Expenses $19,726

TOTAL EXPENSES $124,587

Year-over-Year Comparison

	2024	2023	Change
Revenue	$200,379	$445	+449.3%
Expenses	$124,587	$95,589	+0.3%
Net Income	$75,792	$-95,144	-1.8%

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

N/A

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

$167,719

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI SCHWARTZ	CHAIR	0.30	Officer Director	$0	$0	$0
AMANDA MACKIE	VICE CHAIR	0.30	Officer Director	$0	$0	$0
TERESA CARTER	TREASURER	0.30	Officer Director	$0	$0	$0
DEBI BRANDT	SECRETAY	0.30	Officer Director	$0	$0	$0
PATRICK MCFARLAND	MEMBER	0.30	Director	$0	$0	$0
JENNY LARSON	MEMBER	0.30	Director	$0	$0	$0
LORI SCHULTZ	EXECUTIVE DIRECTOR	0.30	Officer	$0	$20,114	$167,719

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	$200,379	$124,587	$210,409	$75,792
2023	$445	$95,589	$160,685	$-95,144
2022	$465,642	$266,896	$229,761	$198,746
2021	$40,011	$14,250	$34,015	$25,761
2020	$6	No data	$5,254	No data
2019	$617	$1,186	$5,248	$-569
2018	$5,371	$7,317	$6,817	$-1,946

MINNESOTA COMMUNITY ACTION ASSOCIATION RESOURCE FUND