MINNESOTA INDEPENDENCE COLLEGE AND COMMUNITY

EIN: 411814112 501(c)(3) Philanthropy & Grantmaking

RICHFIELD, MN

Total Revenue
$7,503,321
Total Expenses
$6,666,169
Total Assets
$8,568,175
Net Assets
$6,639,298
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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
1995
Legal Domicile
MN
Principal Officer
AMY GUDMESTAD
Phone
6128694008
Tax Period
2024-07-01 to 2025-06-30

MINNESOTA INDEPENDENCE COLLEGE AND COMMUNITY, founded in 1995, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $7.5M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $6.7M left a modest 11% surplus.

Mission

WE SEE AND HONOR THE PERSONHOOD AND AUTONOMY OF AUTISTIC AND NEURODIVERGENT INDIVIDUALS. WE WORK EVERY DAY TO EDUCATE AND GUIDE MICC PARTICIPANTS IN CREATING AND SUSTAINING THE LIVES THEY WANT TO LIVE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,387,850
Program Service Revenue $4,135,143
Investment Income $138,552
Other Revenue $-158,224
TOTAL REVENUE $7,503,321

Expense Breakdown

Grants Paid $325,563
Salaries & Benefits $4,379,448
Fundraising Expenses $462,026
Program Expenses $5,224,450
Other Expenses $1,961,158
TOTAL EXPENSES $6,666,169

Year-over-Year Comparison

2024 2023 Change
Revenue $7,503,321 $8,032,566 -0.1%
Expenses $6,666,169 $6,489,561 +0.0%
Net Income $837,152 $1,543,005 -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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Governance

Voting Members
18
Independent Members
18
Employees
90
Volunteers
150

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
6
$372,087
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAN WUORENMA CHAIR 1.00
Officer Director
$0 $0 $0
WILLIAM FEHRENBACH VICE CHAIR 1.00
Officer Director
$0 $0 $0
HANNAH HORN TREASURER 1.00
Officer Director
$0 $0 $0
LINDSAY SCHNEIDER SECRETARY 1.00
Officer Director
$0 $0 $0
JEREMY ESTENSON BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF GAUVIN BOARD MEMBER 1.00
Director
$0 $0 $0
BEVERLY HATLEN BOARD MEMBER 1.00
Director
$0 $0 $0
ROBYN HELLAND BOARD MEMBER 1.00
Director
$0 $0 $0
GARY JOSEPHSON BOARD MEMBER 1.00
Director
$0 $0 $0
ALICE KIRKLAND BOARD MEMBER 1.00
Director
$0 $0 $0
PATRICK KLINGER BOARD MEMBER 1.00
Director
$0 $0 $0
JAKE KONERZA BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN LLOYD BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT SAVERAID BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS SIMPSON BOARD MEMBER 1.00
Director
$0 $0 $0
QUANG TRANG BOARD MEMBER 1.00
Director
$0 $0 $0
CATHY WILKINS BOARD MEMBER 1.00
Director
$0 $0 $0
RUDY HERNANDEZ BOARD MEMBER 1.00
Director
$0 $0 $0
AMY GUDMESTAD CHIEF EXECUTIVE OFFICER 50.00
Officer
$188,570 $16,060 $204,630
TIM PETERSON CHIEF FINANCIAL OFFICER 50.00
Officer
$156,012 $11,445 $167,457
ANNA HILFERS CHIEF PROGRAM OFFICER 50.00
Highest
$117,016 $5,584 $122,600
BEN LENTZ CHIEF ADVANCEMENT OFFICER 50.00
Highest
$141,253 $14,481 $155,734
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
2025 $7,503,321 $6,666,169 $8,568,175 $837,152
2023 $7,166,055 $6,544,169 $5,905,697 $621,886
2021 $5,662,588 $4,902,312 $4,038,115 $760,276
2020 $4,603,297 $4,418,027 $3,879,028 $185,270
2019 $4,393,301 $3,974,349 $3,254,548 $418,952
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