MINNESOTA MILITARY FAMILY FOUNDATI… - 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

1995

Legal Domicile

Principal Officer

SUSAN KENNEDY

Phone

7635442255

Tax Period

2025-01-01 to 2025-12-31

MINNESOTA MILITARY FAMILY FOUNDATION, founded in 1995, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.3M in total revenue in fiscal year 2025. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 77% operating margin.

Mission

THE PURPOSE OF THE FOUNDATION IS TO PROVIDE TIMELY FINANCIAL ASSISTANCE TO DEPLOYED AND CURRENTLY SERVING MINNESOTA MILITARY PERSONNEL AND THEIR FAMILIES, WHO HAVE A FINANCIAL CRISIS THAT IS NOT SUPPORTED BY EXISTING STATE OR FEDERAL PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $480,440 Revenue: $0

MINNESOTA MILITARY FAMILY FOUNDATION (THE FOUNDATION) IS A COMMUNITY-SUPPORTED FUND FOUNDED IN NOVEMBER 2004. CONTRIBUTIONS ARE MADE BY PEOPLE WHO UNDERSTAND THAT THERE ARE MANY SACRIFICES THAT...

MINNESOTA MILITARY FAMILY FOUNDATION (THE FOUNDATION) IS A COMMUNITY-SUPPORTED FUND FOUNDED IN NOVEMBER 2004. CONTRIBUTIONS ARE MADE BY PEOPLE WHO UNDERSTAND THAT THERE ARE MANY SACRIFICES THAT MILITARY FAMILIES MAKE AND WANT TO HELP SOFTEN THE FINANCIAL HARDSHIPS THAT MAY OCCUR, ESPECIALLY WHEN A FAMILY MEMBER IS DEPLOYED, BY PROVIDING A FINANCIAL SAFETY NET. THE FOUNDATION DISTRIBUTES MONEY, THROUGH GRANTS, TO MINNESOTA MILITARY FAMILIES THAT NEED HELP. THE FOUNDATION WORKS CLOSELY WITH THE SOLDIER AND FAMILY READINESS SPECIALISTS (SFRS). THE SFRS COMMUNICATES DIRECTLY WITH MILITARY MEMBERS AND THEIR FAMILIES. THEY DIRECT REQUEST TO THE FOUNDATION AND PROVIDE DETAILS OF THE SERVICE MEMBERS' FINANCIAL NEEDS. THE FOUNDATION PAYS MORTGAGE PAYMENTS, RENTS, UTILITIES, CAR PAYMENTS, MEDICAL BILLS AND OTHER NEEDS ON BEHALF OF THE SERVICE MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,237,190

Program Service Revenue $0

Investment Income $1,098,400

Other Revenue $-13,415

TOTAL REVENUE $2,322,175

Expense Breakdown

Grants Paid $480,440

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $480,440

Other Expenses $59,385

TOTAL EXPENSES $539,825

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,322,175	$1,872,537	+0.2%
Expenses	$539,825	$521,265	+0.0%
Net Income	$1,782,350	$1,351,272	+0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL POPP	PRESIDENT	3.00	Officer Director	$0	$0	$0
TOM LYONS	VICE PRESIDENT	8.00	Officer Director	$0	$0	$0
TIM KENNEDY	SECRETARY/EXECUTIVE DIRECTOR	10.00	Officer Director	$0	$0	$0
SUSAN KENNEDY	TREASURER	18.00	Officer Director	$0	$0	$0
DENNIS ANGELL	DIRECTOR	5.00	Director	$0	$0	$0
JASON BURLEY	DIRECTOR	5.00	Director	$0	$0	$0
JAMES CAREY	DIRECTOR	2.00	Director	$0	$0	$0
DAVID HAMLAR	DIRECTOR	1.00	Director	$0	$0	$0
TOM HOKR	DIRECTOR (THROUGH JUNE 2025)	5.00	Director	$0	$0	$0
TOM JENKINS	DIRECTOR	2.50	Director	$0	$0	$0
TIM MCELROY	DIRECTOR	9.00	Director	$0	$0	$0
BUDDY WINN	DIRECTOR	2.00	Director	$0	$0	$0
DON KERR	DIRECTOR	1.00	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
2025	$2,322,175	$539,825	$13,898,352	$1,782,350
2024	$1,872,537	$521,265	$11,863,382	$1,351,272
2023	$1,500,868	$686,457	$10,103,909	$814,411
2022	$1,226,671	$830,458	$8,517,886	$396,213
2021	$1,432,845	$354,741	$9,053,390	$1,078,104
2020	$1,078,878	$307,730	$7,591,193	$771,148
2019	$1,185,182	$435,752	$6,420,894	$749,430
2019	$1,185,182	$435,752	$6,420,894	$749,430
2018	$1,504,414	$403,486	$5,130,335	$1,100,928

MINNESOTA MILITARY FAMILY FOUNDATION