GREATER MINNESOTA FAMILY SERVICES (EIN 411851475) - 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

1996

Legal Domicile

Principal Officer

GEORGE DUBIE

Phone

3202149692

Tax Period

2023-01-01 to 2023-12-31

GREATER MINNESOTA FAMILY SERVICES, founded in 1996, is a mid-sized nonprofit in the Mental Health sector that reported $17.2M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $15.6M left a modest 9% surplus.

Mission

GMFS WAS FOUNDED WITH THE GOAL OF WORKING TOGETHER WITH FAMILY AND COUNTY AGENCIES TO CREATE A COORDINATED AND EFFECTIVE SERVICE FOR FAMILIES WITH CHILDREN AT RISK OF OUT-OF-HOME PLACEMENT.

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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 $101,956

Program Service Revenue $16,456,199

Investment Income $650,337

Other Revenue $-44,547

TOTAL REVENUE $17,163,945

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,466,830

Fundraising Expenses $0

Program Expenses $13,153,404

Other Expenses $2,145,368

TOTAL EXPENSES $15,612,198

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,163,945	$14,983,092	+0.1%
Expenses	$15,612,198	$13,947,423	+0.1%
Net Income	$1,551,747	$1,035,669	+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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

239

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

$313,321

Total Directors

$389,618

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE DUBIE	CEO	40.00	Officer Director	$125,911	$2,040	$127,951
SHEALYNN JOYCE	THERAPIST	40.00	Highest	$116,692	$2,000	$118,692
KATIE LARSON	THERAPIST	40.00	Highest	$111,439	$2,000	$113,439
STEVE MICHAUD	CPO	40.00	Officer Director	$90,491	$22,296	$112,787
KATHERINE MONNENS	COUNSELOR	40.00	Highest	$100,826	$2,000	$102,826
JOY BENNETT	DIRECTOR	40.00	Director	$51,176	$30,433	$81,609
ALISON WALZ	BOARD CHAIR	40.00	Officer	$71,343	$1,240	$72,583
HAILEY WESTER	DIRECTOR	40.00	Director	$48,556	$18,715	$67,271

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	$17,163,945	$15,612,198	$26,304,350	$1,551,747
2022	$14,983,092	$13,947,423	$24,381,981	$1,035,669
2021	$21,571,553	$13,888,981	$25,238,969	$7,682,572
2020	$14,981,029	$13,210,962	$18,848,668	$1,770,067
2019	$15,745,171	$13,770,545	$14,803,506	$1,974,626
2018	$14,272,585	$12,427,685	$11,819,695	$1,844,900

GREATER MINNESOTA FAMILY SERVICES