CFA Society of Minnesota (EIN 411861989) - 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

1952

Legal Domicile

Principal Officer

Shannon Schaaf

Phone

6129304000

Tax Period

2023-09-01 to 2024-08-31

CFA Society of Minnesota, founded in 1952, is a small nonprofit in the Community Improvement sector that reported $471K in total revenue in fiscal year 2023. Expenses of $522K exceeded revenue, resulting in a 11% operating deficit.

Mission

To advance professional excellence while promoting ethical behavior and fellowship through development and engagement opportunities for our 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $461,805

Investment Income $6,774

Other Revenue $2,899

TOTAL REVENUE $471,478

Expense Breakdown

Grants Paid $0

Salaries & Benefits $223,988

Fundraising Expenses $0

Other Expenses $297,643

TOTAL EXPENSES $521,631

Year-over-Year Comparison

	2023	2022	Change
Revenue	$471,478	$462,913	+0.0%
Expenses	$521,631	$464,215	+0.1%
Net Income	$-50,153	$-1,302	+37.5%

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

Employees

Volunteers

100

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

$122,667

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rob Britton	President	10.00	Officer Director	$0	$0	$0
Zachary Wanzek	Vice President	10.00	Officer Director	$0	$0	$0
Cory Markling	Treasurer	10.00	Officer Director	$0	$0	$0
Melissa Gilbertson	Secretary	5.00	Officer Director	$0	$0	$0
Jonathan Levy	Director	5.00	Director	$0	$0	$0
David Slegh	Director	5.00	Director	$0	$0	$0
Phil Stern	Director	5.00	Director	$0	$0	$0
KC Connors	Director	5.00	Director	$0	$0	$0
Mackenzie Merrill	Director	5.00	Director	$0	$0	$0
Katy Farley	Director	5.00	Director	$0	$0	$0
Curt LaChappelle	Director	5.00	Director	$0	$0	$0
Chris Becker	Director	5.00	Director	$0	$0	$0
David Brandmire	Director	5.00	Director	$0	$0	$0
Kathryn Lyons	Past President	5.00	Officer Director	$0	$0	$0
Shannon Schaaf	Executive Director	40.00	Officer	$120,750	$1,917	$122,667

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	$471,478	$521,631	$597,394	$-50,153
2023	$462,913	$464,215	$626,469	$-1,302
2022	$488,537	$414,416	$646,817	$74,121
2021	$381,401	$344,763	$568,505	$36,638
2020	$530,123	$506,536	$502,264	$23,587
2019	$584,583	$595,747	$531,490	$-11,164
2018	$525,427	$497,816	$460,819	$27,611

CFA Society of Minnesota