Minnesota Rural Education Association (EIN 411878133) - 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

1997

Legal Domicile

Principal Officer

Jeff Drake

Phone

3207626574

Tax Period

2024-07-01 to 2025-06-30

Minnesota Rural Education Association, founded in 1997, is a small nonprofit that reported $874K in total revenue in fiscal year 2024. Expenses of $826K left a modest 5% surplus.

Mission

To act as a voice to strengthen education in Greater Minnesota through leadership in legislative actions. The goals of the Organization regarding legislative action include: being a key player in education policy, continually redefining rural education, presenting a positive and achievable program to the legislature, and strengthening education at the State level.

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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 $697,879

Program Service Revenue $126,832

Investment Income $48,862

Other Revenue $0

TOTAL REVENUE $873,573

Expense Breakdown

Grants Paid $0

Salaries & Benefits $344,169

Fundraising Expenses $0

Program Expenses $643,053

Other Expenses $481,631

TOTAL EXPENSES $825,800

Year-over-Year Comparison

	2024	2023	Change
Revenue	$873,573	$836,812	+0.0%
Expenses	$825,800	$669,672	+0.2%
Net Income	$47,773	$167,140	-0.7%

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

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

$650

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Judy Moeller	Director	1.25	Director	$650	$0	$650
Jim Ferden	Director	1.25	Director	$0	$0	$0
Cliff Carmody	Director	1.25	Director	$0	$0	$0
Paul Brinkman	Director	1.25	Director	$0	$0	$0
Craig Brenden	Director	1.25	Director	$0	$0	$0
Sonia Wadena	At-Large	1.25	Director	$0	$0	$0
Melissa Sparks	Director	1.25	Director	$0	$0	$0
Melissa Sunderman	Director	1.25	Director	$0	$0	$0
Ryan Walseth	Director	1.25	Director	$0	$0	$0
Sarah Bauck	Director	1.25	Director	$0	$0	$0
Mark Swenson	Director	1.25	Director	$0	$0	$0
Jenny Maras	Director	1.25	Director	$0	$0	$0
Jeff Lund	Director	1.25	Director	$0	$0	$0
Jeff Drake	President Elect	1.25	Director	$0	$0	$0
Lance Bagstad	Director	1.25	Director	$0	$0	$0
Becky Paluch	Director	1.25	Director	$0	$0	$0
Danielle Schock	Director	1.25	Director	$0	$0	$0
Tammy Roth	Director	1.25	Director	$0	$0	$0
Matt Schultz	Director	1.25	Director	$0	$0	$0
Doug Hazen	Director	1.25	Director	$0	$0	$0
Nels Onstad	Director	1.25	Director	$0	$0	$0
Mark Schmitz	Director	1.25	Director	$0	$0	$0
Jake Thompson	Director	1.25	Director	$0	$0	$0
Boyd Bradbury	President	2.00	Officer	$0	$0	$0
Karla Beck	Secretary-Treas	2.00	Officer	$0	$0	$0
Michelle Rinke Koch	Past President	2.00	Officer	$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	$873,573	$825,800	$1,450,705	$47,773
2024	$836,812	$669,672	$1,491,709	$167,140
2023	$767,836	$603,961	$1,312,334	$163,875
2022	$686,102	$578,332	$1,108,851	$107,770
2021	$566,751	$472,661	$1,121,697	$94,090
2020	$675,391	$599,498	$903,848	$75,893
2019	$619,749	$530,836	$823,331	$88,913

Minnesota Rural Education Association