GREATER MINNESOTA MANAGEMENT INC

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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

TRISHA DALLY

Phone

2186876093

Tax Period

2023-07-01 to 2024-06-30

GREATER MINNESOTA MANAGEMENT INC, founded in 1997, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.4M left a modest 9% surplus.

Mission

MANAGING RENTAL HOUSING PROJECTS BUILT WITH ESSENTIAL FUNCTION BONDS.

Program Service Accomplishments

Program 1

Expenses: $1,128,854 Revenue: $1,460,903

GREATER MINNESOTA MANAGEMENT WRITES THIRD PARTY MANAGEMENT CONTRACTS WITH THE OWNERS TO PROVIDE FULL MANAGEMENT SERVICES AS SPECIFIED IN THE DETAILED MANAGEMENT CONTRACT. THE SERVICES INCLUDE FULL...

GREATER MINNESOTA MANAGEMENT WRITES THIRD PARTY MANAGEMENT CONTRACTS WITH THE OWNERS TO PROVIDE FULL MANAGEMENT SERVICES AS SPECIFIED IN THE DETAILED MANAGEMENT CONTRACT. THE SERVICES INCLUDE FULL ACCOUNTING SERVICE, MARKETING THE PROPERTY, QUALIFYING THE APPLICANTS, MANAGING THE LEASES, AND ADMINISTRATING THE MAINTENANCE OF THE PROPERTY. DURING 2024 GREATER MINNESOTA MANAGEMENT MANAGED 902 RENTAL UNITS.

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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 $1,460,903

Investment Income $63,240

Other Revenue $23,700

TOTAL REVENUE $1,547,843

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,292,935

Fundraising Expenses $0

Program Expenses $1,128,854

Other Expenses $118,148

TOTAL EXPENSES $1,411,083

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,547,843	$1,503,167	+0.0%
Expenses	$1,411,083	$1,448,942	0.0%
Net Income	$136,760	$54,225	+1.5%

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

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

$201,562

Total Directors

$4,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE LANDSVERK	PRESIDENT	0.50	Officer Director	$250	$0	$650
SUE CHRISTIANSON	SECRETARY/TREASURER	0.50	Officer Director	$250	$0	$650
TIM FLATHERS	BOARD MEMBER	0.50	Director	$250	$0	$650
TOM JONES	BOARD MEMBER	0.50	Director	$250	$0	$600
LEE MEIER	BOARD MEMBER	0.50	Director	$250	$0	$650
MARK FINSTAD	BOARD MEMBER	0.50	Director	$250	$0	$650
JESS FRENZEL	BOARD MEMBER	0.50	Director	$250	$0	$650
CHARITY BRAULT	EX-OFFICIO	0.50	Director	$0	$0	$0
KRISTEN MORGENROTH	DIRECTOR OF FINANCES	20.00	Officer	$92,992	$0	$92,992
TRISHA DALLY	CEO	20.00	Officer	$107,270	$0	$107,270

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	No data	No data	No data	No data
2024	$1,547,843	$1,411,083	$2,899,953	$136,760
2023	$1,503,167	$1,448,942	$2,746,245	$54,225
2022	$1,484,225	$1,439,686	$2,693,096	$44,539
2021	$1,316,479	$1,188,061	$2,634,454	$128,418
2020	$1,234,213	$1,079,356	$2,619,721	$154,857
2019	$1,165,499	$1,023,179	$2,272,431	$142,320