EDUCATION MINNESOTA (EIN 411916882) - 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

1998

Legal Domicile

Principal Officer

DENISE SPECHT

Phone

6512279541

Tax Period

2023-09-01 to 2024-08-31

EDUCATION MINNESOTA, founded in 1998, is a mid-sized nonprofit in the Employment sector that reported $39.1M in total revenue in fiscal year 2023.

Mission

EDUCATION MINNESOTA IS A LABOR UNION REPRESENTING APPROXIMATELY 87,000 MEMBERS WHO WORK IN PUBLIC SCHOOLS, HIGHER EDUCATION AND OTHER RELATED FIELDS THROUGHOUT THE STATE.

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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 $37,082,379

Investment Income $1,758,252

Other Revenue $290,625

TOTAL REVENUE $39,131,256

Expense Breakdown

Grants Paid $3,033,061

Salaries & Benefits $26,314,905

Fundraising Expenses $0

Other Expenses $10,307,835

TOTAL EXPENSES $39,655,801

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,131,256	$38,029,399	+0.0%
Expenses	$39,655,801	$38,054,696	+0.0%
Net Income	$-524,545	$-25,297	+19.7%

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

182

Volunteers

191

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

$1,294,108

Total Directors

$760,509

Key Employees

$947,824

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE SPECHT	PRESIDENT	40.00	Officer Director	$209,259	$51,221	$260,480
MONICA BYRON	VICE PRESIDE	40.00	Officer Director	$176,618	$67,909	$244,527
RODNEY ROWE	SECRETARY-TR	40.00	Officer Director	$209,883	$45,619	$255,502
AMY AHO	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMIE ALSLEBEN	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHELLE BACON	BOARD MEMBER	2.00	Director	$0	$0	$0
HEATHER BAKKE	BOARD MEMBER	2.00	Director	$0	$0	$0
JEROME BELLEFEUILLE	BOARD MEMBER	2.00	Director	$0	$0	$0
RICHARD BETTINI	BOARD MEMBER	2.00	Director	$0	$0	$0
MELISSA BUCKLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
GRETA CALLAHAN	BOARD MEMBER	2.00	Director	$0	$0	$0
KIMBERLY COLBERT	BOARD MEMBER	2.00	Director	$0	$0	$0
ANNETTE DAVIS	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHELLE DENNARD	BOARD MEMBER	2.00	Director	$0	$0	$0
TRACY DETLOFF	BOARD MEMBER	2.00	Director	$0	$0	$0
MARK DOMEIER	BOARD MEMBER	2.00	Director	$0	$0	$0
AARON DONAIS	BOARD MEMBER	2.00	Director	$0	$0	$0
GENEVA DORSEY	BOARD MEMBER	2.00	Director	$0	$0	$0
WENDY DRUGGE-WUENSCH	BOARD MEMBER	2.00	Director	$0	$0	$0
CAITLIN EFTA	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS ERICKSON	BOARD MEMBER	2.00	Director	$0	$0	$0
RYAN FIERECK	BOARD MEMBER	2.00	Director	$0	$0	$0
MARTY FRIDGEN	BOARD MEMBER	2.00	Director	$0	$0	$0
N/A	BOARD MEMBER	2.00	Director	$0	$0	$0
JANELLE HART	BOARD MEMBER	2.00	Director	$0	$0	$0
AL HELGERSON	BOARD MEMBER	2.00	Director	$0	$0	$0
JESSIE HOLM	BOARD MEMBER	2.00	Director	$0	$0	$0
VALERIE HOLTHUS	BOARD MEMBER	2.00	Director	$0	$0	$0
BRENDA JOHNSON	BOARD MEMBER	2.00	Director	$0	$0	$0
TAMMY KNAPPER	BOARD MEMBER	2.00	Director	$0	$0	$0
MARIA LE SELMER	BOARD MEMBER	2.00	Director	$0	$0	$0
GRETCHEN LONG	BOARD MEMBER	2.00	Director	$0	$0	$0
MAUREEN MORROW	BOARD MEMBER	2.00	Director	$0	$0	$0
JASMAN MYERS	BOARD MEMBER	2.00	Director	$0	$0	$0
LISA OLSON	BOARD MEMBER	2.00	Director	$0	$0	$0
ANGELA PEDACE	BOARD MEMBER	2.00	Director	$0	$0	$0
BETY RIOS-CHRISTENSEN	BOARD MEMBER	2.00	Director	$0	$0	$0
JUDY ROHDE	BOARD MEMBER	2.00	Director	$0	$0	$0
WILLIAM SCHWANDT	BOARD MEMBER	2.00	Director	$0	$0	$0
MARTY SCOFIELD	BOARD MEMBER	2.00	Director	$0	$0	$0
HOLLY SCHRUPP	BOARD MEMBER	2.00	Director	$0	$0	$0
JARED SIMPSON	BOARD MEMBER	2.00	Director	$0	$0	$0
MARK SWENSON	BOARD MEMBER	2.00	Director	$0	$0	$0
WES TESSMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
KIM THOLE	BOARD MEMBER	2.00	Director	$0	$0	$0
GLAZELL TOLEDO	BOARD MEMBER	2.00	Director	$0	$0	$0
LEAH VANDASSOR	BOARD MEMBER	2.00	Director	$0	$0	$0
STACEY VANDERPORT	BOARD MEMBER	2.00	Director	$0	$0	$0
MATTHEW WILMES	BOARD MEMBER	2.00	Director	$0	$0	$0
CARRIE LUCKING	EXECUTIVE DI	40.00	Officer	$198,348	$72,975	$271,323
MICHAEL ROEHL	CFO	40.00	Officer	$190,745	$71,531	$262,276
ROB GARDNER	FIELD MANAGE	40.00	Key Emp	$173,885	$68,790	$242,675
DAVID ARON	GENERAL COUN	40.00	Key Emp	$172,008	$68,730	$240,738
DAN RIVERA	FIELD MANAGE	40.00	Key Emp	$169,139	$67,987	$237,126
KATHLEEN MICHELETTI	DIR OF PUBLI	40.00	Key Emp	$166,332	$60,953	$227,285
SHANE PATRICK	HR DIRECTOR	40.00	Highest	$158,273	$44,052	$202,325
ALLISON LABREE	DIR POLICY &	40.00	Highest	$157,047	$64,832	$221,879
MARGARET LUGER-NIKOLI	ATTORNEY	40.00	Highest	$148,795	$64,703	$213,498
DEBRA CORHOUSE	ATTORNEY	40.00	Highest	$148,344	$65,368	$213,712
INELLA JACK	CONTROLLER	40.00	Highest	$147,949	$64,786	$212,735

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	$39,131,256	$39,655,801	$80,647,216	$-524,545
2023	$38,029,399	$38,054,696	$73,830,906	$-25,297
2022	$36,600,691	$37,102,491	$64,810,389	$-501,800
2021	$38,243,817	$38,493,081	$66,283,893	$-249,264
2020	$37,451,959	$41,004,651	$65,835,881	$-3,552,692
2019	$35,849,336	$34,184,433	$61,183,164	$1,664,903
2018	$36,947,598	$35,608,879	$58,223,382	$1,338,719

EDUCATION MINNESOTA