EDUCATION MINNESOTA

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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

MONICA BYRON

Phone

6512279541

Tax Period

2024-09-01 to 2025-08-31

EDUCATION MINNESOTA, founded in 1998, is a mid-sized nonprofit in the Employment sector that reported $40.0M in total revenue in fiscal year 2024.

Mission

EDUCATION MINNESOTA IS A LABOR UNION REPRESENTING APPROXIMATELY 86,000 MEMBERS WHO WORK IN PUBLIC SCHOOLS, HIGHER EDUCATION AND OTHER RELATED FIELDS THROUGHOUT THE STATE.

Program Service Accomplishments

Program 1

EDUCATION MINNESOTA ORGANIZES MEMBERS ON A LOCAL BASIS. EDUCATION MINNESOTA CURRENTLY HAS 486 LOCAL UNIONS STATEWIDE. OUR LOCALS HELP MENTOR NEW TEACHERS, PROVIDE PROFESSIONAL DEVELOPMENT, NEGOTIATE AND MAINTAIN WORK CONTRACTS, AND MUCH MORE. OUR STAFF MEMBERS IN 12 OFFICES STATEWIDE SERVE AS RESOURCES TO OUR LOCALS.

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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 $0

Program Service Revenue $37,571,546

Investment Income $2,102,439

Other Revenue $283,331

TOTAL REVENUE $39,957,316

Expense Breakdown

Grants Paid $3,451,757

Salaries & Benefits $27,291,098

Fundraising Expenses $0

Other Expenses $10,101,091

TOTAL EXPENSES $40,843,946

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,957,316	$39,131,256	+0.0%
Expenses	$40,843,946	$39,655,801	+0.0%
Net Income	$-886,630	$-524,545	+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

201

Volunteers

173

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

$1,322,735

Total Directors

$774,227

Key Employees

$987,455

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE SPECHT	PRESIDENT EN	40.00	Officer Director	$211,883	$52,558	$264,441
MONICA BYRON	PRESIDENT BE	40.00	Officer Director	$182,944	$70,779	$253,723
MARTY FRIDGEN	VICE PRESIDE	40.00	Officer Director	$0	$0	$0
RODNEY ROWE	SEC-TREAS EN	40.00	Officer Director	$209,114	$46,949	$256,063
RYAN FIERECK	SEC-TREAS BE	40.00	Officer Director	$0	$0	$0
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
STACY BARTLETT	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
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
KATIE DICKERSON	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
MARK DUFFY	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
TOM GALLAHER	BOARD MEMBER	2.00	Director	$0	$0	$0
N/A	BOARD MEMBER	2.00	Director	$0	$0	$0
HEIDI HANSON	BOARD MEMBER	2.00	Director	$0	$0	$0
JANELLE HART	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
MICHAEL HOUSTON	BOARD MEMBER	2.00	Director	$0	$0	$0
MARCIA HOWARD	BOARD MEMBER	2.00	Director	$0	$0	$0
MISTY JOBE	BOARD MEMBER	2.00	Director	$0	$0	$0
BRENDA JOHNSON	BOARD MEMBER	2.00	Director	$0	$0	$0
DWAYNE JOHNSON	BOARD MEMBER	2.00	Director	$0	$0	$0
BRENDA KELLEN	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES KELLERMAN	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
KATELYN LILLIS	BOARD MEMBER	2.00	Director	$0	$0	$0
GRETCHEN LONG	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIAN MCCARTHY	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
JIM OLSON	BOARD MEMBER	2.00	Director	$0	$0	$0
ANGELA PEDACE	BOARD MEMBER	2.00	Director	$0	$0	$0
TODD RICHTER	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
KAREN RUBADO	BOARD MEMBER	2.00	Director	$0	$0	$0
HOLLY SCHRUPP	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
HEIDI SIMONS	BOARD MEMBER	2.00	Director	$0	$0	$0
JARED SIMPSON	BOARD MEMBER	2.00	Director	$0	$0	$0
CARRIE SPARKS	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
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
BRADLEY WOLFE	BOARD MEMBER	2.00	Director	$0	$0	$0
CARRIE LUCKING	EXECUTIVE DI	40.00	Officer	$202,999	$76,635	$279,634
MICHAEL ROEHL	CFO	40.00	Officer	$193,912	$74,962	$268,874
ROB GARDNER	FIELD MANAGE	40.00	Key Emp	$180,602	$72,913	$253,515
DAVID ARON	GENERAL COUN	40.00	Key Emp	$178,759	$72,850	$251,609
DAN RIVERA	FIELD MANAGE	40.00	Key Emp	$173,346	$71,691	$245,037
KATHLEEN MICHELETTI	DIR OF PUBLI	40.00	Key Emp	$172,693	$64,601	$237,294
SHANE PATRICK	HR DIRECTOR	40.00	Highest	$165,581	$47,087	$212,668
ALLISON LABREE	DIR POLICY &	40.00	Highest	$165,640	$69,482	$235,122
SARAH DERDOSKI	FIELD MANAGE	40.00	Highest	$157,641	$68,397	$226,038
ATHELGRA WILLIAMS	DIRECTOR OF	40.00	Highest	$154,692	$67,891	$222,583
DEBRA CORHOUSE	ATTORNEY	40.00	Highest	$153,420	$68,710	$222,130

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	$39,957,316	$40,843,946	$91,612,958	$-886,630
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