CLEARWAY MINNESOTA (SM) (EIN 411921094) - 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

J PATRICK PLUNKETT

Phone

9528963364

Tax Period

2021-07-01 to 2022-02-28

CLEARWAY MINNESOTA (SM), founded in 1998, is a micro nonprofit that reported $8K in total revenue in fiscal year 2021. Expenses of $1.2M exceeded revenue, resulting in a 16257% operating deficit.

Mission

CLEARWAY MINNESOTA WAS AN INDEPENDENT NONPROFIT ORGANIZATION WORKING TO IMPROVE THE HEALTH OF ALL MINNESOTANS BY ELIMINATING THE HARM CAUSED BY TOBACCO. CLEARWAY MINNESOTA WAS CREATED IN 1998 TO ADMINISTER 3 PERCENT ($202 MILLION) OF MINNESOTA'S TOBACCO SETTLEMENT FUNDS OVER A PERIOD OF NO MORE THAN 25 YEARS. CLEARWAY MINNESOTA'S MISSION WAS TO ENHANCE LIFE FOR ALL MINNESOTANS BY REDUCING TOBACCO USE AND EXPOSURE TO SECONDHAND SMOKE THROUGH RESEARCH, ACTION AND COLLABORATION. THE ORGANIZATION'S WORK WAS GROUNDED IN ESTABLISHED AND EMERGING SCIENCE AND IN PUBLIC HEALTH BEST AND PROMISING PRACTICES. THROUGH FISCAL YEAR 2020, IT INCLUDED A COMPREHENSIVE BODY OF TOBACCO CESSATION PROGRAMS (MARKETED AS QUITPLAN SERVICES), EXTENSIVE GRANT-MAKING ACTIVITIES IN AREAS OF RESEARCH, POLICY AND COMMUNITY DEVELOPMENT, AND MEDIA CAMPAIGNS TO RAISE AWARENESS OF TOBACCO'S HARMS AND TO PROMOTE QUITTING. THE BULK OF ACTIVITIES IN FISCAL YEAR 2021 AND THE FIRST SIX MONTHS OF FISCAL YEAR 2022 (THE FINAL MONTHS OF THE ORGANIZATION'S EXISTENCE) WERE RELATED TO CLOSING DOWN PROGRAMS AND PREPARING TO CEASE OPERATIONS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $4,738

Other Revenue $2,819

TOTAL REVENUE $7,557

Expense Breakdown

Grants Paid $445,137

Salaries & Benefits $546,896

Fundraising Expenses $0

Program Expenses $523,531

Other Expenses $244,099

TOTAL EXPENSES $1,236,132

Year-over-Year Comparison

	2021	2020	Change
Revenue	$7,557	$-74,171	-1.1%
Expenses	$1,236,132	$4,178,281	-0.7%
Net Income	$-1,228,575	$-4,252,452	-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

N/A

Independent Members

N/A

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

$303,339

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID J WILLOUGHBY	CHIEF EXECUTIVE OFFICER	40.00	Officer	$226,838	$76,501	$303,339
MOLLY MOILANEN	VICE PRESIDENT - THROUGH 11/30/21	40.00	Highest	$171,515	$49,321	$220,836
LANA KOPYLOV - DIRECTOR	OF FINANCE - THROUGH 12/31/2021	40.00	Highest	$137,342	$44,639	$181,981
NICOLE TOVES - DIRECTOR OF	HEALTH EQUITY PROGRAMS -THRU 8/31/21	40.00	Highest	$127,754	$30,846	$158,600
JOANNE D'SILVA - DIRECTOR OF	HEALTH EQUITY RESEARCH -THRU 8/31/21	40.00	Highest	$136,422	$21,169	$157,591
ADAM KINTOPF - DIRECTOR OF	STRATEGIC COMMUNICATIONS-THRU 11/21	40.00	Highest	$122,668	$33,807	$156,475
KAREN KRAEMER	BOARD CHAIR - THROUGH 12/31/2021	4.00	Officer Director	$0	$0	$0
BRIAN OSBERG	VICE CHAIR - THROUGH 12/31/2021	2.00	Officer Director	$0	$0	$0
LAURIE LAFONTAINE	TREASURER - THROUGH 12/31/2021	2.00	Officer Director	$0	$0	$0
GAIL AMUNDSON	DIRECTOR - THROUGH 7/21/2021	1.00	Director	$0	$0	$0
JANET AVERY	DIRECTOR - THROUGH 7/21/2021	1.00	Director	$0	$0	$0
MAE BROOKS	DIRECTOR - THROUGH 7/21/2021	1.00	Director	$0	$0	$0
JUDY BROWN	DIRECTOR - THROUGH 7/21/2021	1.00	Director	$0	$0	$0
NEVADA LITTLEWOLF	DIRECTOR - THROUGH 7/21/2021	1.00	Director	$0	$0	$0
SARAH OQUIST	DIRECTOR - THROUGH 7/21/2021	1.00	Director	$0	$0	$0
ANNE VARS	DIRECTOR - THROUGH 7/21/2021	1.00	Director	$0	$0	$0
GREG WULF	DIRECTOR - THROUGH 7/21/2021	1.00	Director	$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
2022	$7,557	$1,236,132	No data	$-1,228,575

CLEARWAY MINNESOTA (SM)