Minnesota Association of Charter Schools (EIN 411961473) - 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

1996

Legal Domicile

Principal Officer

Joseph Cienian

Phone

6517893090

Tax Period

2024-07-01 to 2025-06-30

Minnesota Association of Charter Schools, founded in 1996, is a small nonprofit in the Education sector that reported $615K in total revenue in fiscal year 2024.

Mission

The MN Association of Charter Schools, as a membership organization, advocates for fair and just education policies for students in charter schools, supports charter school innovation, quality, and accountability, and facilitates cooperation in Minnesota's charter school community to promote equitable opportunities and excellence in education for students.

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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 $1,000

Program Service Revenue $608,154

Investment Income $5,556

Other Revenue $0

TOTAL REVENUE $614,710

Expense Breakdown

Grants Paid $0

Salaries & Benefits $436,697

Fundraising Expenses $0

Program Expenses $536,217

Other Expenses $233,575

TOTAL EXPENSES $670,272

Year-over-Year Comparison

	2024	2023	Change
Revenue	$614,710	$580,538	+0.1%
Expenses	$670,272	$526,854	+0.3%
Net Income	$-55,562	$53,684	-2.0%

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

$143,964

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shelly Pierson Evans	Board Chair	2.00	Officer Director	$0	$0	$0
Shannon Peterson	Board Secretary	2.00	Officer Director	$0	$0	$0
Nicole Rasmussen	Board Treasurer	2.00	Officer Director	$0	$0	$0
Betsy Lueth	Director	2.00	Director	$0	$0	$0
Suleiman Adan	Director	2.00	Director	$0	$0	$0
Mark Bjornrud	Director	2.00	Director	$0	$0	$0
Katie Groh de Avina	Director	2.00	Director	$0	$0	$0
Dr Mongsher Ly	Director	2.00	Director	$0	$0	$0
Brett Wedlund	Director	2.00	Director	$0	$0	$0
Beth Topoluk	Director	2.00	Director	$0	$0	$0
Brandon Wait	Director	2.00	Director	$0	$0	$0
Linda Slocum	Director	2.00	Director	$0	$0	$0
Carl Schlueter	Director	2.00	Director	$0	$0	$0
Joey Cienian	Executive Director	40.00	Officer	$134,645	$9,319	$143,964

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	$614,710	$670,272	$603,958	$-55,562
2024	$580,538	$526,854	$637,141	$53,684
2023	$526,294	$489,257	$549,452	$37,037
2022	$503,432	$418,226	$521,404	$85,206
2021	$523,480	$398,861	$468,466	$124,619
2020	$491,883	$436,195	$393,760	$55,688
2019	$448,610	$415,694	$321,614	$32,916

Minnesota Association of Charter Schools