MAYO CLINIC ALUMNI ASSOCIATION

EIN: 411995295 501(c)(3) Education

ROCHESTER, MN

Total Revenue
$496,797
Total Expenses
$495,998
Total Assets
$2,012,677
Net Assets
$665,610
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
MN
Principal Officer
JUDITH ANDERSON
Phone
5072842317
Tax Period
2023-01-01 to 2023-12-31

MAYO CLINIC ALUMNI ASSOCIATION, founded in 2003, is a small nonprofit in the Education sector that reported $497K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring.

Mission

CONNECTING OUR ALUMNI AND BRINGING MAYO CLINIC VALUES TO THE WORLD.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $299,896
Program Service Revenue $49,083
Investment Income $12,460
Other Revenue $135,358
TOTAL REVENUE $496,797

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $447,092
Other Expenses $371,235
TOTAL EXPENSES $495,998

Year-over-Year Comparison

2023 2022 Change
Revenue $496,797 $694,543 -0.3%
Expenses $495,998 $681,176 -0.3%
Net Income $799 $13,367 -0.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
30
Independent Members
30
Employees
N/A
Volunteers
75

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
6
$0
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THERESA S EMORY PRESIDENT 1.00
Officer Director
$0 $0 $0
BURKHARD WIPPERMANN PRESIDENT ELECT 1.00
Officer Director
$0 $0 $0
CARL L BACKER PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
MELANIE L BROWN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
M MOLLY MCMAHON SECRETARY-TREASURER 1.00
Officer Director
$0 $0 $0
AMADO BAEZ DIRECTOR 1.00
Director
$0 $0 $0
THOMAS J SMITH DIRECTOR 1.00
Director
$0 $0 $0
SWARNA BALASUBRAMANIAM DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN HOGAN DIRECTOR 1.00
Director
$0 $0 $0
SAIYID AKBAR HASAN DIRECTOR 1.00
Director
$0 $0 $0
PATRICIA YUGUEROS DIRECTOR 1.00
Director
$0 $0 $0
OLUFUNSO ODUNUKAN DIRECTOR 1.00
Director
$0 $0 $0
OLAYEMI YEMI SOKUMBI DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL ROCK DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL PHAM DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW WENDT DIRECTOR 1.00
Director
$0 $0 $0
VIRGINIA SHAPIRO DIRECTOR 1.00
Director
$0 $0 $0
KYLE KIRCHER DIRECTOR 1.00
Director
$0 $0 $0
LINDA DROZDOWICZ DIRECTOR 1.00
Director
$0 $0 $0
KAJETAN L VON ECKARDSTEIN DIRECTOR 1.00
Director
$0 $0 $0
ERIN A GILLASPIE DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH NESSET FERGUSON DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH COZINE DIRECTOR 1.00
Director
$0 $0 $0
ELAINE YACYSHYN DIRECTOR 1.00
Director
$0 $0 $0
EDDIE GREENE DIRECTOR 1.00
Director
$0 $0 $0
DANIEL J TOWNSEND DIRECTOR 1.00
Director
$0 $0 $0
DANIEL CHAN DIRECTOR 1.00
Director
$0 $0 $0
KUMAR BALA DIRECTOR 1.00
Director
$0 $0 $0
DARCY REED DIRECTOR 1.00
Director
$0 $0 $0
JUDITH ANDERSON EXECUTIVE DIRECTOR 1.00
Officer
$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
2024 No data No data No data No data
2023 $496,797 $495,998 $2,012,677 $799
2022 $694,543 $681,176 $2,087,397 $13,367
2021 $773,730 $439,471 $2,120,592 $334,259
2020 $602,565 $215,445 $1,770,805 $387,120
2019 $957,521 $688,585 $1,412,815 $268,936
2018 $798,971 $814,848 $1,091,130 $-15,877
Explore More Nonprofits
→Top 100 Nonprofits in Minnesota →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare MAYO CLINIC ALUMNI ASSOCIATION with other nonprofits in Minnesota and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.