MAYO CLINIC ALUMNI ASSOCIATION

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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

2003

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $327,759 Revenue: $174,254

IN KEEPING WITH ITS MISSION, THE ORGANIZATION HELD IN PERSON EVENTS INCLUDING THE 2023 BIENNIAL MEETING IN ROCHESTER, MN, RECEPTIONS AROUND THE COUNTRY FOR VARIOUS ALUMNI ASSOCIATION GROUPS AND...

IN KEEPING WITH ITS MISSION, THE ORGANIZATION HELD IN PERSON EVENTS INCLUDING THE 2023 BIENNIAL MEETING IN ROCHESTER, MN, RECEPTIONS AROUND THE COUNTRY FOR VARIOUS ALUMNI ASSOCIATION GROUPS AND EVENTS FOR ALUMNI OF THE MAYO CLINIC ALIX SCHOOL OF MEDICINE, THE MAYO CLINIC GRADUATE SCHOOL OF BIOMEDICAL SCIENCES AND THE MAYO CLINIC SCHOOL OF GRADUATE MEDICAL EDUCATION.

Program 2

Expenses: $119,333 Revenue: $0

THE ORGANIZATION FACILITATED COMMUNICATION AMONG MAYO FELLOWS/TRAINEES AND WORKED WITH THE MAYO FELLOWS' ASSOCIATION AND ITS OFFICERS TO ASSIST WITH A NUMBER EDUCATIONAL AND SOCIAL ACTIVITIES THROUGH...

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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 $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

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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

N/A

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

Total Directors

Key Employees

Highest Compensated

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