SERVEMINNESOTA (EIN 412010058) - 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

2000

Legal Domicile

Principal Officer

JULIA QUANRUD

Phone

6123337740

Tax Period

2023-09-01 to 2024-08-31

SERVEMINNESOTA, founded in 2000, is a mid-sized nonprofit in the Community Improvement sector that reported $72.9M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

SERVEMINNESOTA IS A CATALYST TO ADDRESS CRITICAL NEEDS IN MINNESOTA BY WORKING WITH AMERICORPS AND COMMUNITY PARTNERS. WE SHARE OUR PROVEN PRACTICES NATIONALLY.

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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 $69,883,429

Program Service Revenue $2,941,042

Investment Income $55,032

Other Revenue $400

TOTAL REVENUE $72,879,903

Expense Breakdown

Grants Paid $66,213,339

Salaries & Benefits $3,957,572

Fundraising Expenses $517,006

Program Expenses $70,497,257

Other Expenses $2,094,808

TOTAL EXPENSES $72,265,719

Year-over-Year Comparison

	2023	2022	Change
Revenue	$72,879,903	$56,624,929	+0.3%
Expenses	$72,265,719	$56,773,242	+0.3%
Net Income	$614,184	$-148,313	-5.1%

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

$142,035

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIA QUANRUD	CEO - AS OF APRIL 2023	40.00	Officer	$131,930	$0	$142,035
JANET JOHNSON	VP OF OPERATIONS	40.00	Highest	$136,514	$0	$158,660
DMITRY KONOPATSKI	PRINCIPAL SOFTWARE	40.00	Highest	$129,558	$0	$144,883
LYNN LEWIS	VP OF FINANCE	40.00	Highest	$135,968	$0	$152,798
LISA WINKLER	VP EXTERNAL RELATIONS	40.00	Highest	$135,843	$0	$156,828
DAVID PARKER	VP OF RESEARCH & DEVELOPME	40.00	Highest	$122,692	$0	$127,941
PHILIP RUTHERFORD	CHAIR	2.00	Officer Director	$0	$0	$0
JOHN ELLENBERGER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
WILLIAM ARENDT	TREASURER	2.00	Officer Director	$0	$0	$0
NOMIN ANGARAG	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER BARTELS	DIRECTOR	2.00	Director	$0	$0	$0
ESSENCE BLAKEMORE	DIRECTOR	2.00	Director	$0	$0	$0
SARAH CLYNE	DIRECTOR	2.00	Director	$0	$0	$0
LOIS DUFFY	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH EMERSON	DIRECTOR	2.00	Director	$0	$0	$0
LINDA GILLIGAN	DIRECTOR	2.00	Director	$0	$0	$0
WILLIE JETT	DIRECTOR	2.00	Director	$0	$0	$0
CURTIS JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
KATE KELLY	DIRECTOR	2.00	Director	$0	$0	$0
KAREN LARSON	DIRECTOR	2.00	Director	$0	$0	$0
MAURICIO LEON MENDEZ	DIRECTOR	2.00	Director	$0	$0	$0
JANE LEONARD	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL MCCONNELL	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE MONCADA	DIRECTOR	2.00	Director	$0	$0	$0
SHELLY MUNOZ	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH NAYQUONABE	DIRECTOR	2.00	Director	$0	$0	$0
NATHAN PROUTY	DIRECTOR	2.00	Director	$0	$0	$0
MARY QUIRK	DIRECTOR	2.00	Director	$0	$0	$0
AMY WALSTIEN	DIRECTOR	2.00	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
2024	$72,879,903	$72,265,719	$13,824,908	$614,184
2023	$56,624,929	$56,773,242	$13,878,155	$-148,313
2022	$50,764,161	$49,203,813	$10,786,678	$1,560,348
2021	$42,573,491	$42,234,422	$9,195,680	$339,069
2020	$32,846,460	$32,927,109	$8,655,787	$-80,649
2019	$33,332,638	$32,772,346	$8,914,140	$560,292
2018	$33,810,167	$34,621,878	$7,219,190	$-811,711

SERVEMINNESOTA