MINNESOTA LAND TITLE ASSOCIATION (EIN 416022792) - 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

1908

Legal Domicile

Phone

6513043501

Tax Period

2025-01-01 to 2025-12-31

MINNESOTA LAND TITLE ASSOCIATION, founded in 1908, is a small nonprofit that reported $244K in total revenue in fiscal year 2025. Expenses of $273K exceeded revenue, resulting in a 12% operating deficit.

Mission

EDUCATION AND PROMOTION OF THE TITLE INDUSTRY

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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 (2025)

Revenue Breakdown

Contributions & Grants $128,356

Program Service Revenue $101,459

Investment Income $12,418

Other Revenue $1,800

TOTAL REVENUE $244,033

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,500

Fundraising Expenses $0

Other Expenses $237,623

TOTAL EXPENSES $273,123

Year-over-Year Comparison

	2025	2024	Change
Revenue	$244,033	$241,583	+0.0%
Expenses	$273,123	$279,047	0.0%
Net Income	$-29,090	$-37,464	-0.2%

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

130

Independent Members

130

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

$10,500

Total Directors

$35,500

Key Employees

$25,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD WELSHONS	SEC/TREASURER	5.00	Officer Director	$10,500	$0	$10,500
MELISSA HANSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARON THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
LATASHA SCHIPPER	EXECUTIVE ASSISTANT	10.00	Director Key Emp	$25,000	$0	$25,000
CHAD NOVAK	BOARD MEMBER	1.00	Director	$0	$0	$0
GAVIN WINTER	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
CARL LANGNER	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN GARTLAND	PRESIDENT ELECT	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
2025	$244,033	$273,123	$431,418	$-29,090
2024	$241,583	$279,047	$460,508	$-37,464
2023	$238,261	$236,736	$497,972	$1,525
2022	$244,638	$265,799	$496,447	$-21,161
2021	$203,689	$136,111	$517,608	$67,578
2020	$135,699	$113,439	$450,030	$22,260
2019	$246,033	$241,777	$427,771	$4,256
2018	$222,478	$178,208	$423,515	$44,270

MINNESOTA LAND TITLE ASSOCIATION