MINNESOTA MEDICAL ASSOCIATION FOUNDATION (EIN 416031551) - 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

1958

Legal Domicile

Principal Officer

KRISTEN GLOEGE

Phone

6123781875

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA MEDICAL ASSOCIATION FOUNDATION, founded in 1958, is a small nonprofit that reported $295K in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $104K, a strong 35% operating margin.

Mission

THE FOUNDATION'S MISSION IS TO ADVANCE THE MMA'S MISSION TO BE THE LEADING VOICE OF MEDICINE, TO MAKE MINNESOTA THE HEALTHIEST STATE, AND THE BEST PLACE TO PRACTICE.

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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 $201,140

Program Service Revenue $0

Investment Income $89,455

Other Revenue $4,140

TOTAL REVENUE $294,735

Expense Breakdown

Grants Paid $20,407

Salaries & Benefits $69,378

Fundraising Expenses $0

Program Expenses $130,683

Other Expenses $100,862

TOTAL EXPENSES $190,647

Year-over-Year Comparison

	2023	2022	Change
Revenue	$294,735	$179,890	+0.6%
Expenses	$190,647	$105,348	+0.8%
Net Income	$104,088	$74,542	+0.4%

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

$113,495

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUAN BOWEN MD	PAST-PRESIDENT	1.00	Director	$0	$0	$0
GEORGE SCHOEPHOERSTER MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
JANET SILVERSMITH	SECRETARY	1.00	Officer Director	$0	$0	$0
STEPHEN PALMQUIST MD	TREASURER	1.00	Officer Director	$0	$0	$0
GEORGE LOHMER	DIRECTOR	1.00	Director	$0	$0	$0
MACARAN BAIRD MD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID AGERTER MD	DIRECTOR	1.00	Director	$0	$0	$0
ED EHLINGER MD	DIRECTOR	1.00	Director	$0	$0	$0
VERNA THORNTON MD	DIRECTOR	1.00	Director	$0	$0	$0
FATIMA JIWA MBCHB	DIRECTOR	1.00	Director	$0	$0	$0
KASEY JUSTESEN MD	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY ONYEJIAKA	DIRECTOR	1.00	Director	$0	$0	$0
ALEX ANTEZANA	DIRECTOR	1.00	Director	$0	$0	$0
GABRIELLE CUMMINGS	DIRECTOR	1.00	Director	$0	$0	$0
NICK JUNGBAUER	DIRECTOR	1.00	Director	$0	$0	$0
MARILYN PEITSO MD	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN GLOEGE	CHIEF EXECUTIVE OFFICER	12.90	Officer	$0	$16,482	$113,495

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	$294,735	$190,647	$1,969,476	$104,088
2022	$179,890	$105,348	$1,971,226	$74,542
2021	$303,546	$100,381	$1,930,800	$203,165
2020	$210,681	$125,215	$1,628,406	$85,466
2019	$137,745	$169,009	$1,529,846	$-31,264
2018	$235,500	$176,052	$1,393,797	$59,448

MINNESOTA MEDICAL ASSOCIATION FOUNDATION