MINNESOTA MUNICIPAL RETIREMENT ASSOCIATION (EIN 416034229) - 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

1900

Legal Domicile

Principal Officer

Mark A Olson

Phone

6123794755

Tax Period

2024-07-01 to 2025-06-30

MINNESOTA MUNICIPAL RETIREMENT ASSOCIATION, founded in 1900, is a small nonprofit that reported $147K in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $201K exceeded revenue, resulting in a 37% operating deficit.

Mission

TO MONITOR ADMINISTRATION OF RETIREMENT COVERAGE FOR FORMER MEMBERS OF THE MINNEAPOLIS EMPLOYEES RETIREMENT FUND; MAKE RECOMMENDATIONS FOR THE BETTERMENT OF THE RETIREMENT SYSTEM; DO ANY OTHER ACTS PERTAINING TO THE WELFARE OF THE ASSOCIATION

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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 (2024)

Revenue Breakdown

Contributions & Grants $143,213

Program Service Revenue $0

Investment Income $4,111

Other Revenue $0

TOTAL REVENUE $147,324

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $201,214

Other Expenses $201,214

TOTAL EXPENSES $201,214

Year-over-Year Comparison

	2024	2023	Change
Revenue	$147,324	$97,264	+0.5%
Expenses	$201,214	$198,211	+0.0%
Net Income	$-53,890	$-100,947	-0.5%

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

N/A

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
William J Barnhart	Director	1.00	Director	$0	$0	$0
Thomas F Becker	Director	1.00	Director	$0	$0	$0
Muareen Durand	Director	1.00	Director	$0	$0	$0
Gregory Finstad	Director	1.00	Director	$0	$0	$0
Harry Grigsby	Director	1.00	Director	$0	$0	$0
Richard Phillips	Director	1.00	Director	$0	$0	$0
David Abramson	Director	1.00	Director	$0	$0	$0
James A Linquist	Director	0.00	Director	$0	$0	$0
Richard C Theis	Director	1.00	Director	$0	$0	$0
Leonard A Krumm	President	1.00	Officer	$0	$0	$0
Brian J Lokkesmoe	Vice President	1.00	Officer	$0	$0	$0
Mark A Olson	Treasurer	1.00	Officer	$0	$0	$0
Perry Thorvig	Secretary	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
2025	$147,324	$201,214	$143,308	$-53,890
2024	$97,264	$198,211	$197,198	$-100,947
2023	$87,244	$181,447	$298,145	$-94,203
2022	$90,606	$194,521	$392,348	$-103,915
2021	$98,845	$182,811	$496,263	$-83,966
2020	$109,603	$172,783	$580,229	$-63,180
2019	$168,466	$249,164	$643,409	$-80,698

MINNESOTA MUNICIPAL RETIREMENT ASSOCIATION