AMERICAN COUNCIL OF ENGINEERING COMPANIES OF MINNESOTA (EIN 416037352) - 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

1949

Legal Domicile

Principal Officer

JONATHAN I CURRY

Phone

9525935533

Tax Period

2022-07-01 to 2023-06-30

AMERICAN COUNCIL OF ENGINEERING COMPANIES OF MINNESOTA, founded in 1949, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2022. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

CONTINUING EDUCATION, PROMOTION OF THE PROFESSION, LOBBYING AND ENCOURAGING INDIVIDUALS TO PURSUE CAREERS IN ENGINEERING.

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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 (2022)

Revenue Breakdown

Contributions & Grants $560,427

Program Service Revenue $796,878

Investment Income $10,032

Other Revenue $15,077

TOTAL REVENUE $1,382,414

Expense Breakdown

Grants Paid $30,000

Salaries & Benefits $253,601

Fundraising Expenses $0

Other Expenses $1,233,555

TOTAL EXPENSES $1,517,156

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,382,414	$1,189,389	+0.2%
Expenses	$1,517,156	$1,233,951	+0.2%
Net Income	$-134,742	$-44,562	+2.0%

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

550

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

$132,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE TOGHRAMADJIAN	PRESIDENT	10.00	Officer Director	$0	$0	$0
BRETT MORSE	PRESIDENT-ELECT	5.00	Officer Director	$0	$0	$0
BILL FORSMARK	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
BOB MOORE	TREASURER	5.00	Officer Director	$0	$0	$0
JASON MEYER	SECRETARY	5.00	Officer Director	$0	$0	$0
JEFF GEBHARD	PAST-PRESIDENT	5.00	Officer Director	$0	$0	$0
TIM ARVIDSON	DIRECTOR	5.00	Director	$0	$0	$0
COREY BERGMAN	DIRECTOR	5.00	Director	$0	$0	$0
MARK BISHOP	DIRECTOR	5.00	Director	$0	$0	$0
STEVEN CARLETON	DIRECTOR	5.00	Director	$0	$0	$0
KEITH FARQUHAR	DIRECTOR	5.00	Director	$0	$0	$0
KYLE JOHNSON	DIRECTOR	5.00	Director	$0	$0	$0
DAVID OTT	DIRECTOR	5.00	Director	$0	$0	$0
MATT ZUEHLS	DIRECTOR	5.00	Director	$0	$0	$0
MARIO RATNARAJ	YOUNG ENGINEER	5.00	Director	$0	$0	$0
JONATHAN CURRY	EXECUTIVE DIRECTOR	40.00	Officer	$132,750	$0	$132,750

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,382,414	$1,517,156	$683,049	$-134,742
2022	$1,189,389	$1,233,951	$817,791	$-44,562
2021	$918,853	$720,667	$862,353	$198,186
2020	$884,217	$731,692	$664,167	$152,525

AMERICAN COUNCIL OF ENGINEERING COMPANIES OF MINNESOTA