MINNESOTA ASSOCIATION OF ASSESSING OFFICERS INC

EIN: 416040812

ALEXANDRIA, MN

Total Revenue
$494,843
Total Expenses
$629,420
Total Assets
$532,918
Net Assets
$532,918
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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
1993
Principal Officer
REED HEIDELBERGER
Phone
3207593628
Tax Period
2024-11-01 to 2025-10-31

MINNESOTA ASSOCIATION OF ASSESSING OFFICERS INC, founded in 1993, is a small nonprofit that reported $495K in total revenue in fiscal year 2024. Expenses of $629K exceeded revenue, resulting in a 27% operating deficit.

Mission

PROVIDE EDUCATION AND INFORMATION TO PROMOTE EXCELLENCE IN PROPERTY APPRAISAL AND ASSESSMENT ADMINISTRATION THROUGH PROFESSIONAL DEVELOPMENT WITH THE HIGHEST ETHICAL STANDARDS.

Program Service Accomplishments

Program 1

MAAO HAS BEEN SUPPORTING QUALITY ASSESSMENTS SINCE 1949 AND ASSISTS ASSESSORS IN BECOMING INFORMED OF THE LATEST DEVELOPMENT IN THE ASSESSMENT AND APPRAISAL PROFESSIONS BY SPONSORING EDUCATIONAL...

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MAAO HAS BEEN SUPPORTING QUALITY ASSESSMENTS SINCE 1949 AND ASSISTS ASSESSORS IN BECOMING INFORMED OF THE LATEST DEVELOPMENT IN THE ASSESSMENT AND APPRAISAL PROFESSIONS BY SPONSORING EDUCATIONAL COURSES, PROMOTING PROFESSIONAL DESIGNATIONS, AWARDING SCHOLARSHIPS AND MONITORING LEGISLATIVE ISSUES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,725
Program Service Revenue $468,698
Investment Income $19,604
Other Revenue $3,816
TOTAL REVENUE $494,843

Expense Breakdown

Grants Paid $1,000
Salaries & Benefits $137,669
Fundraising Expenses $0
Other Expenses $490,751
TOTAL EXPENSES $629,420

Year-over-Year Comparison

2024 2023 Change
Revenue $494,843 $479,031 +0.0%
Expenses $629,420 $485,704 +0.3%
Net Income $-134,577 $-6,673 +19.2%
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

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Governance

Voting Members
14
Independent Members
14
Employees
8
Volunteers
75

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
6
$15,700
Total Directors
15
$15,700
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK PETERSON PRESIDENT 3.00
Officer Director
$0 $0 $0
ALEX GUGGENBERGER 1ST VICE PRE 3.00
Officer Director
$0 $0 $0
BOB THOMPSON 2ND VICE PRE 3.00
Officer Director
$0 $0 $0
CHASE PELOQUIN FINANCE OFFI 3.00
Officer Director
$0 $0 $0
BRIAN ANDERSON REGION 1 DIR 0.50
Director
$0 $0 $0
JENNIFER FLICEK REGION 2 DIR 0.50
Director
$0 $0 $0
TINA DIEDRICK- VON ESCHEN REGION 3 DIR 0.50
Director
$0 $0 $0
KYLE HOLMES REGION 4 DIR 0.50
Director
$0 $0 $0
DAVID PARSONS REGION 5 DIR 0.50
Director
$0 $0 $0
SANDY VOLD REGION 6 DIR 0.50
Director
$0 $0 $0
KARL LINDQUIST REGION 7 DIR 0.50
Director
$0 $0 $0
MARK LANDSVERK REGION 8 DIR 0.50
Director
$0 $0 $0
JOSHUA HOOGLAND REGION 9 DIR 0.50
Director
$0 $0 $0
PENNY VIKRE SECRETARY 10.00
Officer Director
$4,618 $0 $4,618
REED HEIDELBERGER TREASURER 10.00
Officer Director
$11,082 $0 $11,082
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 $494,843 $629,420 $532,918 $-134,577
2024 $479,031 $485,704 $657,967 $-6,673
2023 $450,979 $476,331 $639,987 $-25,352
2022 $424,244 $441,551 $674,611 $-17,307
2021 $402,674 $297,281 $695,310 $105,393
2020 $302,823 $280,505 $578,498 $22,318
2019 $497,063 $406,093 $553,155 $90,970
2018 $386,115 $395,750 $457,538 $-9,635
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