MINNESOTA ASSOCIATION OF ASSESSING OFFICERS INC (EIN 416040812) - 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

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.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$15,700

Total Directors

$15,700

Key Employees

Highest Compensated

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

MINNESOTA ASSOCIATION OF ASSESSING OFFICERS INC