CENTRAL MN EDUCATIONAL RESEARCH AN… - Form 990 Financial Data

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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

1966

Legal Domicile

Principal Officer

LOWELL HAAGENSON

Phone

3202020992

Tax Period

2023-01-01 to 2023-12-31

CENTRAL MN EDUCATIONAL RESEARCH AND DEVELOPMENT COUNCIL, founded in 1966, is a community nonprofit in the Education sector that reported $8.8M in total revenue in fiscal year 2023. Expenses of $8.4M left a modest 5% surplus.

Mission

CENTRAL MN EDUCATIONAL RESEARCH AND DEVELOPMENT COUNCIL (CMERDC) IS A NON PROFIT COOPERATIVE, ESTABLISHED TO PROVIDE THE BEST POSSIBLE SOLUTIONS THAT BENEFIT THE EDUCATIONAL COMMUNITY THROUGH VOLUME PURCHASING OF PRODUCTS, EXPERT SUPPORT SERVICES AND STRATEGIC TECHNOLOGIES.

Program Service Accomplishments

Program 1

Expenses: $2,021,325 Revenue: $1,952,009

COOPERATIVE VOLUME PURCHASING, INCLUDING ON DEMAND PURCHASING SOLUTIONS. OUR PURCHASING LEVERAGE IS ATTRIBUTED TO A BUYING GROUP CONSISTING OF MORE THAN 100 PUBLIC, PRIVATE AND CHARTER SCHOOLS...

COOPERATIVE VOLUME PURCHASING, INCLUDING ON DEMAND PURCHASING SOLUTIONS. OUR PURCHASING LEVERAGE IS ATTRIBUTED TO A BUYING GROUP CONSISTING OF MORE THAN 100 PUBLIC, PRIVATE AND CHARTER SCHOOLS. CMERDC ALSO PROVIDES ON DEMAND PRODUCT FULFILLMENT THROUGH OUR RELATIONSHIPS WITH VARIOUS VENDORS.

Program 2

Expenses: $793,509 Revenue: $925,254

CMERDC DEVELOPS AND SUPPORTS APPLICATIONS THAT ENABLE SCHOOLS TO BETTER MANAGE THEIR EDUCATION DUTIES SUCH AS: DATA WAREHOUSING APPLICATIONS, AND STUDENT PLANS. WE ALSO DEVELOP CUSTOM SOFTWARE...

CMERDC DEVELOPS AND SUPPORTS APPLICATIONS THAT ENABLE SCHOOLS TO BETTER MANAGE THEIR EDUCATION DUTIES SUCH AS: DATA WAREHOUSING APPLICATIONS, AND STUDENT PLANS. WE ALSO DEVELOP CUSTOM SOFTWARE APPLICATIONS FOR SCHOOLS.

Program 3

Expenses: $595,802 Revenue: $568,274

CMERDC OFFERS COMPLETE SALES AND SUPPORT FOR SCHOOL COPIERS, FAXES AND PRINTERS FROM KYOCERA-MITA. WE OFFER ON-SITE DISPATCHED TECHNICIANS FOR MULTIFUNCTION COPIERS AND PRINTERS.

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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 $134,269

Program Service Revenue $8,338,708

Investment Income $253,102

Other Revenue $93,938

TOTAL REVENUE $8,820,017

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,581,005

Fundraising Expenses $0

Program Expenses $7,617,070

Other Expenses $5,831,981

TOTAL EXPENSES $8,412,986

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,820,017	$8,207,001	+0.1%
Expenses	$8,412,986	$8,121,927	+0.0%
Net Income	$407,031	$85,074	+3.8%

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

$262,349

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL TOLLEFSON	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
PAUL NEUBAUER	VICE-CHAIRPERSON	1.00	Officer Director	$0	$0	$0
TINA BURKHOLDER	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
TANYA TACKER	DIRECTOR	1.00	Director	$0	$0	$0
AMY NOTCH	DIRECTOR	1.00	Director	$0	$0	$0
ERIK WIDVEY	DIRECTOR	1.00	Director	$0	$0	$0
BRENT STAVIG	DIRECTOR	1.00	Director	$0	$0	$0
DEANN PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER RIDGEWAY	DIRECTOR	1.00	Director	$0	$0	$0
LOWELL HAAGENSON	EXECUTIVE DIRECTOR	40.00	Officer	$130,986	$23,874	$154,860
DAWN DUEVEL	CHIEF FINANCIAL OFFICER	20.00	Officer	$93,197	$14,292	$107,489
STEPHANIE SYLTE	DEVELOPMENT MANAGER	40.00	Highest	$111,500	$23,278	$134,778
CRAIG TORGERSON	TECHNOLOGY DIRECTOR	40.00	Highest	$100,571	$24,431	$125,002

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	$8,820,017	$8,412,986	$2,818,790	$407,031
2022	$8,207,001	$8,121,927	$2,926,614	$85,074
2021	$8,112,700	$6,954,150	$3,450,511	$1,158,550
2020	$8,277,041	$8,079,643	$1,910,233	$197,398
2019	$8,000,994	$9,007,265	$1,712,893	$-1,006,271
2018	$8,513,947	$7,735,346	$2,549,687	$778,601

CENTRAL MN EDUCATIONAL RESEARCH AND DEVELOPMENT COUNCIL