MINNEAPOLIS SCHOOL OF ANESTHESIA

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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

1967

Legal Domicile

Principal Officer

TRAVIS LAFFOON

Phone

9529255222

Tax Period

2025-01-01 to 2025-12-31

MINNEAPOLIS SCHOOL OF ANESTHESIA, founded in 1967, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

OPERATE AN INSTITUTION OF HIGHER EDUCATION TO EDUCATE AND PROVIDE REQUIRED CLINICAL EXPERIENCES FOR REGISTERED NURSES TO BECOME CERTIFIED REGISTERED NURSE ANESTHETISTS (CRNAS).

Program Service Accomplishments

Program 1

Expenses: $1,115,993 Revenue: $1,386,065

MINNEAPOLIS SCHOOL OF ANESTHESIA IS FUNDED BY TUITION AND FEES PAID TO THE SCHOOL ON A SEMESTER BASIS. A THIRTY-SIX MONTH DNP GRADUATE EDUCATIONAL PROGRAM FOR REGISTERED NURSES QUALIFIES THEM TO TAKE THE NATIONAL CERTIFICATION EXAMINATION AND BECOME CERTIFIED REGISTERED NURSE ANESTHETISTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,386,065

Investment Income $99,476

Other Revenue $0

TOTAL REVENUE $1,485,541

Expense Breakdown

Grants Paid $3,500

Salaries & Benefits $1,181,225

Fundraising Expenses $0

Program Expenses $1,115,993

Other Expenses $305,980

TOTAL EXPENSES $1,490,705

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,485,541	$1,332,366	+0.1%
Expenses	$1,490,705	$1,306,938	+0.1%
Net Income	$-5,164	$25,428	-1.2%

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

$931,479

Total Directors

$292,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRAVIS LAFFOON	DIRECTOR	40.00	Officer Director	$264,296	$27,704	$292,000
MARY QUAAS	ASSOCIATE DI	40.00	Officer	$228,945	$24,340	$253,285
JORDAN POPP	ASSOCIATE DI	40.00	Officer	$213,481	$30,718	$244,199
MEGAN KAKELA	ASSISTANT DI	40.00	Officer	$133,958	$8,037	$141,995
KELLY RATAJCZAK	PRESIDENT	1.00	Officer Director	$0	$0	$0
TYLER LINDQUIST	SECRETARY	1.00	Officer Director	$0	$0	$0
LEANNE RITZ	TREASURER	1.00	Officer Director	$0	$0	$0
SEAN SANFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
TERESA MEDINA	PUBLIC BOARD	1.00	Director	$0	$0	$0
ANDERS BOWMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL SCHUMACHER	BOARD MEMBER	1.00	Director	$0	$0	$0
NATALIE SALDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
TRICIA GLEASON	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF LEECH	BOARD MEMBER	1.00	Director	$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	$1,485,541	$1,490,705	$2,901,631	$-5,164
2024	$1,332,366	$1,306,938	$2,916,253	$25,428
2023	$1,261,129	$1,299,537	$2,909,052	$-38,408
2022	$1,199,995	$1,264,231	$2,940,531	$-64,236
2021	$1,222,145	$1,212,498	$3,004,931	$9,647
2020	$1,131,657	$1,026,666	$2,997,528	$104,991
2019	$1,195,121	$815,044	$2,874,776	$380,077
2018	$1,151,789	$781,108	$2,486,486	$370,681