NORTH STAR CHAPTER OF THE APPRAISAL INSTITUTE (EIN 416124081) - 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

1991

Legal Domicile

Phone

3123354100

Tax Period

2023-01-01 to 2023-12-31

NORTH STAR CHAPTER OF THE APPRAISAL INSTITUTE, founded in 1991, is a small nonprofit that reported $228K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $203K left a modest 11% surplus.

Mission

To empower valuation professionals through community credentialing education body of knowledge and 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 (2023)

Revenue Breakdown

Contributions & Grants $2,178

Program Service Revenue $226,059

Investment Income $0

Other Revenue $0

TOTAL REVENUE $228,237

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $202,933

TOTAL EXPENSES $202,933

Year-over-Year Comparison

	2023	2022	Change
Revenue	$228,237	$242,727	-0.1%
Expenses	$202,933	$189,676	+0.1%
Net Income	$25,304	$53,051	-0.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ethan Waytas MAI	President	1.00	Officer Director	$0	$0	$0
Byron E Miller SRA AI-RRS	Vice President	1.00	Officer Director	$0	$0	$0
Andrew Totzke MAI	Secretary Treasurer	1.00	Officer Director	$0	$0	$0
Scott E Neu MAI	Past President	1.00	Officer Director	$0	$0	$0
David Kunkel MAI AI-	Director	1.00	Director	$0	$0	$0
Samuel Adesji SRA	Director	1.00	Director	$0	$0	$0
Erin Waytas MAI	Director	1.00	Director	$0	$0	$0
Laura Lamont SRA	Director	1.00	Director	$0	$0	$0
Trista Soave Practicing Affiliate	Director	1.00	Director	$0	$0	$0
Solomon Akanki Candidate	Director	1.00	Director	$0	$0	$0
Ruth Mahan SRA	Director	1.00	Director	$0	$0	$0
Kelsey Malecha MAI	Director	1.00	Director	$0	$0	$0
Kylie Klehr Skare Practicing Aff	Director	1.00	Director	$0	$0	$0
Craig Christianson Candidate	Director	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
2024	No data	No data	No data	No data
2023	$228,237	$202,933	$238,328	$25,304
2022	$242,727	$189,676	$188,531	$53,051

NORTH STAR CHAPTER OF THE APPRAISAL INSTITUTE