MINOT VOCATIONAL ADJUSTMENT WORKSHOP (EIN 450313122) - 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

1960

Legal Domicile

Principal Officer

CHRIS HASELEU

Phone

7018521014

Tax Period

2024-07-01 to 2025-06-30

MINOT VOCATIONAL ADJUSTMENT WORKSHOP, founded in 1960, is a mid-sized nonprofit in the Employment sector that reported $30.0M in total revenue in fiscal year 2024. Expenses of $27.5M left a modest 8% surplus.

Mission

OFFER A VARIETY OF DAY & RESIDENTIAL SERVICES TO PEOPLE WITH DISABILITIES IN AN ENVIRONMENT WHICH PROMOTES INDEPENDENCE & SELF-SUFFICIENCY.

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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 $25,679,036

Program Service Revenue $3,435,238

Investment Income $678,147

Other Revenue $172,627

TOTAL REVENUE $29,965,048

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,384,430

Fundraising Expenses $0

Program Expenses $21,726,382

Other Expenses $4,149,795

TOTAL EXPENSES $27,534,225

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,965,048	$27,832,072	+0.1%
Expenses	$27,534,225	$25,573,562	+0.1%
Net Income	$2,430,823	$2,258,510	+0.1%

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

437

Volunteers

N/A

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

$342,720

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAUDE SEM	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAWN YSTAAS	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN STEWART	TREASURER	1.00	Officer Director	$0	$0	$0
BLAINE DESLAURIERS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER GADDIE	DIRECTOR	1.00	Director	$0	$0	$0
JAY FISHER	DIRECTOR	1.00	Director	$0	$0	$0
CLARA SUE PRICE	DIRECTOR	1.00	Director	$0	$0	$0
TIM VALLELY	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS HASELEU	PRESIDENT/CEO	40.00	Officer	$160,753	$18,608	$179,361
MISTY WANNER	CFO	40.00	Officer	$129,983	$33,376	$163,359
COREY BOUCHER	DIRECTOR OF SERVICES	40.00	Highest	$106,473	$35,576	$142,049
SARAH BOUCHER	DIRECTOR OF HUMAN RESOURCES	40.00	Highest	$123,122	$11,291	$134,413
ROBIN ELLIOTT	DIRECT SUPPORT PROFESSIONAL IV	40.00	Highest	$121,749	$11,031	$132,780
ESTINA KABA	DIRECT SUPPORT PROFESSIONAL III	40.00	Highest	$143,910	$26,748	$170,658
EVANS MEMBA	DIRECT SUPPORT PROFESSIONAL III	40.00	Highest	$121,994	$25,897	$147,891
HENRY NYANKABARIA	DIRECT SUPPORT PROFESSIONAL III	40.00	Highest	$110,821	$24,217	$135,038
SAMWEL OKWOYO	DIRECT SUPPORT PROFESSIONAL III	40.00	Highest	$129,127	$25,400	$154,527
BORGI BEELER	FORMER PRESIDENT/CEO	40.00		$228,962	$37,705	$266,667

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	$29,965,048	$27,534,225	$27,938,129	$2,430,823
2024	$27,832,072	$25,573,562	$26,226,232	$2,258,510
2023	$25,281,412	$25,822,919	$23,291,210	$-541,507
2022	$26,157,485	$24,808,229	$25,357,052	$1,349,256
2021	$29,039,326	$24,516,867	$24,816,402	$4,522,459
2020	$24,246,890	$23,171,320	$23,007,785	$1,075,570
2019	$24,779,822	$23,048,381	$20,223,447	$1,731,441

MINOT VOCATIONAL ADJUSTMENT WORKSHOP