MINOT AREA HOMELESS COALITION (EIN 450460108) - 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

1986

Legal Domicile

Principal Officer

KARRIE CHRISTENSEN

Phone

7018526300

Tax Period

2024-01-01 to 2024-12-31

MINOT AREA HOMELESS COALITION, founded in 1986, is a small nonprofit in the Human Services sector that reported $528K in total revenue in fiscal year 2024. Revenue surged 84% from the prior year, signaling strong growth momentum. The organization ran a surplus of $216K, a strong 41% operating margin.

Mission

TO ADVOCATE, COORDINATE, AND OPTIMIZE SERVICES FOR HOMELESS PERSONS

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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 $499,215

Program Service Revenue $0

Investment Income $102

Other Revenue $28,238

TOTAL REVENUE $527,555

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,934

Fundraising Expenses $0

Program Expenses $229,450

Other Expenses $220,052

TOTAL EXPENSES $311,986

Year-over-Year Comparison

	2024	2023	Change
Revenue	$527,555	$287,080	+0.8%
Expenses	$311,986	$272,802	+0.1%
Net Income	$215,569	$14,278	+14.1%

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

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

$52,675

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARRIE CHRISTENSEN	EXECUTIVE DI	40.00	Officer	$52,675	$0	$52,675
BRYN HALGRIMSON	CHAIR	5.00	Officer Director	$0	$0	$0
MIKE ZIMMER	VICE CHAIR	5.00	Officer Director	$0	$0	$0
NANCY CONLEE	SECRETARY	5.00	Officer Director	$0	$0	$0
ELLEN KNUTSON	TREASURER	5.00	Officer Director	$0	$0	$0
TIFFANY GUNVILLE	MEMBER AT LA	5.00	Director	$0	$0	$0
APRIL MOGARD	MEMBER AT LA	5.00	Director	$0	$0	$0
SGT CAISEE SANDUSKY	MEMBER AT LA	5.00	Director	$0	$0	$0
ZACK BUCHER	MEMBER AT LA	5.00	Director	$0	$0	$0
DEPUTY KEITH MILLER	MEMBER AT LA	5.00	Director	$0	$0	$0
ADDIE NELSON	MEMBER AT LA	5.00	Director	$0	$0	$0
EDNA SAILOR	MEMBER AT LA	5.00	Director	$0	$0	$0
MALLARY SCHAEFER	MEMBER AT LA	5.00	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	$527,555	$311,986	$561,013	$215,569
2023	$287,080	$272,802	$352,985	$14,278
2023	$287,080	$272,802	$352,985	$14,278
2022	$307,084	$278,667	$160,548	$28,417
2021	$226,761	$210,822	$132,131	$15,939
2020	$207,991	$190,242	$116,192	$17,749
2019	$196,112	$196,958	$98,443	$-846
2018	$187,803	$197,213	$100,164	$-9,410

MINOT AREA HOMELESS COALITION