MNI SOTA FUND (EIN 453579582) - 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

2013

Legal Domicile

Principal Officer

KIT FORDHAM

Phone

6122250480

Tax Period

2023-01-01 to 2023-12-31

MNI SOTA FUND, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $782K in total revenue in fiscal year 2023. Revenue surged 115% from the prior year, signaling strong growth momentum. Expenses of $917K exceeded revenue, resulting in a 17% operating deficit.

Mission

MNI SOTA FUND'S MISSION IS TO PROVIDE TRAINING AND ACCESS TO CAPITAL TO PROMOTE HOMEOWNERSHIP, ENTREPRENEURSHIP, AND FINANCIAL CAPABILITIES AMONG AMERICAN INDIAN FAMILIES, IN ADDITION TO INDIVIDUALS THROUGHOUT THE STATE OF MINNESOTA THROUGH THE PROVISION OF DEVELOPMENT SERVICES AND FINANCIAL PRODUCTS.

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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 $744,312

Program Service Revenue $17,926

Investment Income $19,351

Other Revenue $0

TOTAL REVENUE $781,589

Expense Breakdown

Grants Paid $43,630

Salaries & Benefits $568,091

Fundraising Expenses $123,913

Program Expenses $570,763

Other Expenses $305,349

TOTAL EXPENSES $917,070

Year-over-Year Comparison

	2023	2022	Change
Revenue	$781,589	$362,785	+1.2%
Expenses	$917,070	$816,836	+0.1%
Net Income	$-135,481	$-454,051	-0.7%

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

N/A

Employees

N/A

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

$128,285

Total Directors

$128,285

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLE ST ARNOLD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WILLIAMS	PRESIDENT	1.00	Officer Director	$0	$0	$0
KELLY SAM	DIRECTOR	1.00	Director	$0	$0	$0
ADRIENNE BENJAMIN	DIRECTOR	1.00	Director	$0	$0	$0
KIT FORDHAM	EXECUTIVE DIRECTOR	40.00	Officer Director	$128,285	$0	$128,285
PAUL WENELL JR	DIRECTOR	1.00	Director	$0	$0	$0
JASON DECKER	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA REESE	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	$781,589	$917,070	$2,474,416	$-135,481
2022	$362,785	$816,836	$1,499,828	$-454,051
2021	$1,285,219	$468,459	$1,994,321	$816,760
2020	$690,621	$428,435	$953,967	$262,186
2019	$602,649	$311,197	$407,218	$291,452
2018	$218,376	$329,297	$96,367	$-110,921

MNI SOTA FUND