Minnesota Voice (EIN 464457692) - 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

2014

Legal Domicile

Principal Officer

Hwajeong Kim

Phone

6513026028

Tax Period

2024-01-01 to 2024-12-31

Minnesota Voice, founded in 2014, is a small nonprofit in the Public & Societal Benefit sector that reported $862K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.3M exceeded revenue, resulting in a 50% operating deficit.

Mission

Minnesota Voice is a collaboration of organizations working toward permanent change in social, racial, and economic justice by increasing civic engagement and voter participation across the state.

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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 $861,889

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $861,889

Expense Breakdown

Grants Paid $515,200

Salaries & Benefits $501,023

Fundraising Expenses $82,422

Program Expenses $1,155,275

Other Expenses $279,030

TOTAL EXPENSES $1,295,253

Year-over-Year Comparison

	2024	2023	Change
Revenue	$861,889	$742,914	+0.2%
Expenses	$1,295,253	$804,322	+0.6%
Net Income	$-433,364	$-61,408	+6.1%

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

$117,721

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Hwajeong Kim	Executive Director	40.00	Officer	$117,721	$0	$117,721
Rahhel Haile	Director	0.25	Director	$0	$0	$0
Denise Cardinal	Treasurer	0.25	Officer	$0	$0	$0
Jim Schiebel	Board Chair	0.25	Officer	$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	$861,889	$1,295,253	$512,072	$-433,364
2023	$742,914	$804,322	$914,089	$-61,408
2022	$1,654,361	$1,296,519	$1,101,112	$357,842
2021	$539,519	$1,050,627	$623,859	$-511,108
2020	$3,334,572	$2,325,485	$1,173,888	$1,009,087
2019	$364,692	$725,125	$105,381	$-360,433
2018	$1,463,087	$1,105,288	$466,277	$357,799

Minnesota Voice