MINNESOTA MATH AND SCIENCE ACADEMY (EIN 464684051) - 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

HASAN DAMAR

Phone

6512460845

Tax Period

2024-07-01 to 2025-06-30

MINNESOTA MATH AND SCIENCE ACADEMY, founded in 2013, is a community nonprofit in the Education sector that reported $9.9M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF THE MINNESOTA MATH AND SCIENCE ACADEMY (MMSA) IS TO PREPARE OUR STUDENTS FOR COLLEGE BY CREATING AN EFFECTIVE LEARNING ENVIRONMENT OF HIGHER STANDARDS AND EXPECTATIONS WITH A RIGOROUS COLLEGE

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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 $9,855,236

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $9,855,236

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,314,959

Fundraising Expenses $0

Program Expenses $8,696,364

Other Expenses $4,347,667

TOTAL EXPENSES $9,662,626

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,855,236	$6,950,089	+0.4%
Expenses	$9,662,626	$8,274,870	+0.2%
Net Income	$192,610	$-1,324,781	-1.1%

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

131

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

$266,071

Total Directors

$67,513

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESLIE AKTAN	MEMBER	2.00	Director	$0	$0	$0
SAFIYO ALI	MEMBER	2.00	Director	$0	$0	$0
SULEIMAN AHMED	MEMBER	2.00	Director	$0	$0	$0
JESSICA COSGROVE	PRESIDENT	40.00	Officer Director	$67,513	$0	$67,513
BAHREY HAGOS	MEMBER	40.00	Officer	$65,480	$0	$65,480
STEPHEN DWAYNE WEST PHD	EXECUTIVE DIRECTOR	40.00	Officer	$133,078	$0	$133,078

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	$9,855,236	$9,662,626	$3,512,514	$192,610
2024	$6,950,089	$8,274,870	$3,138,674	$-1,324,781
2023	$9,999,332	$8,821,482	$5,589,166	$1,177,850
2022	$7,823,981	$8,670,474	$4,599,912	$-846,493
2021	$8,970,460	$7,546,265	$5,552,242	$1,424,195
2020	$7,396,929	$7,940,239	$5,658,171	$-543,310
2019	$6,878,540	$6,203,620	$6,014,074	$674,920
2018	$6,991,473	$8,465,468	$6,441,122	$-1,473,995

MINNESOTA MATH AND SCIENCE ACADEMY