Minnesota Leadership Council on Aging (EIN 473146194) - 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

2015

Legal Domicile

Principal Officer

Adam Suomala

Phone

6516418612

Tax Period

2021-07-01 to 2022-06-30

Minnesota Leadership Council on Aging, founded in 2015, is a small nonprofit in the Education sector that reported $219K in total revenue in fiscal year 2021. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $65K, a strong 30% operating margin.

Mission

Creating communities and systems that support aging.

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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 (2021)

Revenue Breakdown

Contributions & Grants $134,295

Program Service Revenue $85,080

Investment Income $0

Other Revenue $0

TOTAL REVENUE $219,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,220

Fundraising Expenses $0

Program Expenses $106,735

Other Expenses $86,046

TOTAL EXPENSES $154,266

Year-over-Year Comparison

	2021	2020	Change
Revenue	$219,375	$162,139	+0.4%
Expenses	$154,266	$156,137	0.0%
Net Income	$65,109	$6,002	+9.8%

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

N/A

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

$68,220

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Falvey	Chair	1.00	Officer Director	$0	$0	$0
Jessica Hausauer	Vice Chair	1.00	Officer Director	$0	$0	$0
Dawn Simonson	Immediate Past Chair	1.00	Officer Director	$0	$0	$0
Amanda Vikstrom	Secretary	1.00	Officer Director	$0	$0	$0
Mary McKeown	Treasurer	1.00	Officer Director	$0	$0	$0
Beth Wiggins	Member	1.00	Director	$0	$0	$0
Kari Thurlow	Member	1.00	Director	$0	$0	$0
Roxana Linares	Member	1.00	Director	$0	$0	$0
Patti Cullen	Member	1.00	Director	$0	$0	$0
Ann Bailey	Member	1.00	Director	$0	$0	$0
Deb Taylor	Member	1.00	Director	$0	$0	$0
Heidi Holste	Member	1.00	Director	$0	$0	$0
Ruth Olkon	Member	1.00	Director	$0	$0	$0
Julie Manworren	Member	1.00	Director	$0	$0	$0
Patricia McArdle	Member	1.00	Director	$0	$0	$0
Adam Suomala	Executive Director and President	25.00	Officer	$68,220	$0	$68,220

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	No data	No data	No data	No data
2022	$219,375	$154,266	$175,033	$65,109

Minnesota Leadership Council on Aging