MINNESOTA ASSOCIATION OF NURSE ANESTHETISTS (EIN 510205856) - 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

1975

Legal Domicile

Phone

9522523573

Tax Period

2023-10-01 to 2024-09-30

MINNESOTA ASSOCIATION OF NURSE ANESTHETISTS, founded in 1975, is a small nonprofit that reported $834K in total revenue in fiscal year 2023. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $263K, a strong 32% operating margin.

Mission

PROMOTING THE PRACTICE OF NURSE ANESTHESIA IN MN THROUGH ADVOCACY, EDUCATION AND MEMBERSHIP DEVELOPMENT TO ADVANCE PATIENT SAFETY AND ACCESS TO QUALITY CARE.

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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 $0

Program Service Revenue $686,792

Investment Income $146,895

Other Revenue $0

TOTAL REVENUE $833,687

Expense Breakdown

Grants Paid $27,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $543,244

TOTAL EXPENSES $570,244

Year-over-Year Comparison

	2023	2022	Change
Revenue	$833,687	$455,805	+0.8%
Expenses	$570,244	$459,406	+0.2%
Net Income	$263,443	$-3,601	-74.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jackie Klinkner	President	1.00	Officer Director	$0	$0	$0
Melinda Mindy Hensley	President-Elect	1.00	Officer Director	$0	$0	$0
Kevin Cardinal	Treasurer	1.00	Officer Director	$0	$0	$0
Beth Quaas	Secretary	1.00	Officer Director	$0	$0	$0
Frank Michael	Director	1.00	Director	$0	$0	$0
Lucas Kalina	Director	1.00	Director	$0	$0	$0
Megan Kakela	Director	1.00	Director	$0	$0	$0
Eric Steuck	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	$833,687	$570,244	$2,554,750	$263,443
2023	$455,805	$459,406	$2,085,682	$-3,601
2022	$454,448	$418,146	$1,985,163	$36,302
2021	$477,138	$271,928	$2,312,219	$205,210
2020	$456,140	$312,296	$1,904,456	$143,844

MINNESOTA ASSOCIATION OF NURSE ANESTHETISTS