VOLUNTEERS OF AMERICA IN MINNESOTA

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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

1943

Legal Domicile

Principal Officer

KARINA FORREST PERKINS

Phone

9529454000

Tax Period

2024-07-01 to 2025-06-30

VOLUNTEERS OF AMERICA IN MINNESOTA, founded in 1943, is a small nonprofit that reported $775K in total revenue in fiscal year 2024. The organization ran a surplus of $191K, a strong 25% operating margin.

Mission

VOLUNTEERS OF AMERICA IN MINNESOTA (VOA-MN) IS A NONPROFIT HEALTH AND HUMAN SERVICES ORGANIZATION COMMITTED TO SERVING PEOPLE IN NEED, STRENGTHENING FAMILIES, AND BUILDING COMMUNITIES. FOR 125 YEARS, VOA-MN HAS STEPPED FORWARD AS COMMUNITY BUILDERS WORKING TO CLOSE GAPS BETWEEN PEOPLE AND POSSIBILITY. THROUGH A COMPREHENSIVE RANGE OF INNOVATIVE SERVICES, VOA-MN CHALLENGES INEQUITIES IN PURSUIT OF ITS MISSION TO HELP PEOPLE BUILD HOPE, RESILIENCE AND WELL-BEING.

Program Service Accomplishments

Program 1

Expenses: $584,048 Revenue: $684,580

VOLUNTEERS OF AMERICA IN MINNESOTA IS ORGANIZED FOR THE PURPOSES OF HOLDING TITLE TO REAL PROPERTY AND EQUIPMENT FOR THE BENEFIT OF CARRYING OUT ITS AFFILIATE'S CHARITABLE MISSIONARY AND SOCIAL...

VOLUNTEERS OF AMERICA IN MINNESOTA IS ORGANIZED FOR THE PURPOSES OF HOLDING TITLE TO REAL PROPERTY AND EQUIPMENT FOR THE BENEFIT OF CARRYING OUT ITS AFFILIATE'S CHARITABLE MISSIONARY AND SOCIAL SERVICE FUNCTIONS.

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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 $0

Program Service Revenue $684,580

Investment Income $71,782

Other Revenue $18,386

TOTAL REVENUE $774,748

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $584,048

Other Expenses $584,048

TOTAL EXPENSES $584,048

Year-over-Year Comparison

	2024	2023	Change
Revenue	$774,748	$787,483	0.0%
Expenses	$584,048	$696,166	-0.2%
Net Income	$190,700	$91,317	+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

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

$506,481

Total Directors

Key Employees

$190,553

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER SOP	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
MELISSA BAYNE	CHAIR	1.00	Officer Director	$0	$0	$0
MARIT BROCK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NADIA YAYITRA	SECRETARY	1.00	Officer Director	$0	$0	$0
LYNN BLAKE	TREASURER	1.00	Officer Director	$0	$0	$0
ALBERT JORDAN	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER HOFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
JANE MARRONE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SYVERUD	DIRECTOR	1.00	Director	$0	$0	$0
JONELLE BURNHAM	DIRECTOR	1.00	Director	$0	$0	$0
NATE TYLER	DIRECTOR	1.00	Director	$0	$0	$0
NIRAV SHETH	DIRECTOR	1.00	Director	$0	$0	$0
SAM SIMMONS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT KENNEY	DIRECTOR	1.00	Director	$0	$0	$0
SONIA DAVILA-WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES FARNSWORTH	DIRECTOR	1.00	Director	$0	$0	$0
TITO CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
JULIE MANWORREN	PRESIDENT & CEO	2.00	Officer	$0	$55,298	$257,147
DEB STEINKE	CFO	2.00	Officer	$0	$66,515	$249,334
SU-FEI WONG MCKHANN	SVP PROGRAM SERVICES AND INFORMATION SYSTEMS	2.00	Key Emp	$0	$15,993	$190,553
JULIA DONALDSON	SVP PROGRAM SERVICES AND MISSION ADVANCEMENT	2.00	Highest	$0	$23,021	$181,876
KATIE PERZEL	SENIOR DIRECTOR BEHAVIORAL HEALTH AND EDUCATION	2.00	Highest	$0	$39,073	$157,555
SHARON HARTFIELD EDISON	CONTROLLER	2.00	Highest	$0	$35,054	$163,245
RODNEY SMITH	SENIOR DIRECTOR OF FP&A	2.00	Highest	$0	$35,848	$161,973
DOUGLAS THOLE	DIRECTOR OF REVENUE CYCLE	2.00	Highest	$0	$20,915	$134,914

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	$774,748	$584,048	$14,929,257	$190,700
2024	$787,483	$696,166	$14,921,234	$91,317
2023	$791,472	$714,149	$15,089,428	$77,323
2022	$1,274,959	$799,011	$14,110,668	$475,948
2021	$2,273,820	$810,027	$13,733,478	$1,463,793
2020	$847,718	$805,476	$12,369,650	$42,242