MINNESOTA EDUCATION TRUST (EIN 830473561) - 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

2007

Legal Domicile

Principal Officer

DR ASIF RAHMAN

Phone

6516476250

Tax Period

2022-01-01 to 2022-12-31

MINNESOTA EDUCATION TRUST, founded in 2007, is a community nonprofit in the Religion sector that reported $2.0M in total revenue in fiscal year 2022. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $2.4M exceeded revenue, resulting in a 19% operating deficit.

Mission

MINNESOTA EDUCATION TRUST (MET) SEEKS TO SUPPORT RELIGIOUS CENTERS, COMMUNITY CENTERS, SCHOOLS, AND TO ASSIST OTHER ORGANIZATIONS THAT SERVE GOALS SIMILAR TO THE GOALS OF MET.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,131,708

Program Service Revenue $850,153

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,981,861

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,730

Fundraising Expenses $0

Program Expenses $2,335,742

Other Expenses $2,288,885

TOTAL EXPENSES $2,363,615

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,981,861	$1,363,771	+0.5%
Expenses	$2,363,615	$1,423,401	+0.7%
Net Income	$-381,754	$-59,630	+5.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASIF RAHMAN	PRESIDENT	4.00	Officer Director	$0	$0	$0
JESSIE FRENZEL	DIRECTOR	2.00	Director	$0	$0	$0
MUSTAPHA HAMMIDA	DIRECTOR	4.00	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
2022	$1,981,861	$2,363,615	$11,183,294	$-381,754
2021	$1,363,771	$1,423,401	$12,235,946	$-59,630
2020	$1,192,968	$848,716	$11,824,748	$344,252
2019	$1,151,945	$1,415,451	$11,079,198	$-263,506

MINNESOTA EDUCATION TRUST