ADVANCE MINNESOTA

EIN: 831046844 Community Improvement

LAKE ELMO, MN

Total Revenue
$1,088,000
Total Expenses
$974,352
Total Assets
$126,987
Net Assets
$126,987
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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
2019
Legal Domicile
MN
Principal Officer
TED DALEY
Phone
6514025778
Tax Period
2022-01-01 to 2022-12-31

ADVANCE MINNESOTA, founded in 2019, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2022. Expenses of $974K left a modest 10% surplus.

Mission

ADVANCE MINNESOTA ENGAGES IN ISSUE ADVOCACY TO INFORM MINNESOTANS OF LEGISLATION, POLICY AND ACTIONS OF STATE ELECTED OFFICIALS.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,088,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,088,000

Expense Breakdown

Grants Paid $599,550
Salaries & Benefits $18,000
Fundraising Expenses $0
Program Expenses $964,175
Other Expenses $356,802
TOTAL EXPENSES $974,352

Year-over-Year Comparison

2022 2021 Change
Revenue $1,088,000 N/A N/A
Expenses $974,352 N/A N/A
Net Income $113,648 $0 N/A
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

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
2

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
3
$62,000
Total Directors
3
$62,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EMILY NESSE OFFICER 10.00
Officer Director
$18,000 $0 $62,000
TED DALEY PRESIDENT AND TREASURER 1.00
Officer Director
$0 $0 $0
JERRY PAPENFUSS OFFICER 1.00
Officer 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 No data No data No data No data
2022 $1,088,000 $974,352 $126,987 $113,648
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