ADVANCE 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

2019

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $964,175

ADVANCE MINNESOTA HOLDS STATE LEGISLATORS ACCOUNTABLE THROUGH ISSUE ADVOCACY RELATED TO LEGISLATION AND POLICY AT THE MINNESOTA STATE CAPITOL. IN 2022, ADVANCE MINNESOTA CONDUCTED PHONE CALLS, TEXT MESSAGES AND DEPLOYED DIGITAL ADS TO INFORM MINNESOTA'S CITIZENS OF ISSUES RELATED TO TAXES, ECONOMY AND PUBLIC SAFETY.

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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 $1,088,000

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

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

$62,000

Total Directors