MINNESOTA CENTER FOR EMPLOYEE OWNERSHIP (EIN 844160755) - 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

2020

Legal Domicile

Principal Officer

FRED CASLAVKA

Phone

7636394111

Tax Period

2024-01-01 to 2024-12-31

MINNESOTA CENTER FOR EMPLOYEE OWNERSHIP, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $386K in total revenue in fiscal year 2024. Revenue surged 392% from the prior year, signaling strong growth momentum. The organization ran a surplus of $123K, a strong 32% operating margin.

Mission

OUR MISSION IS TO CREATE JOBS AND COMMUNITY WEALTH THROUGH EMPLOYEE OWNERSHIP.

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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 $384,378

Program Service Revenue $0

Investment Income $1,253

Other Revenue $579

TOTAL REVENUE $386,210

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,299

Fundraising Expenses $37,560

Program Expenses $165,934

Other Expenses $164,880

TOTAL EXPENSES $263,179

Year-over-Year Comparison

	2024	2023	Change
Revenue	$386,210	$78,447	+3.9%
Expenses	$263,179	$146,319	+0.8%
Net Income	$123,031	$-67,872	-2.8%

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

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

$69,046

Total Directors

$69,046

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIRSTEN KENNEDY	EXECUTIVE DIRECTOR	40.00	Officer Director	$62,246	$6,800	$69,046
ANDY DALY	DIRECTOR	1.00	Director	$0	$0	$0
LAURA QUALEY	CHAIR	1.00	Officer Director	$0	$0	$0
NICOLE BEHM-KOEP	DIRECTOR	1.00	Director	$0	$0	$0
ROGER RYBERG	DIRECTOR	1.00	Director	$0	$0	$0
FRED CASLAVKA	TREASURER	1.00	Officer Director	$0	$0	$0
STAVE STORKAN	VICE CHAIR	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	$386,210	$263,179	$229,047	$123,031

MINNESOTA CENTER FOR EMPLOYEE OWNERSHIP