MAIC QALICB (EIN 884065733) - 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

2022

Legal Domicile

Principal Officer

Mary LaGarde-Agnew

Phone

6128791700

Tax Period

2024-07-01 to 2025-06-30

MAIC QALICB, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $197K in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 526% operating deficit.

Mission

To facilitate a community center facility to be operated by Minneapolis American Indian Center, a Minnesota nonprofit corporation

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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 $0

Investment Income $0

Other Revenue $197,444

TOTAL REVENUE $197,444

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,236,350

TOTAL EXPENSES $1,236,350

Year-over-Year Comparison

	2024	2023	Change
Revenue	$197,444	$114,555	+0.7%
Expenses	$1,236,350	$203,414	+5.1%
Net Income	$-1,038,906	$-88,859	+10.7%

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

$157,139

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eileen Briggs	Board Chair	0.50	Officer Director	$0	$0	$0
Kit Fordhman	Treasurer	0.50	Officer Director	$0	$0	$0
Christine McDonald	Member	0.50	Director	$0	$0	$0
Karl Sevig	Member	0.50	Director	$0	$0	$0
Mary LaGarde-Agnew	Executive Director	4.00	Officer	$0	$20,623	$157,139

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	$197,444	$1,236,350	$34,674,907	$-1,038,906
2024	$114,555	$203,414	$35,102,008	$-88,859
2023	$4,079,962	No data	$33,008,503	No data

MAIC QALICB