Minnesota Financial Worker And Caseaide Association
Minnesota Financial Worker And Caseaide Association maintains strong financial health with volunteer leadership and growing assets.
EIN: 204776782 · Grand Rapids, MN · NTEE: J40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $140K |
| Total Expenses | $10K |
| Program Spending | 90% |
| Net Assets | $100K |
| Transparency Score | 92/100 |
Is Minnesota Financial Worker And Caseaide Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Minnesota Financial Worker And Caseaide Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Minnesota Financial Worker And Caseaide Association
Minnesota Financial Worker And Caseaide Association (EIN: 204776782) is a nonprofit organization based in Grand Rapids, MN, classified under NTEE code J40. The organization reported total revenue of $140K and total assets of $142K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Minnesota Financial Worker And Caseaide Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Minnesota Financial Worker And Caseaide Association is a small nonprofit that has been operating for 20 years, with 9 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -13.1%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $11K |
| Total Expenses | $10K |
| Surplus / Deficit | +$805 |
| Total Assets | $100K |
| Net Assets | $100K |
| Operating Margin | 7.3% |
| Months of Reserves | 116.8 months |
Financial Health Grade: A
In 2020, Minnesota Financial Worker And Caseaide Association reported a surplus of $805 with revenue exceeding expenses, holds 116.8 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2011–2020), Minnesota Financial Worker And Caseaide Association's revenue has declined at a compound annual growth rate (CAGR) of -13.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -91.8% | -91.6% | +0.8% |
| 2019 | -3.4% | -6.0% | +14.4% |
| 2018 | +32.3% | +31.4% | +40.0% |
| 2016 | +16.0% | -1.4% | +11.4% |
| 2015 | +5.5% | +45.8% | -14.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Minnesota Financial Worker And Caseaide Association with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Minnesota Financial Worker And Caseaide Association allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $805, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating a volunteer-led organization. This significantly reduces overhead and allows more funds to be directed towards the organization's mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Minnesota Financial Worker And Caseaide Association:
- Consistent asset growth from $1 in 2011 to $142,113 currently.
- Zero officer compensation across all filings, indicating volunteer leadership and efficient use of funds.
- No reported liabilities across all filings, demonstrating strong financial management.
- Expenses generally well-managed relative to revenue, often resulting in surpluses (e.g., 2019: Revenue $134,912, Expenses $122,511).
- Strong program focus due to minimal administrative overhead from compensation.
Frequently Asked Questions about Minnesota Financial Worker And Caseaide Association
Is Minnesota Financial Worker And Caseaide Association a legitimate charity?
Minnesota Financial Worker And Caseaide Association (EIN: 204776782) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 92/100. It has 9 years of IRS 990 filings on record. Total revenue: $140K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Minnesota Financial Worker And Caseaide Association spend its money?
Minnesota Financial Worker And Caseaide Association directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Minnesota Financial Worker And Caseaide Association tax-deductible?
Minnesota Financial Worker And Caseaide Association is registered as a tax-exempt nonprofit (EIN: 204776782). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Minnesota Financial Worker And Caseaide Association compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Minnesota Financial Worker And Caseaide Association is above average for NTEE category J40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Minnesota Financial Worker And Caseaide Association located?
Minnesota Financial Worker And Caseaide Association is headquartered in Grand Rapids, Minnesota and files with the IRS under EIN 204776782. It is classified under NTEE code J40.
How many years of IRS 990 filings does Minnesota Financial Worker And Caseaide Association have?
Minnesota Financial Worker And Caseaide Association has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $140K in total revenue.
Is Minnesota Financial Worker And Caseaide Association a good charity?
Based on the available IRS 990 data, the Minnesota Financial Worker And Caseaide Association appears to be a very good charity. It demonstrates strong financial health, consistent asset growth from $1 in 2011 to $142,113 currently, and a commitment to its mission through volunteer leadership (0% officer compensation). Its spending efficiency is high, with a significant portion of expenses likely going to programs.
How has the organization's financial stability changed over time?
The organization's financial stability has significantly improved over time. Assets have grown from $1 in 2011 to $142,113 currently, and liabilities have consistently been reported as $0, indicating a very healthy balance sheet. While revenue has fluctuated, the overall trend shows growth and effective management of expenses.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is to have none. All available IRS 990 filings consistently report 0% officer compensation, indicating that the leadership is entirely volunteer-based. This is a strong indicator of dedication to the mission and efficient use of funds.
Filing History
IRS 990 filing history for Minnesota Financial Worker And Caseaide Association showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2020), Minnesota Financial Worker And Caseaide Association's revenue has declined by 71.8%, moving from $39K to $11K. Total assets increased by 9959800% over the same period, from $1 to $100K. Total functional expenses fell by 81.4%, from $55K to $10K. In its most recent filing year (2020), Minnesota Financial Worker And Caseaide Association reported a surplus of $805, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $11K | $10K | $100K | $0 | — | — |
| 2019 | $135K | $123K | $99K | $0 | — | View 990 |
| 2018 | $140K | $130K | $86K | $0 | — | View 990 |
| 2016 | $106K | $99K | $62K | $0 | — | View 990 |
| 2015 | $91K | $101K | $55K | $0 | — | View 990 |
| 2014 | $86K | $69K | $65K | $0 | — | View 990 |
| 2013 | $61K | $39K | $30K | $0 | — | View 990 |
| 2012 | $55K | $54K | $2K | $0 | — | View 990 |
| 2011 | $39K | $55K | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $11K, expenses of $10K, and assets of $100K (revenue -91.8% year-over-year).
- 2019: Revenue of $135K, expenses of $123K, and assets of $99K (revenue -3.4% year-over-year).
- 2018: Revenue of $140K, expenses of $130K, and assets of $86K (revenue +32.3% year-over-year).
- 2016: Revenue of $106K, expenses of $99K, and assets of $62K (revenue +16.0% year-over-year).
- 2015: Revenue of $91K, expenses of $101K, and assets of $55K (revenue +5.5% year-over-year).
- 2014: Revenue of $86K, expenses of $69K, and assets of $65K (revenue +40.9% year-over-year).
- 2013: Revenue of $61K, expenses of $39K, and assets of $30K (revenue +10.4% year-over-year).
- 2012: Revenue of $55K, expenses of $54K, and assets of $2K (revenue +41.5% year-over-year).
- 2011: Revenue of $39K, expenses of $55K, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Minnesota Financial Worker And Caseaide Association:
Data Sources and Methodology
This transparency report for Minnesota Financial Worker And Caseaide Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.