Public & Societal Benefit
(W22C)
990 on File
MINNESOTA GOVERNMENT FINANCE OFFICERS ASSOCIATION
Financial strength (30%)
86/100
Reliability (20%)
55/100
Effectiveness (25%)
61/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$181K
Total Revenue
$167K
Total Expenses
$136K
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
75.5%
Fundraising Efficiency
N/A
Operating Reserve
9.76x
Liability-to-Asset
0.1%
Revenue Diversification
66.2%
Compared with Peers
FY 2024
Compared with 1,513 similar organizations
(United States, Public & Societal Benefit, $100K–$1M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
75.5% | 85.7% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
9.8 mo | 8.5 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.1% | 0.6% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
66.2% | 97.0% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
0.1% | 9.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
12.4% | 11.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
7.6% | 2.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $181K | $167K | $136K | 75.5% | — |
| 2023 | $180K | $148K | $122K | 80.0% | — |
| 2022 | $141K | $154K | $90K | 83.2% | — |
| 2021 | $114K | $94K | N/A | — | 1 |
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