Minnesota Homecare Association
- Assets
- $966.6k
- Revenue
- $663.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Arden Hills, MN
- Founding
- 08/1990
- Data as of
- 12/2022
- EIN
- 41-1641999
Organization Overview
Minnesota Homecare Association is located in Arden Hills, MN. The organization was established in 1990. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2022, Minnesota Homecare Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Homecare Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Minnesota Homecare Association generated $663.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $672.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE QUALITY HOMECARE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTED THE DELIVERY OF QUALITY HOMECARE SERVICES THROUGH WORKSHOPS, CONFERENCES AND OTHER SERVICES PROVIDED TO MEMBERS OF THE HOMECARE PROFESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Jung Past Chair | OfficerTrustee | 1 | $0 |
Susan Morgan Secretary/treasurer | OfficerTrustee | 1 | $0 |
Katherine Messerli Executive Director | Trustee | 40 | $134,656 |
Bekki Drewlo Director | Trustee | 1 | $0 |
Joelle Goldade Past Chair | OfficerTrustee | 1 | $0 |
Katie Troumbly Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $613,980 |
| Investment income | $15,484 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,084 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $173 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $663,753 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $134,656 |
| Compensation of current officers, directors, key employees. | $26,931 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $204,842 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,384 |
| Payroll taxes | $29,220 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,331 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,929 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,552 |
| Travel | $793 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $84,627 |
| Interest | $5,973 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,660 |
| All other expenses | $18,007 |
| Total functional expenses | $672,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,269 |
| Savings and temporary cash investments | $152,124 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $129,781 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,692 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $602,715 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $966,581 |
| Accounts payable and accrued expenses | $24,027 |
| Grants payable | $0 |
| Deferred revenue | $224,930 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $178,525 |
| Total liabilities | $427,482 |
| Net assets without donor restrictions | $539,099 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $966,581 |