Central Minnesota Elder Network

Nonprofit profile at a glance

EIN
411852680
IRS 990-EZ coverage
2011–2024
Forms available
Form 990-EZ 2024
Location
Alexandria, MN, USA
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Senior Centers

Reported finances

Revenue
$106,932
Expenses
$101,577
Assets
$63,042
Liabilities
$892

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • KELLY (PRESIDENT)

People named in this filing

  • KELLY (PRESIDENT)
  • JEFFREY (SECRETARY)
  • PAMELA (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Central Minnesota elder network is a non-profit organization that provides a variety of non-medical programs to support our senior community and caregivers. Our programs are meant to support in times of loneliness and isolation.

What it reported doing in 2024

Accomplishments: 1. Elder network volunteers in the visiting program had 1,344 visits with their clients totaling 1,658 hours. 2. Ten caregivers were able to get a break from their responsibilities and take some time for themselves while volunteers visited and engaged with their care receivers in their home. 3. 21 sessions of coffee break were held which provided opportunities for socializing, fun, crafts, games and time with friends for care receivers and a break for their caregiver. 4. 14 caregivers received caregiver counseling from our trained staff which provided support, resources, and guidance during their caregiving journey.

Operating model

Revenue model
Donor-supported. 81% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 82
  • Sustainability: 48
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 64.1%; rating input score 64
  • Program expense ratio: 65.1%; rating input score 65

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 5%; rating input score 48; 48th percentile among comparable filings
  • Total-asset coverage ratio: 0.62; rating input score 44; 44th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 40; 40th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 2.5% per year; rating input score 100; 38th percentile among comparable filings
  • Revenue growth: 1.2% per year; rating input score 100; 27th percentile among comparable filings
  • Asset growth: -3.6% per year; rating input score 0; 18th percentile among comparable filings

Details

  • Where the money goes: 64.1% of revenue deployed · 65.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $66K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 48/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 40/100.