Minnesota Adoption Resource Network

Nonprofit profile at a glance

EIN
411382178
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
St Paul, MN, USA
Phone
6128617115
Rating
93
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$3,603,189
Expenses
$3,657,903
Assets
$704,004
Liabilities
$430,467

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

Leadership & pay

12 people listed

Executive titles in this filing

  • RACHEL WALSTAD (EXECUTIVE DIRECTOR)

Highest reported compensation

  • RACHEL WALSTAD (EXECUTIVE DIRECTOR): $113,901 total reported compensation

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

Overview

Mission

To find and strengthen Minnesota adoptive, foster care and kinship families by providing 1) awareness about the need for families for Minnesota children; 2) information and referral to those interested in becoming adoptive, foster or kinship families; 3) education relevant to adoption, foster, and kinship families and professsionals; and 4) individualized support, guidance and resources.

What it reported doing in 2024

Zero kids waiting (zkw) program - the gateway to information about adoption, foster care, and kinship care in Minnesota. Provides statewide information about adoption, foster care, and kinship care based on individual needs. Raises public awareness and advocacy through community events and partnerships with local news and print media. Creates online features for children in Minnesota who need an adoptive family immediately. During fiscal year 2025 this program had 647,232 contacts where information and referral were provided, and 112 children registered on the state adoption exchange were placed with adoptive families. Education for foster, adoptive & kinship parents, and professionals: foster adopt Minnesota supports families by providing trainings on mental health, the effects of trauma, and common challenges for adopted children and those in foster care and kinship placements. Fam is a strong resource for professionals who serve youth connected with the child welfare system. Training offered includes topics such as supporting birth family connections, working with lgbtqai+ youth, trauma, attachment, identity, and diversity. During fiscal year 2025 the education program provided education to 13,806 parents and professionals. Help program: foster adopt Minnesota offers a warmline for all adoptive, foster and kinship families throughout Minnesota and is staffed by help specialists with advanced training in permanency support services. This free service connects families with adoption, trauma and attachment competent therapists in their area, parent consultation, training, and needed community resources. The help program also assists eligible families with funding to help with the cost of therapy with vetted therapists and eligible supports. During fiscal year 2025 the help program provided services to 303 families and 199 community members and professionals.post-adoption search program: foster adopt Minnesota provides post-adoption referral services to assist eligible searchers in connecting with their adoption placing agency and county of adoption finalization. Fam also provides post adoption funding to eligible requestors when other funding is unavailable. During fiscal year 2025 post search services were provided to 330 individuals. Post permanency navigator: foster adopt Minnesota sends outreach and post-permanency support information to parents and caregivers who have recently finalized adoptions or transfers of physical and legal permanency custody. The post-adoption navigator helps to address their questions and resource needs, raises awareness around the post-permanency services available in Minnesota, and connects parents and caregivers to those service providersfor up to 12 months past their families' adoption. During fiscal year 2025, the post permanency navigator outreached 877 eligible families.permanency service resource hub launched midway through fiscal year 2024, the permanency services resource hub serves as a centralized web-based resource where adoptive, foster and kinship families, along with the professionals that support them, can learn about permanency related services and supports throughout Minnesota that are available to them. During fiscal year 2025, this web resources was accessed 21,900 times.

Operating model

Revenue model
Grant-funded. 97% of the money available for current operations came from government grants.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 98
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 25
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.2%; rating input score 99
  • Program expense ratio: 97.7%; rating input score 98
  • Fundraising efficiency: $145.58 raised per $1 spent on fundraising; rating input score 90; 90th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -1.5%; rating input score 28; 28th percentile among comparable filings
  • Total-asset coverage ratio: 0.19; rating input score 5; 5th percentile among comparable filings
  • Liabilities to assets ratio: 0.61; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 3.1%; rating input score 68; 68th percentile among comparable filings

Growth

  • Program expense growth: 17% per year; rating input score 100; 81st percentile among comparable filings
  • Revenue growth: 13.8% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: 13.9% per year; rating input score 100; 72nd percentile among comparable filings

Details

  • Where the money goes: 99.2% of revenue deployed · 97.7% of spending went to programs
  • Governance: 7 of 7 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $3.6M in reported program spending
  • Leadership: top reported pay $114K · 12 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • High — Sustainability: Operating margin scored 28/100.
  • High — Sustainability: Total-asset coverage ratio scored 5/100.
  • High — Sustainability: Liabilities to assets ratio scored 16/100.