Minnesota CDFI Coalition
Nonprofit profile at a glance
- EIN
- 991439461
- IRS 990-EZ coverage
- 2024–2025
- Forms available
- Form 990-EZ 2025
- Location
- St Paul, MN, USA
- Phone
- 6129631515
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Improvement, Capacity Building N.E.C.
Reported finances
- Revenue
- $150,507
- Expenses
- $145,644
- Assets
- $16,375
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Kate Barr (President)
People named in this filing
- LeeAnn Rasachak (Board chair)
- Brian Voerding (Board member)
- Henry Jimenez (Board member)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the Minnesota CDFI Coalition is to activate the collective superpowers of Minnesota CDFIs to achieve economic justice.
What it reported doing in 2025
CDFI peer learning and leadership development works with CDFIs across the state to identify shared areas for learning, support, and collaboration to strengthen individual CDFIs and the field as a whole. This includes online and in-person convenings, discussions, and professional development and shared learning. Learning opportunities - Delivery of monthly topical calls on topics critical to the CDFI sector Conference - First ever conference for the Minnesota CDFI Coalition, with 140 attendees hearing from 27 speakers across 13 sessions Advocacy Day - Day at the Minnesota State Capitol with advocacy meeting and network trainings and connections Research - Sector-wide research of Minnesota CDFIs to set baseline understanding and map activity Federal advocacy - Unified communications for Minnesota CDFIs on federal issues, including sign-on letters and meetings with elected officials Communications - Regular coalition communications and creation of narrative and storytelling materials
Operating model
- Revenue model
- Donor-supported. 100% 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
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: 86
- Transparency & Controls: 100
- Sustainability: 33
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.7%; rating input score 85
- Program expense ratio: 87.6%; rating input score 88
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 3.2%; rating input score 40; 40th percentile among comparable filings
- Total-asset coverage ratio: 0.11; rating input score 13; 13th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
- Officer compensation ratio: 26.8%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: 48.3% per year; rating input score 100; 90th percentile among comparable filings
- Revenue growth: 42.2% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 34.9% per year; rating input score 100; 88th percentile among comparable filings
Details
- Where the money goes: 84.7% of revenue deployed · 87.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $128K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2024 to 2025
- 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.
- Moderate — Sustainability: Operating margin scored 40/100.
- High — Sustainability: Total-asset coverage ratio scored 13/100.
- High — Sustainability: Officer compensation ratio scored 14/100.