Minnesota Telecom Alliance Foundation
Nonprofit profile at a glance
- EIN
- 263619795
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024
- Location
- Madelia, MN, USA
- Phone
- 6512917311
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $14,549
- Expenses
- $14,444
- Assets
- $251,107
- Liabilities
- $16,000
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
People named in this filing
- MARY EHMKE (BOARD CHAIR)
- CHERYL SCAPANSKI (DIRECTOR)
- SHELLY GEERDES (DIRECTOR)
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
Provide scholarship support to individuals to pursue post-secondary educations. Scholarships are awarded to students selected from the service areas of the association's members.
What it reported doing in 2024
During the current year, the foundation's scholarship program awarded seven scholarships for the 2024-2025 academic year. Recipients of the scholarships are high school students selected from the services areas of the association's members. Selection criteria includes completion of an application, academic information, an essay written by each applicant, and appraisals by two officials from an applicant's school. The appraisal addresses character, personality, skills and other relevant information concerning the applicant.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
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 liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 82
- Sustainability: 59
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.2%; rating input score 98
- Program expense ratio: 96.9%; rating input score 97
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 0.7%; rating input score 47; 47th percentile among comparable filings
- Total-asset coverage ratio: 17.38; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 20; 20th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 3.1% per year; rating input score 100; 57th percentile among comparable filings
- Revenue growth: 2.3% per year; rating input score 100; 61st percentile among comparable filings
- Asset growth: 1.4% per year; rating input score 100; 44th percentile among comparable filings
Details
- Where the money goes: 98.2% of revenue deployed · 96.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $14K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 47/100.
- High — Sustainability: Liabilities to assets ratio scored 20/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.