Civic Intelligence

Minnesota Academy of Physician Assistants

EIN 41-1312088 • 501(c)6 • Tolland, CT

Profile

The Minnesota Academy of Physician Assistants seeks to promote quality, cost effective, accessible health care and to promote the professional and personal development of Minnesota physician assistants.

PO Box 459Tolland, CT 06084

www.minnesotapa.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

85th percentile

0.29x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

0.49x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

32nd percentile

-9.8%

Higher net margin than 32% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

70th percentile

9.9%

Faster asset growth than 70% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

19th percentile

-29%

Faster revenue growth than 19% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$362,153

Up $32,505 (+9.9%) from 2023

Liabilities

Up

$106,008

Up $39,278 (+59%) from 2023

Net Assets

Down

$256,145

Down $6,773 (-2.6%) from 2023

Revenue

Down

$214,591

Down $88,132 (-29%) from 2023

Expenses

Down

$235,618

Down $34,517 (-13%) from 2023

Net Income

Down

-$21,027

Down $53,615 (-165%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2011: $131,003Liabilities 2011: $5,9992011Assets 2012: $147,170Liabilities 2012: $5,697Net Assets 2012: $141,4732012Assets 2013: $178,954Liabilities 2013: $8,872Net Assets 2013: $170,0822013Assets 2014: $194,610Liabilities 2014: $5,456Net Assets 2014: $189,1542014Assets 2015: $179,818Liabilities 2015: $15,923Net Assets 2015: $163,8952015Assets 2016: $203,970Liabilities 2016: $6,676Net Assets 2016: $197,2942016Assets 2017: $184,845Liabilities 2017: $6,4462017Assets 2018: $173,352Liabilities 2018: $49,5962018Assets 2019: $169,873Liabilities 2019: $60,2492019Assets 2020: $210,089Liabilities 2020: $65,454Net Assets 2020: $144,6352020Assets 2021: $281,264Liabilities 2021: $63,899Net Assets 2021: $217,3652021Assets 2022: $301,673Liabilities 2022: $76,813Net Assets 2022: $224,8602022Assets 2023: $329,648Liabilities 2023: $66,730Net Assets 2023: $262,9182023Assets 2024: $362,153Liabilities 2024: $106,008Net Assets 2024: $256,1452024

Highlighted filing

2024

Assets$362,153
Liabilities$106,008
Net Assets$256,145

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2011: $171,992Expenses 2011: $170,748Net Income 2011: $1,2442011Revenue 2012: $175,125Expenses 2012: $156,121Net Income 2012: $19,0042012Revenue 2013: $198,876Expenses 2013: $173,444Net Income 2013: $25,4322013Revenue 2014: $204,016Expenses 2014: $191,624Net Income 2014: $12,3922014Revenue 2015: $183,698Expenses 2015: $205,829Net Income 2015: -$22,1312015Revenue 2016: $234,123Expenses 2016: $191,522Net Income 2016: $42,6012016Revenue 2017: $163,239Expenses 2017: $184,331Net Income 2017: -$21,0922017Revenue 2018: $158,199Expenses 2018: $251,006Net Income 2018: -$92,8072018Revenue 2019: $163,893Expenses 2019: $174,557Net Income 2019: -$10,6642019Revenue 2020: $207,474Expenses 2020: $165,217Net Income 2020: $42,2572020Revenue 2021: $210,254Expenses 2021: $156,323Net Income 2021: $53,9312021Revenue 2022: $240,926Expenses 2022: $200,134Net Income 2022: $40,7922022Revenue 2023: $302,723Expenses 2023: $270,135Net Income 2023: $32,5882023Revenue 2024: $214,591Expenses 2024: $235,618Net Income 2024: -$21,0272024

Highlighted filing

2024

Revenue$214,591
Expenses$235,618
Net Income-$21,027

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.62$1.06$2.56$2.15$2.36$0.21
2023Detailed filing. Detailed filing data is available for this year.$3.30$0.67$2.63$3.03$2.70$0.33
2022Detailed filing. Detailed filing data is available for this year.$3.02$0.77$2.25$2.41$2.00$0.41
2021Detailed filing. Detailed filing data is available for this year.$2.81$0.64$2.17$2.10$1.56$0.54
2020Detailed filing. Detailed filing data is available for this year.$2.10$0.65$1.45$2.07$1.65$0.42
2019Summary only. Only limited summary data is available for this year.$1.70$0.60$1.64$1.75$0.11
2018Summary only. Only limited summary data is available for this year.$1.73$0.50$1.58$2.51$0.93
2017Summary only. Only limited summary data is available for this year.$1.85$0.06$1.63$1.84$0.21
2016Detailed filing. Detailed filing data is available for this year.$2.04$0.07$1.97$2.34$1.92$0.43
2015Detailed filing. Detailed filing data is available for this year.$1.80$0.16$1.64$1.84$2.06$0.22
2014Detailed filing. Detailed filing data is available for this year.$1.95$0.05$1.89$2.04$1.92$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$0.09$1.70$1.99$1.73$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.47$0.06$1.41$1.75$1.56$0.19
2011Summary only. Only limited summary data is available for this year.$1.31$0.06$1.72$1.71$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 16, 2024
Return Version
2023v5.1
Gross Receipts
$214,591
Mission and Program Overview

Mission

The Minnesota Academy of Physician Assistants seeks to promote quality, cost effective, accessible health care and to promote the professional and personal development of Minnesota physician assistants.

To promote quality, cost effective, accessible health care, and to promote the professional and personal development of minnesota physician assistants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$200,126$166,746▼ $33,380
Investments in Publicly Traded Securities$118,391$134,673▲ $16,282
Accounts Receivable$0$47,512▲ $47,512
Investments Other Securities$10,250$10,758▲ $508
Prepaid Expenses and Deferred Charges$881$2,464▲ $1,583
Total Assets$329,648$362,153▲ $32,505
Liabilities
Deferred Revenue$49,649$102,737▲ $53,088
Accounts Payable and Accrued Expenses$17,081$3,271▼ $13,810
Total Liabilities$66,730$106,008▲ $39,278
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$262,918$256,145▼ $6,773
Total Net Assets Fund Balance$262,918$256,145▼ $6,773
Total Liabilities and Net Assets / Fund Balance$329,648$362,153▲ $32,505
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carolyn JahrImmediate Past President
Brittany StrelowPresident
Clinton BillhornPresident-elect
DANIELLE O'LAUGHLINDirector
Hayden MiddletonDirector
Katarina AstrupDirector
Ryan KingsleyDirector
Su ThongpanExecutive Director From 2/2024
Lisa NoonExecutive Director Thru 1/2024
Vanessa BesterSecretary
Kimberly LakhanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$8,400
Program Service Revenue
$183,506
Investment Income
$2,536
Other Revenue
$20,149
All Other Contributions
$8,400
Change in Net Assets
$-21,027
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$234,418
Grants and Similar Amounts Paid$1,200
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$84,996
Conferences and Meetings---$65,028
Fees for Services Lobbying---$43,700
Travel---$19,304
Other Expenses---$8,982
Office Expenses---$7,746
Advertising---$2,282
Fees for Services Accounting---$1,443
Grants to Domestic Orgs---$1,200
Insurance---$937
Total Functional Expenses$0$0$0$235,618
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Membership categories are a) fellow, b) sustaining, c) new graduate, d) student, e) affiliate, f) honorary, g) pre-pa student, and h) retired.

Form 990, Part VI, Section A, Line 7A

Eligible voting members, include fellow, sustaining, and retired members for elected positions on the board of directors. All committee chairs are appointed by the president, with the majority approval of the board of directors.

Form 990, Part VI, Section A, Line 7B

The bylaws may be amended at any regular or special meeting of the membership by a majority vote of all voting members present provided that a notice of such amendments shall have been provided to all active members not less than one month prior to the meeting. The notice can be provided by post mail or by e-mail, and the notice will also be posted on the official web site not less than four weeks prior to the meeting.

Form 990, Part VI, Section B, Line 11B

The members of the governing body review the form 990 before it is filed.

Form 990, Part VI, Section B, Line 12C

Members of the board of directors complete the conflict of interest disclosure form at the beginning of each leadership year, and board meeting packet includes this statement, spoken by the president at each meeting: "it is my duty to remind you that the minnesota academy of physician assistants maintains an official policy with respect to the disclosure of bias and potential conflicts of interest, and related party transactions. If you have a question about whether you should make such a disclosure and you are about to participate in a meeting where that conflict would apply, you should ask the chair of the meeting whether you should abstain yourself or not participate in the discussion for its duration."

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Minnesota Academy of Physician
EIN
41-1312088
Phone
7574738701
Address
PO BOX 459, TOLLAND, CT 06084

Signing Officer

Name
Kimberly Lakhan
Title
Treasurer
Phone
7574738701
Signed
2024-10-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimberly Lakhan
Formed
1977
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
40

Preparer

Firm
Wegner Cpas Llp
Address
2921 LANDMARK PL STE 300, MADISON, WI 53713-4236
Preparer
Jenny Tarkowski CPA
Phone
6082744020
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgSrvcAccomActy2Grp/Desc0SPRING EDUCATION CONFERENCE TO PROVIDE INFORMATION AND EDUCATION TO PHYSICIAN ASSISTANTS.
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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt034440
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04302
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IRS990/PYOtherRevenueAmt014720
IRS990/PYProgramServiceRevenueAmt0249261
IRS990/PYRevenuesLessExpensesAmt032588
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0270135
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0302723
IRS990/ReconcilationRevenueExpnssAmt0-21027
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt020009
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IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERSHIP CATEGORIES ARE A) FELLOW, B) SUSTAINING, C) NEW GRADUATE, D) STUDENT, E) AFFILIATE, F) HONORARY, G) PRE-PA STUDENT, AND H) RETIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ELIGIBLE VOTING MEMBERS, INCLUDE FELLOW, SUSTAINING, AND RETIRED MEMBERS FOR ELECTED POSITIONS ON THE BOARD OF DIRECTORS. ALL COMMITTEE CHAIRS ARE APPOINTED BY THE PRESIDENT, WITH THE MAJORITY APPROVAL OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BYLAWS MAY BE AMENDED AT ANY REGULAR OR SPECIAL MEETING OF THE MEMBERSHIP BY A MAJORITY VOTE OF ALL VOTING MEMBERS PRESENT PROVIDED THAT A NOTICE OF SUCH AMENDMENTS SHALL HAVE BEEN PROVIDED TO ALL ACTIVE MEMBERS NOT LESS THAN ONE MONTH PRIOR TO THE MEETING. THE NOTICE CAN BE PROVIDED BY POST MAIL OR BY E-MAIL, AND THE NOTICE WILL ALSO BE POSTED ON THE OFFICIAL WEB SITE NOT LESS THAN FOUR WEEKS PRIOR TO THE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MEMBERS OF THE GOVERNING BODY REVIEW THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEMBERS OF THE BOARD OF DIRECTORS COMPLETE THE CONFLICT OF INTEREST DISCLOSURE FORM AT THE BEGINNING OF EACH LEADERSHIP YEAR, AND BOARD MEETING PACKET INCLUDES THIS STATEMENT, SPOKEN BY THE PRESIDENT AT EACH MEETING: "IT IS MY DUTY TO REMIND YOU THAT THE MINNESOTA ACADEMY OF PHYSICIAN ASSISTANTS MAINTAINS AN OFFICIAL POLICY WITH RESPECT TO THE DISCLOSURE OF BIAS AND POTENTIAL CONFLICTS OF INTEREST, AND RELATED PARTY TRANSACTIONS. IF YOU HAVE A QUESTION ABOUT WHETHER YOU SHOULD MAKE SUCH A DISCLOSURE AND YOU ARE ABOUT TO PARTICIPATE IN A MEETING WHERE THAT CONFLICT WOULD APPLY, YOU SHOULD ASK THE CHAIR OF THE MEETING WHETHER YOU SHOULD ABSTAIN YOURSELF OR NOT PARTICIPATE IN THE DISCUSSION FOR ITS DURATION."
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalProgramServiceRevenueAmt0183506
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt022685
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0183506
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0214591
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt040
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0329648
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0362153
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/USAddress/AddressLine1Txt0PO BOX 459
IRS990/USAddress/CityNm0TOLLAND
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IRS990/USAddress/ZIPCd006084
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IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.MINNESOTAPA.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KIMBERLY LAKHAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07574738701
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINNESOTA ACADEMY OF PHYSICIAN
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390974031
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WEGNER CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02921 LANDMARK PL STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MADISON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0537134236
ReturnHeader/PreparerPersonGrp/PhoneNum06082744020
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JENNY TARKOWSKI CPA
ReturnHeader/ReturnTs02024-10-18T14:30:33-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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