Civic Intelligence

The Medical Alley Association

EIN 41-1531192 • 501(c)6 • Golden Valley, MN

View Organization Page

Profile

To activate and amplify healthcare transformation and be the epicenter of health innovation and care.

4150 Olson Memorial Highway 430Golden Valley, MN 55422

www.medicalalley.org

Siviq Scores

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

Liabilities / Assets

89th percentile

0.59x

Higher debt load relative to assets than 89% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

0.45x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

36th percentile

0.4%

Higher net margin than 36% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

94th percentile

$386,112

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

37th percentile

1.2%

Faster asset growth than 37% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

44th percentile

3.9%

Faster revenue growth than 44% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$3,631,228

Up $42,311 (+1.2%) from 2023

Liabilities

Up

$2,130,447

Up $24,529 (+1.2%) from 2023

Net Assets

Up

$1,500,781

Up $17,782 (+1.2%) from 2023

Operations
Liabilities / Revenue80th percentileNet Margin36th percentile

Revenue

Up

$4,687,014

Up $176,086 (+3.9%) from 2023

Expenses

Up

$4,669,232

Up $175,964 (+3.9%) from 2023

Net Income

Up

$17,782

Up $122 (+0.7%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth37th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $688,744Liabilities 2010: $697,722Net Assets 2010: -$8,9782010Assets 2011: $858,387Liabilities 2011: $848,330Net Assets 2011: $10,0572011Assets 2012: $761,760Liabilities 2012: $753,498Net Assets 2012: $8,2622012Assets 2013: $661,357Liabilities 2013: $663,867Net Assets 2013: -$2,5102013Assets 2014: $636,749Liabilities 2014: $596,352Net Assets 2014: $40,3972014Assets 2015: $809,864Liabilities 2015: $678,435Net Assets 2015: $131,4292015Assets 2016: $1,213,952Liabilities 2016: $801,066Net Assets 2016: $412,8862016Assets 2017: $1,078,449Liabilities 2017: $611,936Net Assets 2017: $466,5132017Assets 2018: $1,394,906Liabilities 2018: $985,837Net Assets 2018: $409,0692018Assets 2019: $1,310,658Liabilities 2019: $661,432Net Assets 2019: $649,2262019Assets 2020: $2,350,243Liabilities 2020: $1,461,942Net Assets 2020: $888,3012020Assets 2021: $3,001,630Liabilities 2021: $2,087,356Net Assets 2021: $914,2742021Assets 2022: $3,666,259Liabilities 2022: $2,200,920Net Assets 2022: $1,465,3392022Assets 2023: $3,588,917Liabilities 2023: $2,105,918Net Assets 2023: $1,482,9992023Assets 2024: $3,631,228Liabilities 2024: $2,130,447Net Assets 2024: $1,500,7812024

Highlighted filing

2024

Assets$3,631,228
Liabilities$2,130,447
Net Assets$1,500,781
Open 2024 Filing

Operations Trend

Revenue Growth44th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,154,4142010Revenue 2011: $2,435,215Expenses 2011: $2,419,503Net Income 2011: $15,7122011Expenses 2012: $2,275,0512012Revenue 2013: $2,058,428Expenses 2013: $2,062,219Net Income 2013: -$3,7912013Revenue 2014: $2,223,081Expenses 2014: $2,183,305Net Income 2014: $39,7762014Revenue 2015: $1,870,027Expenses 2015: $1,809,918Net Income 2015: $60,1092015Revenue 2016: $1,944,140Expenses 2016: $1,722,089Net Income 2016: $222,0512016Revenue 2017: $1,850,402Expenses 2017: $1,797,591Net Income 2017: $52,8112017Revenue 2018: $2,152,120Expenses 2018: $2,196,781Net Income 2018: -$44,6612018Revenue 2019: $2,695,662Expenses 2019: $2,479,800Net Income 2019: $215,8622019Revenue 2020: $2,494,393Expenses 2020: $2,282,872Net Income 2020: $211,5212020Revenue 2021: $3,073,368Expenses 2021: $3,036,843Net Income 2021: $36,5252021Revenue 2022: $4,824,176Expenses 2022: $4,238,516Net Income 2022: $585,6602022Revenue 2023: $4,510,928Expenses 2023: $4,493,268Net Income 2023: $17,6602023Revenue 2024: $4,687,014Expenses 2024: $4,669,232Net Income 2024: $17,7822024

Highlighted filing

2024

Revenue$4,687,014
Expenses$4,669,232
Net Income$17,782
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$3,631,228
Liabilities
$2,130,447
Net assets
$1,500,781
Revenue
$4,687,014
Expenses
$4,669,232
Net income
$17,782
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.63$2.13$1.50$4.69$4.67$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.59$2.11$1.48$4.51$4.49$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.67$2.20$1.47$4.82$4.24$0.59
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$3.00$2.09$0.91$3.07$3.04$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.35$1.46$0.89$2.49$2.28$0.21
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$0.66$0.65$2.70$2.48$0.22
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.99$0.41$2.15$2.20$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.08$0.61$0.47$1.85$1.80$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.21$0.80$0.41$1.94$1.72$0.22
2015Summary only. Only limited summary data is available for this year.$0.81$0.68$0.13$1.87$1.81$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.64$0.60$0.04$2.22$2.18$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.66$0.66$0.00$2.06$2.06$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$0.75$0.01$2.28
2011Summary only. Only limited summary data is available for this year.$0.86$0.85$0.01$2.44$2.42$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.70$0.01$2.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 19, 2025
Return Version
2024v5.2
Gross Receipts
$4,687,014
Mission and Program Overview

Mission

To champion and facilitate an environment that enables health technology and care organizations to innovate, succeed and influence the evolution of healthcare.

Mission: to activate and amplify healthcare transformation. Vision: to be the epicenter of health innovation and care.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,050,759$2,156,373▲ $105,614
Investments in Publicly Traded Securities$669,405$700,362▲ $30,957
Accounts Receivable$215,019$380,054▲ $165,035
Cash and Non-Interest-Bearing Accounts$300,173$129,778▼ $170,395
Prepaid Expenses and Deferred Charges$144,986$117,251▼ $27,735
Land, Buildings, and Equipment, Net$114,782$96,776▼ $18,006
Inventories for Sale or Use-$5,950-
Total Assets$3,588,917$3,631,228▲ $42,311
Other Assets Total$93,793$44,684▼ $49,109
Liabilities
Deferred Revenue$1,692,635$1,837,906▲ $145,271
Accounts Payable and Accrued Expenses$262,075$219,371▼ $42,704
Other Liabilities$151,208$73,170▼ $78,038
Total Liabilities$2,105,918$2,130,447▲ $24,529
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,482,999$1,500,781▲ $17,782
Total Net Assets Fund Balance$1,482,999$1,500,781▲ $17,782
Total Liabilities and Net Assets / Fund Balance$3,588,917$3,631,228▲ $42,311

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$40,816$267,513$308,329
Other Land Buildings$29,131$128,664$157,795
Equipment$26,829$129,457$156,286
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Roberta DressenPresident and CEOFT$341,908$44,204$386,112
Anette LillegardVP of PartnershipsFT$265,901$54,522$320,423
Frank JaskulkeVP of InnovationFT$112,051$68,631$180,682
Peter GlessingSr Director Gov Affairs and CommunicationsFT$150,106$21,219$171,325
Peter GlessingSr Director Gov Affairs and Communication-$150,106$21,219$171,325
Benjamin WagnerAssoc. Director, CommunicationsFT$126,284$14,399$140,683

Board Members and Trustees

NameTitle
James HerefordChairperson
Chris LandonVice Chair
Aaron HudyDirector
Ann LaddDirector
Barbara JoersDirector
Brad SorensonDirector
Chris GantDirector
Darren MoquistDirector
Ed HedblomDirector
Heidi DieterDirector
Jaclyn WainwrightDirector
Jakub TolarDirector
Jennifer DecubellisDirector
Jodi HublerDirector
Jon PearceDirector
Jp PeltierDirector
Kyle RolfingDirector
Lisa ShannonDirector
Manu VarmaDirector
Milton BoyerDirector
Natasha ChenDirector
Ping YehDirector
Robert Wieland MdDirector
Scott CundyDirector
Timothy FrischmonDirector
Tom VanderheydenDirector
Amy RonnebergSecretary
Angie FranksTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
True North Group LLCConsulting5205 IRVING AVE SOUTH, Minneapolis, MN 55419$116,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,552,845
Investment Income
$121,220
Other Revenue
$12,949
Change in Net Assets
$17,782
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,427,958
Other Expenses$2,241,274
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,744,459
Conferences and Meetings---$898,251
Current Officers, Directors, Trustees, and Key Employees---$386,112
Advertising---$319,832
Information Technology---$158,219
Travel---$145,625
Payroll Taxes---$136,591
Occupancy---$122,691
Other Employee Benefits---$119,783
Fees for Services Other---$72,023
Depreciation Depletion---$57,767
Pension Plan Contributions---$41,013
Office Expenses---$33,646
Fees for Services Accounting---$18,744
Insurance---$13,792
Other Expenses---$2,450
Fees for Services Legal---$421
Total Functional Expenses$0$0$0$4,669,232
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

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$408,557
Total Nondeductible Lobbying and Political Cost$232,090
Political Expenditures$1,700
Section 527 Activity Spending$1,700
Total Exempt Function Spending$1,700
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$73,170
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

“The board of directors may designate an executive committee, the membership of which shall include at least three (3) directors. The executive committee shall have the authority of the board of directors in the management of the business of this corporation in the interval between meetings of the board of directors, and such other powers and duties as shall be designated by the board of directors from time to time, including but not limited to advising the chair and ceo with respect to board meeting procedures and materials, and making recommendations to the board concerning functions, budgets, membership, and other matters relating to standing and other committees, management selection and development and executive compensation and performance evaluation. The executive committee shall at all times be subject to the control and direction of the board of directors.”

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

“A copy of the form 990 is electronically distributed to all board members for their review and comments prior to filing.”

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

“Officers, directors and key employees are required to annually sign a statement which affirms that they have received a copy of the conflict of interest policy which includes a duty to disclose potential conflicts of interest as they arise. The board reviews and approves all transactions that have a potential or actual conflict of interest, as determined by the board without the influence of the conflicted individual. Conflicted individuals may not vote, or be present for the discussion and vote, on any matter in which a conflict of interest has been determined to exist. The minutes of the meeting shall contain the names of persons present for discussions and votes, the content of the discussion, including any alternatives to the proposed transaction or arrangement, and a record of any votes taken in connection therewith.”

Form 990, Part VI, Section B, Line 15A

“A compensation committee is convened annually by the board of directors. This committee includes the board chairperson and the treasurer. The committee works with the ceo at the beginning of the year on a goal setting process. The committee then reviews ceo performance at the end of the year in comparison to those goals for purposes of determining bonus eligibility and/or merit pay increases. The committee pulls ceo compensation data from other similar non-profit entities to ensure the ceo's compensation package is within a reasonable market range, with consideration of size, location, and budget differences. Salary actions are approved by full executive committee. Documentation of deliberation and approved compensation is noted in the employee file. The process described here was last completed in 2024.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Medical Alley Association
EIN
41-1531192
Phone
9525423077
Address
4150 OLSON MEMORIAL HIGHWAY 430, GOLDEN VALLEY, MN 55422
Doing Business As
Medical Alley

Signing Officer

Name
Roberta Antoine Dressen
Title
President & CEO
Phone
9525423077
Signed
2025-11-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roberta Antoine Dressen
Formed
1985
Legal Domicile
Mn
Voting Board Members
28
Independent Board Members
28
Employees
21
Volunteers
30

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 S 6TH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Ann Neil
Phone
6123764500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization qualifies as a tax-exempt organization described in section 501(c)(6) and is not a private foundation under section 509(a)(2) of the internal revenue code. As such, it is exempt from federal and state income tax, but is subject to federal and state income taxes on net unrelated business income. The organization is subject to unrelated business income tax on advertising but currently has no material unrelated business income. The organization follows the guidance in the income tax standard regarding the recognition and measurement of uncertain tax positions. The application of this standard had no impact on the organization's financial statements. The organization files as a tax-exempt organization.”

Raw XML AppendixShowing 400 of 677 raw XML fields

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/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1VP OF INNOVATION
IRS990/Form990PartVIISectionAGrp/TitleTxt2SR DIR GOV AFFAIRS AND COMMUNICATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt3VP OF PARTNERSHIPS
IRS990/Form990PartVIISectionAGrp/TitleTxt4ASSOC. DIRECTOR, COMMUNICATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33DIRECTOR
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