Minnesota Brass Inc (EIN 237209331) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1946

Legal Domicile

Principal Officer

Dave Whitaker

Phone

6512830243

Tax Period

2024-11-01 to 2025-10-31

Minnesota Brass Inc, founded in 1946, is a small nonprofit in the Education sector that reported $278K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $337K exceeded revenue, resulting in a 21% operating deficit.

Mission

Minnesota Brass shares a unique passion for the live performing arts by producing ensembles and events that challenge our members to reach their full potential while inspiring our audiences.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $235,303

Program Service Revenue $13,103

Investment Income $25,049

Other Revenue $4,442

TOTAL REVENUE $277,897

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $325,350

Other Expenses $337,172

TOTAL EXPENSES $337,172

Year-over-Year Comparison

	2024	2023	Change
Revenue	$277,897	$324,582	-0.1%
Expenses	$337,172	$295,029	+0.1%
Net Income	$-59,275	$29,553	-3.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

235

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary Stennes	Board Chair	5.00	Officer Director	$0	$0	$0
Dave Whitaker	Treasurer	3.00	Officer Director	$0	$0	$0
Kory Esterberg	Director	3.00	Director	$0	$0	$0
Joanna Stubbins	Director	3.00	Director	$0	$0	$0
Vivian Hillstrom	Director	3.00	Director	$0	$0	$0
Paul Terry	Director	3.00	Director	$0	$0	$0
Alexis Miller	Director	3.00	Director	$0	$0	$0
Eric Molho	CEO	3.00	Officer	$0	$0	$0
Mike Finney	Executive Director	4.00	Officer	$0	$0	$0
Gwynne Byrne	Secretary	3.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$277,897	$337,172	$864,410	$-59,275
2024	$324,582	$295,029	$884,880	$29,553
2023	$243,941	$275,519	$769,762	$-31,578
2022	$162,878	$236,213	$808,717	$-73,335
2021	$133,828	$64,455	$980,624	$69,373
2020	$132,250	$101,585	$843,472	$30,665

Minnesota Brass Inc