ECONOMIC CLUB OF MINNESOTA (EIN 263292945) - 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

2008

Legal Domicile

Principal Officer

KATE RESCHENBERG

Phone

6123869128

Tax Period

2023-07-01 to 2024-06-30

ECONOMIC CLUB OF MINNESOTA, founded in 2008, is a small nonprofit in the Social Science sector that reported $346K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $406K exceeded revenue, resulting in a 18% operating deficit.

Mission

THE ECONONIC CLUB OF MINNESOTA (ECOM) PROVIDES A HIGH-PROFILE, NON-PARTISAN PLATFORM FOR NATIONAL AND INTERNATIONAL LEADERS IN BUSINESS, GOVERNMENT AND PUBLIC POLICY TO PRESENT THEIR IDEAS ON HOW MINNESOTA CAN BETTER COMPETE IN THE GLOBAL ECONOMY AND HOW AMERICA CAN MOST EFFECTIVELY PROVIDE WORLD LEADERSHIP ON ECONOMIC STRATEGY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $213,591

Program Service Revenue $126,320

Investment Income $5,747

Other Revenue $0

TOTAL REVENUE $345,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $228,883

Fundraising Expenses $41,723

Program Expenses $261,859

Other Expenses $177,583

TOTAL EXPENSES $406,466

Year-over-Year Comparison

	2023	2022	Change
Revenue	$345,658	$409,521	-0.2%
Expenses	$406,466	$425,205	0.0%
Net Income	$-60,808	$-15,684	+2.9%

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

Volunteers

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

$150,512

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEEL KASHKARI	CHAIRMAN	1.00	Officer Director	$0	$0	$0
TIMOTHY PENNY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ELLIOT JAFFEE	TREASURER	1.00	Officer Director	$0	$0	$0
JEANNINE RIVET	SECRETARY	1.00	Officer Director	$0	$0	$0
DR CHRISTINE CUMMING	DIRECTOR	1.00	Director	$0	$0	$0
STEVE SANGER	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA MACMILLAN	DIRECTOR	1.00	Director	$0	$0	$0
ERIK PAULSEN	DIRECTOR	1.00	Director	$0	$0	$0
KATE KELLY	DIRECTOR	1.00	Director	$0	$0	$0
BEN OMOROGBE	DIRECTOR	1.00	Director	$0	$0	$0
SRI ZAHEER	DIRECTOR	1.00	Director	$0	$0	$0
RONALD SCHUTZ	DIRECTOR	1.00	Director	$0	$0	$0
KATE RESCHENBERG	EXECUTIVE DIRECTOR	40.00	Officer	$132,775	$17,737	$150,512

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	No data	No data	No data	No data
2024	$345,658	$406,466	$692,021	$-60,808
2023	$409,521	$425,205	$754,732	$-15,684
2022	$398,210	$347,851	$771,002	$50,359
2021	$434,751	$351,652	$730,952	$83,099
2020	$551,598	$419,831	$642,859	$131,767
2019	$546,849	$452,120	$506,367	$94,729

ECONOMIC CLUB OF MINNESOTA