MINNESOTA NEWS MEDIA INSTITUTE INC

EIN: 271628407 501(c)(3) Education

MINNEAPOLIS, MN

Total Revenue
$71,376
Total Expenses
$79,758
Total Assets
$1,635,117
Net Assets
$1,565,428
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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
2009
Legal Domicile
MN
Principal Officer
LISA HILLS
Phone
6123328844
Tax Period
2024-01-01 to 2024-12-31

MINNESOTA NEWS MEDIA INSTITUTE INC, founded in 2009, is a micro nonprofit in the Education sector that reported $71K in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $80K exceeded revenue, resulting in a 12% operating deficit.

Mission

PROVIDE EDUCATION AND PROFESSIONAL DEVELOPMENT FOR THE MINNESOTA NEWSPAPER COMMUNITY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $17,283
Program Service Revenue $9,340
Investment Income $44,753
Other Revenue $0
TOTAL REVENUE $71,376

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $7,794
Program Expenses $42,602
Other Expenses $79,758
TOTAL EXPENSES $79,758

Year-over-Year Comparison

2024 2023 Change
Revenue $71,376 $178,407 -0.6%
Expenses $79,758 $134,252 -0.4%
Net Income $-8,382 $44,155 -1.2%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

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
8
$165,331
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHAD KOENEN IMMEDIATE PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
JUSTIN LESSMAN 1ST VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
CRYSTAL MILLER PRESIDENT 1.00
Officer Director
$0 $0 $0
TARA BRANDL 2ND VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
KELLY BOLDAN 3RD VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DOUG HANNEMAN RETIRED EDITOR 1.00
Director
$0 $0 $0
ELISA COHEN DIRECTOR 1.00
Director
$0 $0 $0
STEVE JAMESON DIRECTOR 1.00
Director
$0 $0 $0
BILL GAIER CHAIR, DIRECTOR 1.00
Officer Director
$0 $0 $0
TIM DOUGLASS TREASURER 1.00
Officer Director
$0 $0 $0
TED ALMEN DIRECTOR 1.00
Director
$0 $0 $0
LISA HILLS EXECUTIVE DIRECTOR 1.00
Officer
$0 $12,816 $165,331
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
2024 $71,376 $79,758 $1,635,117 $-8,382
2023 $178,407 $134,252 $1,539,374 $44,155
2022 $45,062 $115,058 $1,480,271 $-69,996
2021 $46,043 $60,939 $1,765,719 $-14,896
2020 $41,377 $95,657 $1,515,220 $-54,280
2019 $185,828 $97,235 $1,466,066 $88,593
2018 $79,482 $96,903 $1,178,192 $-17,421
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