MINNESOTA COMMERCIAL ASSOCIATION OF REAL ESTATE (EIN 273217413) - 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

2010

Legal Domicile

Principal Officer

MATTHEW ANFANG

Phone

9529081787

Tax Period

2024-01-01 to 2024-12-31

MINNESOTA COMMERCIAL ASSOCIATION OF REAL ESTATE, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $639K in total revenue in fiscal year 2024. Expenses of $567K left a modest 11% surplus.

Mission

PROMOTE THE COMMON BETTERMENT & BUSINESS INTERESTS OF COMMERCIAL REAL ESTATE LICENSEES IN MINNESOTA

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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 $0

Program Service Revenue $571,870

Investment Income $31,448

Other Revenue $36,116

TOTAL REVENUE $639,434

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $350,426

Fundraising Expenses $0

Other Expenses $215,087

TOTAL EXPENSES $567,013

Year-over-Year Comparison

	2024	2023	Change
Revenue	$639,434	$658,225	0.0%
Expenses	$567,013	$586,990	0.0%
Net Income	$72,421	$71,235	+0.0%

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

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

$187,010

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN SALMEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRYAN BELTRAND	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
LEIF ARONSEN	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
JEN HELM	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HOUGE	DIRECTOR	1.00	Director	$0	$0	$0
DAN MUELLER	DIRECTOR	1.00	Director	$0	$0	$0
ELIJAH WIEBERDINK	DIRECTOR	1.00	Director	$0	$0	$0
ERICKA MILLER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MCKENNA	DIRECTOR	1.00	Director	$0	$0	$0
ELENA BRANCA	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW ANFANG	EXECUTIVE DIRECTOR	18.00	Officer	$170,088	$16,922	$187,010

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	$639,434	$567,013	$1,705,652	$72,421
2023	$658,225	$586,990	$1,736,822	$71,235
2022	$598,363	$529,479	$1,726,547	$68,884
2021	$571,186	$475,559	$1,714,649	$95,627
2020	$400,998	$363,096	$1,514,894	$37,902
2019	$533,584	$471,007	$1,430,472	$62,577
2018	$505,129	$510,108	$1,193,608	$-4,979

MINNESOTA COMMERCIAL ASSOCIATION OF REAL ESTATE