MINNE

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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

JEFF SELLNER

Phone

6128124299

Tax Period

2023-01-01 to 2023-12-31

MINNE, founded in 2010, is a small nonprofit in the Education sector that reported $182K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $258K exceeded revenue, resulting in a 42% operating deficit.

Mission

MINNESTAR BRINGS TOGETHER THE MINNESOTA TECHNOLOGY COMMUNITY, PROMOTING CONNECTIONS AND HELPING THE TECHNOLOGY COMMUNITY LEARN FROM EACH OTHER. WE EXIST TO BUILD, NURTURE, AND ENGAGE THOSE INTERESTED IN TECHNOLOGY THROUGH MEANINGFUL CONNECTION.

Program Service Accomplishments

Program 1

Expenses: $188,789

MINNESTAR HELPS TO INFUSE MINNESOTA WITH A THRIVING TECHNOLOGY ENVIRONMENT. MINNESTAR BRINGS TOGETHER THE MINNESOTA TECHNOLOGY COMMUNITY, PROMOTING CONNECTIONS AND HELPING THE TECHNOLOGY COMMUNITY...

MINNESTAR HELPS TO INFUSE MINNESOTA WITH A THRIVING TECHNOLOGY ENVIRONMENT. MINNESTAR BRINGS TOGETHER THE MINNESOTA TECHNOLOGY COMMUNITY, PROMOTING CONNECTIONS AND HELPING THE TECHNOLOGY COMMUNITY LEARN FROM EACH OTHER. WE EXIST TO BUILD, NURTURE, AND ENGAGE THOSE INTERESTED IN TECHNOLOGY THROUGH MEANINGFUL CONNECTION.IN 2023, WE CONTINUED WITH IN-PERSON EVENTS FOR THE ORGANIZATION. THE ORGANIZATION CONTINUED TO INNOVATE AMIDST THE CHANGING LANDSCAPE, WITH A SAFE AND THOUGHTFUL RETURN TO IN-PERSON AND HYBRID EVENTS. WE HELD SEVERAL EVENTS, INCLUDING ONE (1) LARGE ALL DAY CONFERENCE, THREE (3) TECHNOLOGY DEMO EVENTS INCLUDING A STUDENT DEMO EVENT. WE ALSO HOST EXPERT VIRTUAL EVENTS AND OTHER SMALLER EVENTS CONVENING THE COMMUNITY AROUND MUTUAL INTERESTS.OUR EVENTS REMAIN THE GO-TO EVENTS SHOWCASING TECHNOLOGY AND INNOVATION IN OUR COMMUNITY. WE HAD 3,271 PEOPLE REGISTER FOR OUR EVENTS IN 2023. OUR EVENTS ARE ATTENDED BY INDIVIDUALS OF ALL AREAS OF THE TECH ECOSYSTEM, FROM DEVELOPERS TO ENTREPRENEURS, VC INVESTORS TO STUDENTS. WE AIM TO PROVIDE A HIGH QUALITY PLATFORM TO SHOWCASE INNOVATION IN OUR TECH COMMUNITY, WHILE BRINGING PEOPLE TOGETHER TO CATALYZE, GROW AND SUPPORT A THRIVING TECH COMMUNITY FOR ALL.

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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 $175,922

Program Service Revenue $0

Investment Income $4,489

Other Revenue $1,846

TOTAL REVENUE $182,257

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,451

Fundraising Expenses $17,453

Program Expenses $188,789

Other Expenses $141,590

TOTAL EXPENSES $258,041

Year-over-Year Comparison

	2023	2022	Change
Revenue	$182,257	$283,969	-0.4%
Expenses	$258,041	$277,478	-0.1%
Net Income	$-75,784	$6,491	-12.7%

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

400

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

$108,029

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH OLSON	EXECUTIVE DIRECTOR BEGINNING JULY	40.00	Officer	$56,731	$0	$56,731
MARIA PLOESSL	EXECUTIVE DIRECTOR THROUGH JUNE	40.00	Officer	$51,298	$0	$51,298
JENNA PEDERSON	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
JEFF SELLNER	TREASURER	5.00	Officer Director	$0	$0	$0
LINDSI GISH	SECRETARY	5.00	Officer Director	$0	$0	$0
FREDRICK BLOCTON	BOARD MEMBER	1.00	Director	$0	$0	$0
LIZZIE BREYER BOWMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTIN DEAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES EDGE	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLINE KARANJA	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER MICKMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
EVE POESCHL	BOARD MEMBER	1.00	Director	$0	$0	$0
DAMIEN RIEHL	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTOINETTE SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
JENESSA WHITE	BOARD MEMBER	1.00	Director	$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
2024	No data	No data	No data	No data
2023	$182,257	$258,041	$310,065	$-75,784
2022	$283,969	$277,478	$428,763	$6,491
2021	$257,148	$246,718	$388,318	$10,430
2020	$247,751	$176,207	$420,132	$71,544
2019	$256,271	$216,319	$368,427	$39,952
2018	$230,301	$223,717	$336,157	$6,584