MNSBIR INC (EIN 320685806) - 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

2021

Legal Domicile

Principal Officer

PATSY DILLON

Phone

6126691274

Tax Period

2024-01-01 to 2024-12-31

MNSBIR INC, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $465K in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $442K left a modest 5% surplus.

Mission

MNSBIR, INC. IS DEDICATED TO ADVANCING SCIENTIFIC EXCELLENCE AND TECHNOLOGICAL INNOVATION TO BOLSTER MINNESOTA'S ECONOMY WHILE FOSTERING OPPORTUNITIES 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 (2024)

Revenue Breakdown

Contributions & Grants $451,515

Program Service Revenue $13,021

Investment Income $0

Other Revenue $0

TOTAL REVENUE $464,536

Expense Breakdown

Grants Paid $0

Salaries & Benefits $199,979

Fundraising Expenses $0

Program Expenses $377,511

Other Expenses $241,698

TOTAL EXPENSES $441,677

Year-over-Year Comparison

	2024	2023	Change
Revenue	$464,536	$304,071	+0.5%
Expenses	$441,677	$362,239	+0.2%
Net Income	$22,859	$-58,168	-1.4%

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

N/A

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

$188,382

Total Directors

$148,382

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATSY DILLON	PRESIDENT AND CEO	40.00	Officer Director	$145,000	$3,382	$148,382
BRIAN BROCKWAY	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL WRIGHT	TREASURER	1.00	Officer Director	$0	$0	$0
PATRICE KLOSS	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN HOBDAY	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF LITER	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANE RUCKER	BOARD MEMBER	1.00	Director	$0	$0	$0
TAUNIA GORKA	VP FINANCE AND ADMINISTRATION	13.00	Officer	$40,000	$0	$40,000

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	$464,536	$441,677	$161,129	$22,859
2023	$1,155,035	$363,203	$1,134,019	$791,832
2023	$1,155,035	$363,203	$1,134,019	$791,832

MNSBIR INC