MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION (EIN 363468708) - 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

1986

Legal Domicile

Principal Officer

MIKE LOGAN

Phone

6123709100

Tax Period

2023-01-01 to 2023-12-31

MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION, founded in 1986, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2023. Expenses of $2.3M exceeded revenue, resulting in a 40% operating deficit.

Mission

TO SUPPORT THE MINNEAPOLIS REGIONAL CHAMBER TO CREATE A VIBRANT AND EQUITABLE ECONOMY.

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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 $1,480,569

Program Service Revenue $133,860

Investment Income $0

Other Revenue $3,259

TOTAL REVENUE $1,617,688

Expense Breakdown

Grants Paid $26,500

Salaries & Benefits $1,170,757

Fundraising Expenses $0

Program Expenses $2,061,030

Other Expenses $1,060,439

TOTAL EXPENSES $2,257,696

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,617,688	$1,612,535	+0.0%
Expenses	$2,257,696	$2,000,512	+0.1%
Net Income	$-640,008	$-387,977	+0.6%

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

N/A

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

$277,734

Total Directors

$277,734

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASSIE NELSON	CHAIR	1.00	Officer Director	$0	$0	$0
DAVID PRINCE	TREASURER	1.00	Officer Director	$0	$0	$0
JONATHAN WEINHAGEN	FORMER PRESIDENT/CEO	19.00	Officer Director	$0	$43,173	$277,734
DARREL GERMAN	BOARD CHAIR	1.00	Officer 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	$1,617,688	$2,257,696	$872,882	$-640,008
2022	$1,612,535	$2,000,512	$1,336,749	$-387,977
2021	$1,731,380	$1,754,053	$1,478,296	$-22,673
2020	$1,671,491	$1,080,874	$1,643,579	$590,617
2019	$786,008	$726,489	$530,493	$59,519
2018	$456,070	$399,326	$403,073	$56,744

MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION