HOSPITALITY MINNESOTA (EIN 410418382) - 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

1933

Legal Domicile

Principal Officer

ANGIE WHITCOMB

Phone

6517782400

Tax Period

2024-01-01 to 2024-12-31

HOSPITALITY MINNESOTA, founded in 1933, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum.

Mission

WE ADVANCE THE SUCCESS OF THE HOSPITALITY INDUSTRY THROUGH VALUE, VISION, AND VOICE.

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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 $870,440

Investment Income $35,701

Other Revenue $359,110

TOTAL REVENUE $1,265,251

Expense Breakdown

Grants Paid $0

Salaries & Benefits $926,722

Fundraising Expenses $0

Other Expenses $452,480

TOTAL EXPENSES $1,379,202

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,265,251	$856,399	+0.5%
Expenses	$1,379,202	$1,054,968	+0.3%
Net Income	$-113,951	$-198,569	-0.4%

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

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

$171,595

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA WHITCOMB	PRESIDENT & CEO	40.00	Officer	$160,648	$10,947	$171,595
KATE CONROY	STRATEGIC PARTNERSHIPS	40.00	Highest	$122,631	$7,980	$130,611
KRISTINE FREDERICK	DIRECTOR OF FINANCE	40.00	Highest	$104,167	$2,083	$106,250
SCOTT KRAUSE	CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT KISABETH	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
CATHY BOVARD	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
KENT LETNES	TREASURER	1.00	Officer Director	$0	$0	$0
TONY BOEN	SECRETARY	1.00	Officer Director	$0	$0	$0
COLIN ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BENOWITZ	DIRECTOR	1.00	Director	$0	$0	$0
KAREN BLACIK	DIRECTOR	1.00	Director	$0	$0	$0
PAUL BUGBEE	DIRECTOR	1.00	Director	$0	$0	$0
SANDY CHRISTENSEN	DIRECTOR	1.00	Director	$0	$0	$0
MINDY FREDRIKSON	DIRECTOR	1.00	Director	$0	$0	$0
BILL GODBE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GROEN	DIRECTOR	1.00	Director	$0	$0	$0
ROBB HALL	DIRECTOR	1.00	Director	$0	$0	$0
JOE HENRY	DIRECTOR	1.00	Director	$0	$0	$0
RAY HERRINGTON	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS HOLLAND-MEHLHAFF	DIRECTOR	1.00	Director	$0	$0	$0
KAREN LAMB	DIRECTOR	1.00	Director	$0	$0	$0
PRESTON LOUGHEED	DIRECTOR	1.00	Director	$0	$0	$0
WELSEY OTTO	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK PATON	DIRECTOR	1.00	Director	$0	$0	$0
TROY REDING	DIRECTOR	1.00	Director	$0	$0	$0
BRANDEN ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
RON RYKKEN	DIRECTOR	1.00	Director	$0	$0	$0
PAULA SODERBERG	DIRECTOR	1.00	Director	$0	$0	$0
ROBBIE SOSKIN	DIRECTOR	1.00	Director	$0	$0	$0
FRANK SOUKUP	DIRECTOR	1.00	Director	$0	$0	$0
CLAIR STODDARD	DIRECTOR	1.00	Director	$0	$0	$0
DEB THEISEN	DIRECTOR	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	$1,265,251	$1,379,202	$734,263	$-113,951
2023	$856,399	$1,054,968	$816,895	$-198,569
2022	$801,334	$880,006	$880,998	$-78,672
2021	$728,340	$667,384	$1,058,721	$60,956
2021	$737,734	$870,516	$1,110,036	$-132,782
2020	$415,114	$507,931	$1,031,085	$-92,817
2019	$511,707	$543,422	$866,333	$-31,715

HOSPITALITY MINNESOTA