GREATER MINNEAPOLIS BUILDING OWNER… - Form 990 Financial Data

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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

1948

Legal Domicile

Principal Officer

SARAH ANDERSON

Phone

6123388627

Tax Period

2024-01-01 to 2024-12-31

GREATER MINNEAPOLIS BUILDING OWNERS AND MANAGERS ASSOCIATION, founded in 1948, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. The organization ran a surplus of $172K, a strong 17% operating margin.

Mission

ADVOCACY, EDUCATION AND NETWORKING FOR COMMERCIAL REAL ESTATE PROFESSIONALS.

Program Service Accomplishments

Program 1

THE ASSOCIATION PROVIDES EDUCATIONAL PROGRAMS AND SERVICES RELATIVE TO THE OWNERSHIP AND OPERATIONS OF BUILDINGS TO ITS MEMBERS. THE ASSOCIATION HELD APPROXIMATELY 32 EDUCATIONAL MEETINGS/SESSIONS...

THE ASSOCIATION PROVIDES EDUCATIONAL PROGRAMS AND SERVICES RELATIVE TO THE OWNERSHIP AND OPERATIONS OF BUILDINGS TO ITS MEMBERS. THE ASSOCIATION HELD APPROXIMATELY 32 EDUCATIONAL MEETINGS/SESSIONS PROVIDING A TOTAL OF 161 CEU'S TO OUR MEMBERS. WE HELD 10 NETWORKING EVENTS FOR OUR MEMBERS, INCLUDING A GALA AWARDS EVENT. WE PUBLISHED 6 NEWSLETTERS. DURING 2024, THE ORGANIZATION HAD 458 INDIVIDUAL MEMBERS, 200 BUILDING MEMBERS, AND 161 ENGINEERS ASSOCIATION MEMBERS.

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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 $853,043

Investment Income $92,513

Other Revenue $94,206

TOTAL REVENUE $1,039,762

Expense Breakdown

Grants Paid $15,500

Salaries & Benefits $345,438

Fundraising Expenses $0

Other Expenses $506,441

TOTAL EXPENSES $867,379

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,039,762	$977,854	+0.1%
Expenses	$867,379	$993,240	-0.1%
Net Income	$172,383	$-15,386	-12.2%

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

$205,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MONIQUE SLAUGHTER	DIRECTOR	1.00	Director	$0	$0	$0
ADAM WARDEN	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE PAQUETTE	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND VAUGHN	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN ROLFES	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH KOLAR	PAST CHAIR	1.00	Officer Director	$0	$0	$0
ALEXX SMITH	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
LEE DAVIS	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JOHN BOICH	DIRECTOR	1.00	Director	$0	$0	$0
SETH REDFIELD	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
NATHAN REED	DIRECTOR	1.00	Director	$0	$0	$0
BEN YARBROUGH	DIRECTOR	1.00	Director	$0	$0	$0
TAMI SHROYER	DIRECTOR	1.00	Director	$0	$0	$0
DARRELL BERRY	DIRECTOR	1.00	Director	$0	$0	$0
RYAN MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
SARAH ANDERSON	PRESIDENT/CEO	40.00	Officer	$179,666	$26,034	$205,700

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	$1,039,762	$867,379	$1,175,634	$172,383
2023	$977,854	$993,240	$1,059,012	$-15,386
2022	$960,487	$939,337	$892,167	$21,150
2021	$899,811	$923,521	$1,087,906	$-23,710
2020	$858,755	$822,720	$1,159,047	$36,035
2019	$914,972	$897,461	$1,098,817	$17,511
2018	$895,150	$943,501	$1,157,709	$-48,351

GREATER MINNEAPOLIS BUILDING OWNERS AND MANAGERS ASSOCIATION