GREATER MINNEAPOLIS BUILDING OWNERS AND MANAGERS ASSOCIATION

EIN: 410668016

MINNEAPOLIS, MN

Total Revenue
$1,039,762
Total Expenses
$867,379
Total Assets
$1,175,634
Net Assets
$896,774
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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
MN
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

BUSINESS ASSOCIATION FOR REAL ESTATE MANAGERS

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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%)

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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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Governance

Voting Members
15
Independent Members
15
Employees
5
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
5
$205,700
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
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
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