NATIONAL FEDERATION OF THE BLIND OF MINNESOTA INC (EIN 410721641) - 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

1920

Legal Domicile

Principal Officer

Corbb O'Connor

Phone

6128729363

Tax Period

2024-01-01 to 2024-12-31

NATIONAL FEDERATION OF THE BLIND OF MINNESOTA INC, founded in 1920, is a micro nonprofit that reported $47K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $82K exceeded revenue, resulting in a 75% operating deficit.

Mission

The NFB of Minnesota is an organization made up of blind and sighted people working to improve the lives of blind Minnesota residents by providing assistance and services to parents, blind workers, and consumers of rehabilitation services.

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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 $39,971

Program Service Revenue $0

Investment Income $6,589

Other Revenue $0

TOTAL REVENUE $46,560

Expense Breakdown

Grants Paid $14,881

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $79,020

Other Expenses $66,763

TOTAL EXPENSES $81,644

Year-over-Year Comparison

	2024	2023	Change
Revenue	$46,560	$52,168	-0.1%
Expenses	$81,644	$130,516	-0.4%
Net Income	$-35,084	$-78,348	-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

100

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Corbb O'Connor	President	10	Officer Director	$0	$0	$0
Steve Sawczyn	Vice President	2	Officer Director	$0	$0	$0
Jennifer Dunnam	Treasurer	10	Officer Director	$0	$0	$0
Steve Jacobson	Board Member	2	Director	$0	$0	$0
Dale Heltzer	Board Member	2	Director	$0	$0	$0
Kotuma Kamara	Board Member	2	Director	$0	$0	$0
Mike Colbrunn	Board Member	2	Director	$0	$0	$0
Jan Bailey	Board Member	2	Director	$0	$0	$0
Dave Andrews	Secretary	2	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	$46,560	$81,644	$545,894	$-35,084
2022	$41,895	$59,896	$489,569	$-18,001
2021	$38,586	$38,938	$604,544	$-352
2020	$45,489	$103,037	$556,017	$-57,548

NATIONAL FEDERATION OF THE BLIND OF MINNESOTA INC