MINNESOTA RETAILERS ASSOCIATION (EIN 410722200) - 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

1952

Legal Domicile

Principal Officer

BRUCE NUSTAD

Phone

6512276631

Tax Period

2024-01-01 to 2024-12-31

MINNESOTA RETAILERS ASSOCIATION, founded in 1952, is a small nonprofit that reported $479K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $445K left a modest 7% surplus.

Mission

TO ENSURE COLLECTIVE SUCCESS ACROSS MINNESOTA BY CONTINUALLY ADVANCING RETAIL, ENCOMPASSING RETAILERS, PARTNERS, EMPLOYEES, CONSUMERS, AND POLICYMAKERS.

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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 $143,070

Program Service Revenue $332,592

Investment Income $12,132

Other Revenue $-8,474

TOTAL REVENUE $479,320

Expense Breakdown

Grants Paid $0

Salaries & Benefits $303,547

Fundraising Expenses $0

Other Expenses $141,365

TOTAL EXPENSES $444,912

Year-over-Year Comparison

	2024	2023	Change
Revenue	$479,320	$426,964	+0.1%
Expenses	$444,912	$371,185	+0.2%
Net Income	$34,408	$55,779	-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

$176,065

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARISA WILSON	CHAIR	1.00	Officer Director	$0	$0	$0
DAVID RING	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
DAN MARKOWITZ	TREASURER	1.00	Officer Director	$0	$0	$0
DAN LOPEZ	MEMBER	1.00	Director	$0	$0	$0
DAN WOLTER	MEMBER	1.00	Director	$0	$0	$0
DARON VAN HELDEN	MEMBER	1.00	Director	$0	$0	$0
DENEVEN O'CONNELL	MEMBER	1.00	Director	$0	$0	$0
ERIC DOUGLAS	MEMBER	1.00	Director	$0	$0	$0
JOE O'CONNOR	MEMBER	1.00	Director	$0	$0	$0
LARRY JOHNSON	MEMBER	1.00	Director	$0	$0	$0
LISA NELSON	MEMBER	1.00	Director	$0	$0	$0
LISETTE TORRES	MEMBER	1.00	Director	$0	$0	$0
LOGAN MCKEE	MEMBER	1.00	Director	$0	$0	$0
LONNIE MCQUIRTER	MEMBER	1.00	Director	$0	$0	$0
MAGGIE HENDERSON	MEMBER	1.00	Director	$0	$0	$0
OPIO DUPREE	MEMBER	1.00	Director	$0	$0	$0
SCOTT FARRELL	MEMBER	1.00	Director	$0	$0	$0
SENELL JASTER	MEMBER	1.00	Director	$0	$0	$0
BRUCE NUSTAD	PRESIDENT	40.00	Officer	$170,783	$5,282	$176,065
TOM MAZANEC	INVESTMENT CHAIR	1.00	Officer	$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	$479,320	$444,912	$876,675	$34,408
2023	$426,964	$371,185	$776,803	$55,779
2022	$435,158	$368,458	$690,168	$66,700
2021	$358,032	$296,611	$659,840	$61,421
2020	$329,198	$283,353	$558,999	$45,845
2019	$345,261	$284,686	$496,333	$60,575
2018	$314,746	$249,166	$472,377	$65,580

MINNESOTA RETAILERS ASSOCIATION