MINNEAPOLIS DOWNTOWN COUNCIL

EIN: 410761732

MINNEAPOLIS, MN

Total Revenue
$3,902,253
Total Expenses
$4,257,980
Total Assets
$1,638,969
Net Assets
$608,951
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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
1956
Legal Domicile
MN
Principal Officer
ADAM DUININCK
Phone
6123383807
Tax Period
2024-01-01 to 2024-12-31

MINNEAPOLIS DOWNTOWN COUNCIL, founded in 1956, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year.

Mission

TO PROMOTE THE GROWTH AND DEVELOPMENT OF THE DOWNTOWN AREA AND ITS BUSINESSES.

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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 $1,066,059
Program Service Revenue $2,744,726
Investment Income $596
Other Revenue $90,872
TOTAL REVENUE $3,902,253

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,531,119
Fundraising Expenses $0
Other Expenses $2,726,861
TOTAL EXPENSES $4,257,980

Year-over-Year Comparison

2024 2023 Change
Revenue $3,902,253 $4,639,986 -0.2%
Expenses $4,257,980 $4,507,777 -0.1%
Net Income $-355,727 $132,209 -3.7%
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

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Governance

Voting Members
77
Independent Members
76
Employees
89
Volunteers
120

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
$550,789
Total Directors
94
$371,088
Key Employees
1
$234,042
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM DUININCK PRESIDENT & CEO 20.00
Officer Director
$349,618 $21,470 $371,088
KARIN LUCAS CHAIR; EX OFFICIO 0.70
Officer Director
$0 $0 $0
JOHN MARSHALL VICE CHAIR; EX OFFICIO 0.70
Officer Director
$0 $0 $0
MIKE RYAN IMMEDIATE PAST CHAIR; EX O 0.70
Officer Director
$0 $0 $0
SARAH ANDERSON EX OFFICIO 0.70
Director
$0 $0 $0
MICHAEL CLARK EX OFFICIO 0.70
Director
$0 $0 $0
TODD DUESING EX OFFICIO 0.70
Director
$0 $0 $0
BRENT FOERSTER EX OFFICIO 0.70
Director
$0 $0 $0
BEN HAWN EX OFFICIO 0.70
Director
$0 $0 $0
DAN GRIFFITH EX OFFICIO 0.70
Director
$0 $0 $0
MIKE LOGAN EX OFFICIO 0.70
Director
$0 $0 $0
CHRISTY LOY EX OFFICIO 0.70
Director
$0 $0 $0
CHRISTINE ACKERMAN DIRECTOR 0.70
Director
$0 $0 $0
JOEL AKASON DIRECTOR 0.70
Director
$0 $0 $0
TROY BLIZZARD DIRECTOR 0.70
Director
$0 $0 $0
BILL BOEHM DIRECTOR 0.70
Director
$0 $0 $0
DAN BOIVIN DIRECTOR 0.70
Director
$0 $0 $0
KATIE BONGARD DIRECTOR 0.70
Director
$0 $0 $0
JEFF CALLINAN DIRECTOR 0.70
Director
$0 $0 $0
JULIA CARLSON DIRECTOR 0.70
Director
$0 $0 $0
SHELLEY CARTHEN WATSON DIRECTOR 0.70
Director
$0 $0 $0
JOSEPH CECERE DIRECTOR 0.70
Director
$0 $0 $0
LAURA CEDERBERG DIRECTOR 0.70
Director
$0 $0 $0
JENNIFER CHRISTIAANSEN DIRECTOR 0.70
Director
$0 $0 $0
KERRY COOLEY BRUGGEMANN DIRECTOR 0.70
Director
$0 $0 $0
ANNA COSKRAN DIRECTOR 0.70
Director
$0 $0 $0
JEFFREY COTTER DIRECTOR 0.70
Director
$0 $0 $0
JAY COWLES DIRECTOR 0.70
Director
$0 $0 $0
TOBY DAYTON DIRECTOR 0.70
Director
$0 $0 $0
JENNIFER DECUBELLIS DIRECTOR 0.70
Director
$0 $0 $0
PETER DIESSNER DIRECTOR 0.70
Director
$0 $0 $0
LOUIS DILORENZO JR DIRECTOR 0.70
Director
$0 $0 $0
KRISTA DUSIL DIRECTOR 0.70
Director
$0 $0 $0
PAUL EDLUND DIRECTOR 0.70
Director
$0 $0 $0
JHAELYNN ELAM DIRECTOR 0.70
Director
$0 $0 $0
SONNIE ELLIOTT DIRECTOR 0.70
Director
$0 $0 $0
DAVID FHIMA DIRECTOR 0.70
Director
$0 $0 $0
ERIN FITZGERALD DIRECTOR 0.70
Director
$0 $0 $0
BOB GARDNER DIRECTOR 0.70
Director
$0 $0 $0
MICHAEL GOAR DIRECTOR 0.70
Director
$0 $0 $0
JACOB GRAFF DIRECTOR 0.70
Director
$0 $0 $0
PATRICIA GRAZZINI DIRECTOR 0.70
Director
$0 $0 $0
ANDREW GREY DIRECTOR 0.70
Director
$0 $0 $0
STEVE GROVE DIRECTOR 0.70
Director
$0 $0 $0
MARI GUTTMAN DIRECTOR 0.70
Director
$0 $0 $0
TIMOTHY HAGER DIRECTOR 0.70
Director
$0 $0 $0
ANDREW HANSEN DIRECTOR 0.70
Director
$0 $0 $0
BRENT HANSON DIRECTOR 0.70
Director
$0 $0 $0
HEATHER HARNISCH DIRECTOR 0.70
Director
$0 $0 $0
MEIKE HENGELFELT DIRECTOR 0.70
Director
$0 $0 $0
STEVE HERRON DIRECTOR 0.70
Director
$0 $0 $0
PJ HILL DIRECTOR 0.70
Director
$0 $0 $0
SARGENT JOHNSON DIRECTOR 0.70
Director
$0 $0 $0
TRENT JOHNSON DIRECTOR 0.70
Director
$0 $0 $0
TOM JOLLIE DIRECTOR 0.70
Director
$0 $0 $0
JOY KING DIRECTOR 0.70
Director
$0 $0 $0
LOUIS KING DIRECTOR 0.70
Director
$0 $0 $0
DEB KOLAR DIRECTOR 0.70
Director
$0 $0 $0
BELLA LAM DIRECTOR 0.70
Director
$0 $0 $0
JAY LINDGREN DIRECTOR 0.70
Director
$0 $0 $0
JONATHAN MARKS DIRECTOR 0.70
Director
$0 $0 $0
REBECCA MARTIN DIRECTOR 0.70
Director
$0 $0 $0
GEORGE MCCRARY DIRECTOR 0.70
Director
$0 $0 $0
JENNIFER MENK DIRECTOR 0.70
Director
$0 $0 $0
ERIC MERRIMAN DIRECTOR 0.70
Director
$0 $0 $0
ANDREW MILLER DIRECTOR 0.70
Director
$0 $0 $0
ADAIR MOSLEY DIRECTOR 0.70
Director
$0 $0 $0
NICK MURNANE DIRECTOR 0.70
Director
$0 $0 $0
JOEL NICHOLS DIRECTOR 0.70
Director
$0 $0 $0
BRIAN PIETSCH DIRECTOR 0.70
Director
$0 $0 $0
SHAWN QUANT DIRECTOR 0.70
Director
$0 $0 $0
KEVIN QUIRING DIRECTOR 0.70
Director
$0 $0 $0
RONNIE RAGOFF DIRECTOR 0.70
Director
$0 $0 $0
JOHN RENT DIRECTOR 0.70
Director
$0 $0 $0
KATHY RUMPZA DIRECTOR 0.70
Director
$0 $0 $0
STEVEN RYAN DIRECTOR 0.70
Director
$0 $0 $0
CARRIE SCATENA DIRECTOR 0.70
Director
$0 $0 $0
TOM SCHNETTLER DIRECTOR 0.70
Director
$0 $0 $0
DAVID SERRANO DIRECTOR 0.70
Director
$0 $0 $0
ERIN SEXTON DIRECTOR 0.70
Director
$0 $0 $0
ARI SILKEY DIRECTOR 0.70
Director
$0 $0 $0
BUFFY SMITH DIRECTOR 0.70
Director
$0 $0 $0
JOSH STOWERS DIRECTOR 0.70
Director
$0 $0 $0
SARAH STREHL DIRECTOR 0.70
Director
$0 $0 $0
RYAN TANKE DIRECTOR 0.70
Director
$0 $0 $0
LICA TOMIZUKA DIRECTOR 0.70
Director
$0 $0 $0
ROSEMARY UGBOAJAH DIRECTOR 0.70
Director
$0 $0 $0
CHAD VASKE DIRECTOR 0.70
Director
$0 $0 $0
JAMES VOS DIRECTOR 0.70
Director
$0 $0 $0
ABDI WARSAME DIRECTOR 0.70
Director
$0 $0 $0
JONATHAN WEINHAGEN DIRECTOR 0.70
Director
$0 $0 $0
JONATHAN WENDROFF DIRECTOR 0.70
Director
$0 $0 $0
MEKA WHITE MORRIS DIRECTOR 0.70
Director
$0 $0 $0
TOM WHITLOCK DIRECTOR 0.70
Director
$0 $0 $0
BENJAMIN SHARDLOW CHIEF OF STAFF 20.00
Officer
$158,764 $20,937 $179,701
KATHRYN REALI CHIEF OPERATING OFFICER 12.00
Key Emp
$207,939 $26,103 $234,042
SHANE ZAHN SR. DIRECTOR OF COMMUNITY SAFETY 4.00
Highest
$151,233 $24,564 $175,797
SHARAE SLEDGE DIRECTOR OF FINANCE 20.00
Highest
$148,752 $7,913 $156,665
JESSE OSENDORF SR DIRECTOR OF PUBLIC SPACE OPERATIONS 8.00
Highest
$148,166 $6,345 $154,511
MEGHAN GINGERICH SR. DIRECTOR OF COMMUNITY IMPACT 20.00
Highest
$121,962 $12,856 $134,818
LISA MIDDAG SR. DIRECTOR OF ECONOMIC DEVELOPMENT 20.00
Highest
$134,001 $22,061 $156,062
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 $3,902,253 $4,257,980 $1,638,969 $-355,727
2023 $4,639,986 $4,507,777 $2,076,621 $132,209
2022 $4,288,686 $4,533,918 $2,429,398 $-245,232
2021 $3,221,832 $2,714,417 $2,804,302 $507,415
2020 $2,078,814 $2,064,926 $1,651,032 $13,888
2019 $4,004,363 $3,920,133 $1,444,738 $84,230
2018 $3,926,955 $3,959,535 $1,337,688 $-32,580
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