Minnesota Broadcasters Association

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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

1949

Legal Domicile

Principal Officer

Todd Wentworth

Phone

6129268123

Tax Period

2023-01-01 to 2023-12-31

Minnesota Broadcasters Association, founded in 1949, is a community nonprofit in the Mutual Benefit sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $342K, a strong 29% operating margin.

Mission

To be the leading Minnesota advocate for the broadcast industry, to influence public policy and create a favorable legislative and regulatory environment for its members, assist its members in continuing industry education, legal support services, and serve the public with best practices.

Program Service Accomplishments

Program 1

NCSA/PEP information announcement programs - this long-standing effort allows broadcasters to air statewide coverage of important informational announcements related to activities, events and...

NCSA/PEP information announcement programs - this long-standing effort allows broadcasters to air statewide coverage of important informational announcements related to activities, events and programs which benefit the public and encourage broadcasters to promote local community responsibility.

Program 2

The Association coordinates and hosts an annual convention that presents information concerning developments in the broadcast industry and other topics of interest to broadcasters and legislators.

Program 3

ABIP Inspections - The ABIP program provides for qualified engineers to perform inspections to determine that stations are in compliance with FCC regulations. This effectively increases conformity to...

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,152,091

Investment Income $6,946

Other Revenue $0

TOTAL REVENUE $1,159,037

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $321,141

Fundraising Expenses $0

Other Expenses $494,873

TOTAL EXPENSES $817,514

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,159,037	$672,579	+0.7%
Expenses	$817,514	$625,748	+0.3%
Net Income	$341,523	$46,831	+6.3%

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

$206,886

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RJ Linder	Director	1.00	Director	$0	$0	$0
Chris Fee	Director	1.00	Director	$0	$0	$0
Joe Johnston	Director	1.00	Director	$0	$0	$0
Mark Ricci	Director	1.00	Director	$0	$0	$0
Bob Leighton	Director	1.00	Director	$0	$0	$0
Todd Wentworth	Director	4.00	Director	$0	$0	$0
Jeff Hilborn	Director	1.00	Director	$0	$0	$0
Jim Birkemeyer	Chair	1.00	Officer Director	$0	$0	$0
Jeremiah Jacobsen	Director	1.00	Director	$0	$0	$0
Greg Alexander	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Kristi Westrem	Director	1.00	Director	$0	$0	$0
Marian Davey	Director	1.00	Director	$0	$0	$0
Shelly Wilkes	Vice Chair	1.00	Officer Director	$0	$0	$0
Stephanie Hedrick	Director	1.00	Director	$0	$0	$0
Wendy Paulson	President	40.00	Officer	$171,203	$35,683	$206,886

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	No data	No data	No data	No data
2023	$1,159,037	$817,514	$1,033,337	$341,523
2022	$672,579	$625,748	$666,398	$46,831
2021	$881,700	$578,554	$650,815	$303,146
2020	$725,882	$536,395	$340,982	$189,487
2019	$524,445	$479,728	$151,495	$44,717