MINNESOTA DIVERSIFIED INDUSTRIES INC

EIN: 410941924 501(c)(3) Employment

MINNEAPOLIS, MN

Total Revenue
$9,262,535
Total Expenses
$9,859,557
Total Assets
$30,640,828
Net Assets
$15,796,685
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
MN
Principal Officer
ERIC BLACK
Phone
6519998200
Tax Period
2024-01-01 to 2024-12-31

MINNESOTA DIVERSIFIED INDUSTRIES INC, founded in 1964, is a community nonprofit in the Employment sector that reported $9.3M in total revenue in fiscal year 2024.

Mission

MDI'S VISION IS MEANINGFUL EMPLOYMENT OPPORTUNITIES FOR ALL PEOPLE WITH DISABILITIES AND IS SUPPORTED THROUGH OUR MISSION TO SERVE PEOPLE WITH DISABILITIES BY OFFERING INCLUSIVE EMPLOYMENT OPPORTUNITIES AND SERVICES. REFER TO SCHEDULE O FOR ADDITIONAL DETAIL.

Program Service Accomplishments

Program 1
Expenses: $3,495,439 Revenue: $7,105,936

MDI IS A SOCIAL ENTERPRISE BUSINESS MODEL EMPLOYING BOTH PEOPLE WITH AND WITHOUT DISABILITIES. INDIVIDUALS WITH DISABILITIES DEVELOP SKILLS THROUGH TRAINING AND SUPPORT WHICH ALLOWS THEM TO GAIN...

Read more

MDI IS A SOCIAL ENTERPRISE BUSINESS MODEL EMPLOYING BOTH PEOPLE WITH AND WITHOUT DISABILITIES. INDIVIDUALS WITH DISABILITIES DEVELOP SKILLS THROUGH TRAINING AND SUPPORT WHICH ALLOWS THEM TO GAIN EXPERIENCE AND EARN MORE THAN MINIMUM WAGE AND BENEFITS. EMPLOYEE DEVELOPMENT IS INHERENT IN OUR WORK WITH EMPLOYEES WITH DISABILITIES, GETTING OPPORTUNITIES TO GAIN SKILLS THAT ALLOW THEM TO APPLY FOR AND GET PROMOTIONS. MDI ALSO OFFERS WORK AND TRAINING PROGRAMS FOR SCHOOLS, COUNTY AND REHABILITATION AGENCIES. MDI'S VISION IS MEANINGFUL EMPLOYMENT FOR ALL PEOPLE WITH DISABILITIES. IN 2024, UNIFIED WORK PROVIDED SOFT SKILLS TRAINING AND EXPERIENCES TO PEOPLE WITH DISABILITIES THROUGH 26 CLASSES WITH 500 PARTICIPANTS. CLASSES ARE EITHER IN PERSON OR VIA ZOOM AND ARE EFFECTIVE NOT ONLY FOR PEOPLE WITH DISABILITIES BUT ALSO PEOPLE WITH OTHER BARRIERS TO EMPLOYMENT. NEW SERVICE OPTIONS INCLUDE: 1. LAUNCHING OF THE UNIFIED WORK ONLINE LEARNING PLATFORM SO PEOPLE WITH DISABILITIES CAN HAVE ACCESS TO SIMILIAR EXPERIENCES AT ANY TIME, ALMOST ANYWHERE. 2. OFFERING VIRTUAL REALITY WORK EXPERIENCES THAT PROVIDE THREE TO FIVE MINUTE OPPORTUNITIES FOR PEOPLE WITH DISABILITIES TO GET EXPERIENCES IN A VARIETY OF INDUSTRIES AND ACTUALLY SEE WHAT IT MIGHT BE LIKE TO WORK IN A JOB THAT THEY HAVE NOT EXPERIENCED. 3. DEVELOPMENT AND IMPLEMENTATION OF THREE STEM BOXES HAVE BEEN CREATED, STEM CIRCUITS, STEM INVENT AND STEM ROBOT TO GIVE PEOPLE WITH DISABILITIES EXPERIENCES WORKING IN THE INDUSTRY OF ELECTRICITY. THESE AND FUTURE STEM BOXES CAN GIVE PEOPLE WITH DISABILITES ACCESS TO CAREERS THAT THEY HAVE NEVER THOUGHT OF PURSUING.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $665,148
Program Service Revenue $7,105,936
Investment Income $664,644
Other Revenue $826,807
TOTAL REVENUE $9,262,535

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,459,212
Fundraising Expenses $370,709
Program Expenses $3,495,439
Other Expenses $4,353,145
TOTAL EXPENSES $9,859,557

Year-over-Year Comparison

2024 2023 Change
Revenue $9,262,535 $9,130,826 +0.0%
Expenses $9,859,557 $8,753,866 +0.1%
Net Income $-597,022 $376,960 -2.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
10
Independent Members
10
Employees
74
Volunteers
40

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
6
$898,552
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE RAICH PAST CHAIR 2.00
Officer Director
$0 $0 $0
JONATHAN PALMER BOARD CHAIR 3.00
Officer Director
$0 $0 $0
STEVE GLIENKE TREASURER & FINANCE CHAIR 3.00
Officer Director
$0 $0 $0
MEGAN KELIN DIRECTOR 1.50
Director
$0 $0 $0
ANDRIEL DEES DIRECTOR 1.50
Director
$0 $0 $0
FRED KLIETZ DIRECTOR 2.00
Director
$0 $0 $0
ELAINE RASMUSSEN DIRECTOR 1.50
Director
$0 $0 $0
JILL HESSELROTH DIRECTOR 2.00
Director
$0 $0 $0
NICK WILKIE DIRECTOR 2.00
Director
$0 $0 $0
ALAN HUPP DIRECTOR 2.00
Director
$0 $0 $0
ERIC BLACK PRESIDENT & CEO 30.00
Officer
$352,038 $30,487 $382,525
RODNEY WOOD CHIEF OPERATING OFFICER 30.00
Officer
$231,825 $61,231 $293,056
MARVIN HANNON CHIEF FINANCIAL OFFICER 34.00
Officer
$186,759 $36,212 $222,971
JEANNE EGLINTON VICE PRESIDENT OF EMPLOYMENT SERVICES 35.00
Highest
$149,943 $39,683 $189,626
LAINE SATTER KEY ACCOUNT MANAGER-COMMERCIAL SERVICES 10.00
Highest
$149,610 $28,142 $177,752
TODD WITHERILL DIRECTOR OF OPERATIONS 20.00
Highest
$167,000 $30,712 $197,712
LAURA SCHWARTZ DIRECTOR OF HUMAN RESOURCES 25.00
Highest
$147,672 $42,665 $190,337
BRENT VELENCHENKO STRATEGIC PRODUCT LINE MANAGER-PLASTICS 20.00
Highest
$132,001 $11,342 $143,343
BARBARA MAJERUS FORMER VP SALES 20.00
$125,301 $27,313 $152,614
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 $9,262,535 $9,859,557 $30,640,828 $-597,022
2023 $9,130,826 $8,753,866 $28,817,194 $376,960
2022 $10,486,776 $7,681,902 $24,661,988 $2,804,874
2021 $9,002,984 $6,497,566 $23,803,978 $2,505,418
2020 $6,635,178 $6,305,605 $27,391,579 $329,573
2019 $5,287,230 $6,169,458 $21,102,500 $-882,228
2018 $6,594,967 $5,675,317 $18,503,311 $919,650
Explore More Nonprofits
Top 100 Nonprofits in Minnesota Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare MINNESOTA DIVERSIFIED INDUSTRIES INC with other nonprofits in Minnesota and across the country.