MINNESOTA CABLE COMMUNICATIONS ASS… - Form 990 Financial Data

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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

1973

Legal Domicile

Principal Officer

MELISSA WOLF

Phone

6514930716

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA CABLE COMMUNICATIONS ASSOCIATION INC, founded in 1973, is a small nonprofit that reported $688K in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION WORKS TO PROMOTE FAVORABLE PUBLIC POLICY WITH REGARD TO THE OPERATION OF CABLE COMPANIES; TO FOSTER FAVORABLE REGULATORY AND LEGISLATIVE POLICIES AT THE MUNICIPAL, STATE, AND FEDERAL LEVELS; AND TO FACILITATE PROFESSIONALISM AND COMPETENCE AMONG INDIVIDUALS AND COMPANIES WITHIN THE INDUSTRY.

Program Service Accomplishments

Program 1

THE ORGANIZATION IS CHARGED WITH REPRESENTING THE CABLE INDUSTRY IN LEGISLATIVE ACTIVITIES, HEARINGS AND PROCEEDINGS BEFORE STATE AND LOCAL GOVERNMENTAL BODIES, PUBLIC POLICY FORUMS AND INFORMATION PROCEEDINGS SUCH AS THE MINNESOTA GOVERNOR'S TASK FORCE ON BORDER TO BORDER BROADBAND, THE OFFICE OF BROADBAND DEVELOPMENT, AND THE MINNESOTA PUBLIC UTILITIES COMMISSION.

Program 2

MINNESOTA ANNUAL MEETING THE ORGANIZATION SPONSORED AN ANNUAL MEETING AND PRESENTED A NUMBER OF SPEAKERS AND DISCUSSION ON VARIOUS INDUSTRY CONCERNS, HELD THE ANNUAL ELECTION OF BOARD MEMBERS AND...

MINNESOTA ANNUAL MEETING THE ORGANIZATION SPONSORED AN ANNUAL MEETING AND PRESENTED A NUMBER OF SPEAKERS AND DISCUSSION ON VARIOUS INDUSTRY CONCERNS, HELD THE ANNUAL ELECTION OF BOARD MEMBERS AND OFFICERS AND PROVIDED FINANCIAL AND POLICY UPDATES. THIS EVENT WAS HELD IN-PERSON AGAIN AT MADDEN'S IN 2023.

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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 $12,202

Program Service Revenue $676,102

Investment Income $0

Other Revenue $0

TOTAL REVENUE $688,304

Expense Breakdown

Grants Paid $0

Salaries & Benefits $161,989

Fundraising Expenses $0

Other Expenses $564,851

TOTAL EXPENSES $726,840

Year-over-Year Comparison

	2023	2022	Change
Revenue	$688,304	$721,012	0.0%
Expenses	$726,840	$812,919	-0.1%
Net Income	$-38,536	$-91,907	-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

Volunteers

N/A

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

$23,793

Total Directors

$114,952

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL JENSEN	PRESIDENT	4.00	Officer Director	$1,250	$0	$1,250
RON ORLANDO	VICE PRESIDENT	4.00	Officer Director	$500	$0	$500
PATRICK HAGGERTY	SECRETARY (PART YEAR)	4.00	Officer Director	$0	$0	$0
DAVID ARVIG	DIRECTOR	2.00	Director	$1,000	$0	$1,000
JUSTIN FORDE	TREASURER	2.00	Officer Director	$1,250	$0	$1,250
JOHN GIBBS	DIRECTOR (PART YEAR)	2.00	Director	$1,250	$0	$1,250
ALLYSON HARTLE	DIRECTOR (PART YEAR)	2.00	Director	$500	$0	$500
SCOTT SAVAGE	DIRECTOR	2.00	Director	$1,000	$0	$1,000
RICHARD SJOBERG	DIRECTOR	2.00	Director	$1,250	$0	$1,250
THERESA SUNDE	DIRECTOR	2.00	Director	$1,000	$0	$1,000
KARLY BARAGA WERNER	DIRECTOR	2.00	Director	$1,000	$0	$1,000
ANNA BOROFF	EXECUTIVE DIRECTOR/DIRECTOR	40.00	Director	$99,025	$5,927	$104,952
GARY UNDERWOOD	DIRECTOR (PART YEAR)	2.00	Director	$0	$0	$0
CELEST FLYNN	SECRETARY	4.00	Officer Director	$0	$0	$0
ANDREW CURLEY	DIRECTOR	2.00	Director	$0	$0	$0
DAVID LARSON	DIRECTOR	2.00	Director	$0	$0	$0
HEATHER O'NEILL	DIRECTOR	2.00	Director	$0	$0	$0
MELISSA WOLF	DIRECTOR/EXECUTIVE DIRECTOR	40.00	Officer	$20,096	$697	$20,793

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	$688,304	$726,840	$520,667	$-38,536
2022	$721,012	$812,919	$499,371	$-91,907
2021	$784,771	$768,627	$507,044	$16,144
2020	$753,814	$736,901	$524,389	$16,913
2019	$859,301	$761,114	$491,060	$98,187
2018	$811,006	$754,474	$365,265	$56,532

MINNESOTA CABLE COMMUNICATIONS ASSOCIATION INC