Better Business Bureau of Minnesota Inc (EIN 411245489) - 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

1912

Legal Domicile

Principal Officer

Kari Niedfeldt-Thomas

Phone

6516952477

Tax Period

2024-07-01 to 2025-06-30

Better Business Bureau of Minnesota Inc, founded in 1912, is a community nonprofit that reported $7.3M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 24% operating margin.

Mission

BBB's mission is to be the leader in advancing marketplace trust.

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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 $0

Program Service Revenue $4,957,593

Investment Income $2,374,065

Other Revenue $0

TOTAL REVENUE $7,331,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,871,092

Fundraising Expenses $0

Other Expenses $1,729,640

TOTAL EXPENSES $5,600,732

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,331,658	$4,865,502	+0.5%
Expenses	$5,600,732	$5,429,004	+0.0%
Net Income	$1,730,926	$-563,502	-4.1%

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

$1,213,382

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Aafedt	Past Chair	1.00	Officer Director	$0	$0	$0
John Owens	Chair	1.00	Officer Director	$0	$0	$0
Andy Kocemba	Secretary	1.00	Officer Director	$0	$0	$0
Jeff Baidoo	Board Member	1.00	Director	$0	$0	$0
Louis Berezovsky	Board Member	1.00	Director	$0	$0	$0
RC Colvin	Board Member	1.00	Director	$0	$0	$0
Rob Commers	Board Member	1.00	Director	$0	$0	$0
Julianna Copeland	Board Member	1.00	Director	$0	$0	$0
Michelle Kreidler Dove	Board Member	1.00	Director	$0	$0	$0
Osni Ferreira Filho	Board Member	1.00	Director	$0	$0	$0
Peter Gaetz	Board Member	1.00	Director	$0	$0	$0
Brent Hanson	Board Member	1.00	Director	$0	$0	$0
Janie Hanson	Board Member	1.00	Director	$0	$0	$0
Scott Hoss	Board Member	1.00	Director	$0	$0	$0
Tammylynne Jonas	Board Member	1.00	Director	$0	$0	$0
Aaron Jones	Board Member	1.00	Director	$0	$0	$0
Lucas Kanavati	Board Member	1.00	Director	$0	$0	$0
Bernie Laur	Board Member	1.00	Director	$0	$0	$0
Traci Leffner	Board Member	1.00	Director	$0	$0	$0
Monique Linder	Board Member	1.00	Director	$0	$0	$0
Dan Louismet	Board Member	1.00	Director	$0	$0	$0
Lori Moen	Board Member	1.00	Director	$0	$0	$0
Carlos Morales	Board Member	1.00	Director	$0	$0	$0
Dietrich Nissen	Board Member	1.00	Director	$0	$0	$0
Nadia Rizk	Board Member	1.00	Director	$0	$0	$0
Tamera K Robinson	Board Member	1.00	Director	$0	$0	$0
Carlos Ruiz	Board Member	1.00	Director	$0	$0	$0
Chris Serritslev	Board Member	1.00	Director	$0	$0	$0
Jeffrey Tate Sr	Board Member	1.00	Director	$0	$0	$0
Ted Terp	Board Member	1.00	Director	$0	$0	$0
Lana Slygh	Board Member	1.00	Director	$0	$0	$0
Kristen Stamman	Board Member	1.00	Director	$0	$0	$0
Susan Adams Loyd	President & CEO (End 6/30/2025)	36.00	Officer	$336,403	$51,142	$387,545
Julie Kiedrowski	VP of Operations	40.00	Officer	$158,183	$17,209	$175,392
Chad Pedersen	VP of AB Development	20.00	Officer	$181,366	$14,783	$196,149
Bao Vang	VP of Communications	40.00	Officer	$117,028	$22,830	$139,858
Janet Fahey	VP of HR, Talent, and Trai	40.00	Officer	$144,251	$11,066	$155,317
Ryan Sharp	VP of Finance and Accounti	35.00	Officer	$146,776	$12,345	$159,121
Kari Niedfeldt-Thomas	President & CEO (Begin 6/30/25)	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
2025	$7,331,658	$5,600,732	$7,310,082	$1,730,926
2024	$4,865,502	$5,429,004	$6,724,779	$-563,502
2023	$4,665,146	$4,948,070	$6,121,237	$-282,924
2022	$4,952,353	$5,098,193	$5,220,297	$-145,840
2021	$4,923,080	$4,879,222	$5,987,640	$43,858
2020	$5,021,286	$5,173,907	$5,196,143	$-152,621
2019	$5,001,848	$4,765,549	$5,131,208	$236,299

Better Business Bureau of Minnesota Inc