MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ECONOMIC DEVELOPMENT ASSOCIATION OF MINNESOTA, founded in 1973, is a small nonprofit that reported $322K in total revenue in fiscal year 2024. Expenses of $303K left a modest 6% surplus.
TO CHAMPION ECONOMIC DEVELOPMENT IN MINNESOTA THROUGH EDUCATION, COLLABORATION, AND ADVOCACY. EDAM IS A PROFESSIONAL ASSOCIATION OF INDIVIDUALS AND ORGANIZATIONS THROUGHOUT THE STATE OF MINNESOTA WHO SHARE THIS MISSION. WE PURSUE OUR MISSION BY PROVIDING ECONOMIC DEVELOPMENT PROFESSIONALS A FORUM FOR EXCHANGING INFORMATION AND STAYING ABREAST OF CURRENT ECONOMIC DEVELOPMENT STRATEGIES AND PRACTICES AND BY PROVIDING ECONOMIC DEVELOPERS WITH VALUABLE NETWORKING AND EDUCATIONAL OPPORTUNITIES. EDAM MEMBERS ARE LEADING ECONOMIC DEVELOPERS IN THE STATE OF MINNESOTA. EDAM CONSULTS WITH THE STATE ON PUBLIC POLICY ISSUES RELATED TO ECONOMIC DEVELOPMENT AND HELPS CONTINUALLY DEFINE AND IMPROVE THE PROFESSION.
EDAM HOSTS SEMINARS THAT PROVIDE NETWORKING AND EDUCATION TO ITS MEMBERS AS WELL AS A WINTER AND A SUMMER CONFERENCE WITH BREAKOUT EDUCATIONAL SESSIONS THAT PROVIDE ADDITIONAL OPPORTUNITIES FOR...
EDAM HOSTS SEMINARS THAT PROVIDE NETWORKING AND EDUCATION TO ITS MEMBERS AS WELL AS A WINTER AND A SUMMER CONFERENCE WITH BREAKOUT EDUCATIONAL SESSIONS THAT PROVIDE ADDITIONAL OPPORTUNITIES FOR NETWORKING AND PROFESSIONAL ADVANCEMENT FOR ITS MEMBERS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $322,001 | $305,985 | +0.1% |
| Expenses | $303,294 | $293,594 | +0.0% |
| Net Income | $18,707 | $12,391 | +0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CHRISTY LEWIS | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ERIC MAASS | FIRST VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KEITH DAHL | SECOND VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KATI BACHMAYER | PAST PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TIM KORBY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MEREDITH UDOIBOK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LUCAS EVENSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RICK HOWDEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DANIELA LORENZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DEANNA KUENNEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JENN BREWINGTON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RON BARZE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SAM MARKMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| EMILY NYGREN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $322,001 | $303,294 | $335,833 | $18,707 |
| 2023 | $305,985 | $293,594 | $289,792 | $12,391 |
| 2022 | $278,119 | $244,320 | $281,010 | $33,799 |
| 2021 | $266,744 | $202,963 | $218,307 | $63,781 |
| 2020 | $220,326 | $238,589 | $190,038 | $-18,263 |
| 2019 | $265,535 | $224,987 | $211,751 | $40,548 |
| 2018 | $250,693 | $241,233 | $170,801 | $9,460 |
Compare ECONOMIC DEVELOPMENT ASSOCIATION OF MINNESOTA with other nonprofits in Minnesota and across the country.