MINNESOTA BUSINESS PARTNERSHIP

EIN: 411317465

MINNEAPOLIS, MN

Total Revenue
$3,502,641
Total Expenses
$3,489,821
Total Assets
$5,667,687
Net Assets
$3,599,664
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
MN
Principal Officer
KURT ZELLERS
Phone
6123700840
Tax Period
2023-01-01 to 2023-12-31

MINNESOTA BUSINESS PARTNERSHIP, founded in 1977, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring.

Mission

TO MAINTAIN A HIGH QUALITY OF LIFE FOR ALL MINNESOTANS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,453,593
Investment Income $46,551
Other Revenue $2,497
TOTAL REVENUE $3,502,641

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,804,495
Fundraising Expenses $0
Other Expenses $1,685,326
TOTAL EXPENSES $3,489,821

Year-over-Year Comparison

2023 2022 Change
Revenue $3,502,641 $5,236,296 -0.3%
Expenses $3,489,821 $5,144,739 -0.3%
Net Income $12,820 $91,557 -0.9%
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

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Governance

Voting Members
121
Independent Members
121
Employees
9
Volunteers
122

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
5
$1,014,610
Total Directors
121
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLIE WEAVER EXECUTIVE DIRECTOR (THRU AUG 2023) 40.00
Officer
$770,962 $59,360 $830,322
KATIE NADEAU OPERATIONS DIRECTOR 40.00
Highest
$175,817 $22,802 $198,619
KURT ZELLERS CEO (AS OF SEP 2023) 40.00
Officer
$170,983 $13,305 $184,288
AMY WALSTIEN EDUCATION POLICY DIRECTOR 40.00
Highest
$166,568 $32,531 $199,099
GAVIN HANSON FISCAL POLICY DIRECTOR 40.00
Highest
$130,550 $14,222 $144,772
ABBY LOESCH HEALTH CARE POLICY DIRECTOR 40.00
Highest
$129,242 $761 $130,003
JONATHAN BLAKE COMMUNICATIONS DIRECTOR 40.00
Highest
$122,017 $4,988 $127,005
GEOFF MARTHA PRESIDENT 1.00
Officer Director
$0 $0 $0
JEFF HARMENING CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL O'LEARY SECRETARY & TREASURER 1.00
Officer Director
$0 $0 $0
ALLISON GETTINGS DIRECTOR 1.00
Director
$0 $0 $0
ANDREA WALSH DIRECTOR 1.00
Director
$0 $0 $0
ANDREW HUMPHREY DIRECTOR 1.00
Director
$0 $0 $0
ANDREW MILLER DIRECTOR 1.00
Director
$0 $0 $0
ANDY CANTWELL DIRECTOR 1.00
Director
$0 $0 $0
ANDY CECERE DIRECTOR 1.00
Director
$0 $0 $0
ARCHIE BLACK DIRECTOR 1.00
Director
$0 $0 $0
BARBARA JOERS DIRECTOR 1.00
Director
$0 $0 $0
BARRY MCCARTHY DIRECTOR 1.00
Director
$0 $0 $0
BETH FORD DIRECTOR 1.00
Director
$0 $0 $0
BETH WOZNIAK DIRECTOR 1.00
Director
$0 $0 $0
BILL STOERI DIRECTOR 1.00
Director
$0 $0 $0
BOB FRENZEL DIRECTOR 1.00
Director
$0 $0 $0
BOB FROST DIRECTOR 1.00
Director
$0 $0 $0
BRIAN CORNELL DIRECTOR 1.00
Director
$0 $0 $0
BRIAN MURRAY DIRECTOR 1.00
Director
$0 $0 $0
CELESTE MASTIN DIRECTOR 1.00
Director
$0 $0 $0
CHAD ABRAHAM DIRECTOR 1.00
Director
$0 $0 $0
CHAD DUNKLEY DIRECTOR 1.00
Director
$0 $0 $0
CHRIS GALVIN DIRECTOR 1.00
Director
$0 $0 $0
CHRIS HILGER DIRECTOR 1.00
Director
$0 $0 $0
CHRIS KOCH DIRECTOR 1.00
Director
$0 $0 $0
CHRIS SIMPSON DIRECTOR 1.00
Director
$0 $0 $0
CHRISTE SINGLETON DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINE SOVEREIGN DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINE SOVEREIGN DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHE BECK DIRECTOR 1.00
Director
$0 $0 $0
CHUCK KUMMETH DIRECTOR 1.00
Director
$0 $0 $0
CHUCK MACFARLANE DIRECTOR 1.00
Director
$0 $0 $0
CHUCK RUNYON DIRECTOR 1.00
Director
$0 $0 $0
CORIE BARRY DIRECTOR 1.00
Director
$0 $0 $0
DAN FISHER DIRECTOR 1.00
Director
$0 $0 $0
DAN LINDH DIRECTOR 1.00
Director
$0 $0 $0
DANA ERICKSON DIRECTOR 1.00
Director
$0 $0 $0
DAVE BOZEMAN DIRECTOR 1.00
Director
$0 $0 $0
DAVE HUML DIRECTOR 1.00
Director
$0 $0 $0
DAVE MACLENNAN DIRECTOR 1.00
Director
$0 $0 $0
DAVE PINDER DIRECTOR 1.00
Director
$0 $0 $0
DAVE ST PETER DIRECTOR 1.00
Director
$0 $0 $0
DAVE THOMAS DIRECTOR 1.00
Director
$0 $0 $0
DAVID HERMAN MD DIRECTOR 1.00
Director
$0 $0 $0
DAVID MORTENSON DIRECTOR 1.00
Director
$0 $0 $0
DAVID SAGGAU DIRECTOR 1.00
Director
$0 $0 $0
DEVINDER MALHOTRA DIRECTOR 1.00
Director
$0 $0 $0
DIMITRIOS SMYRNIOS DIRECTOR 1.00
Director
$0 $0 $0
DIRK MCMAHON DIRECTOR 1.00
Director
$0 $0 $0
DOMINIC IANNOZZO DIRECTOR 1.00
Director
$0 $0 $0
DON ZURBAY DIRECTOR 1.00
Director
$0 $0 $0
DOUG JAEGER DIRECTOR 1.00
Director
$0 $0 $0
ERIC MERCER DIRECTOR 1.00
Director
$0 $0 $0
ETHAN CASSON DIRECTOR 1.00
Director
$0 $0 $0
GEOFF GLASRUD DIRECTOR 1.00
Director
$0 $0 $0
GIANRICO FARRUGIA MD DIRECTOR 1.00
Director
$0 $0 $0
GINA KASTEL DIRECTOR 1.00
Director
$0 $0 $0
GINNY HUBBARD MORRIS DIRECTOR 1.00
Director
$0 $0 $0
GLEN TAYLOR DIRECTOR 1.00
Director
$0 $0 $0
GUY MINGO DIRECTOR 1.00
Director
$0 $0 $0
HUGH MILLER DIRECTOR 1.00
Director
$0 $0 $0
JAMES HEREFORD DIRECTOR 1.00
Director
$0 $0 $0
JAMES POWELL DIRECTOR 1.00
Director
$0 $0 $0
JASMINE JIRELE DIRECTOR 1.00
Director
$0 $0 $0
JAY DEBERTIN DIRECTOR 1.00
Director
$0 $0 $0
JEANNE CRAIN DIRECTOR 1.00
Director
$0 $0 $0
JEFF FETTERS DIRECTOR 1.00
Director
$0 $0 $0
JILL RENSLOW DIRECTOR 1.00
Director
$0 $0 $0
JIM CRACCHIOLO DIRECTOR 1.00
Director
$0 $0 $0
JIM SNEE DIRECTOR 1.00
Director
$0 $0 $0
JOAN GABEL DIRECTOR 1.00
Director
$0 $0 $0
JOE FITZGERALD DIRECTOR 1.00
Director
$0 $0 $0
JOHN BUTCHER DIRECTOR 1.00
Director
$0 $0 $0
JOHN KONECK DIRECTOR 1.00
Director
$0 $0 $0
JOHN NAYLOR DIRECTOR 1.00
Director
$0 $0 $0
JOHN STAUCH DIRECTOR 1.00
Director
$0 $0 $0
KATHY DOLPHIN DIRECTOR 1.00
Director
$0 $0 $0
KEN HOLMEN MD DIRECTOR 1.00
Director
$0 $0 $0
KEVIN CROSTON MD DIRECTOR 1.00
Director
$0 $0 $0
LAURA OBERST DIRECTOR 1.00
Director
$0 $0 $0
LISA ERICKSON DIRECTOR 1.00
Director
$0 $0 $0
LISA SHANNON DIRECTOR 1.00
Director
$0 $0 $0
MARC GORELICK MD DIRECTOR 1.00
Director
$0 $0 $0
MARK SHEAHAN DIRECTOR 1.00
Director
$0 $0 $0
MATT MAJKA DIRECTOR 1.00
Director
$0 $0 $0
MATT MARSH DIRECTOR 1.00
Director
$0 $0 $0
MELODIE ROSE DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL ARMSTRONG DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL KLINGENSMITH DIRECTOR 1.00
Director
$0 $0 $0
MIKE FITERMAN DIRECTOR 1.00
Director
$0 $0 $0
MIKE HAPPE DIRECTOR 1.00
Director
$0 $0 $0
MIKE JONES DIRECTOR 1.00
Director
$0 $0 $0
MIKE ROMAN DIRECTOR 1.00
Director
$0 $0 $0
MIKE SPEETZEN DIRECTOR 1.00
Director
$0 $0 $0
PAUL FISCHER DIRECTOR 1.00
Director
$0 $0 $0
PAUL MARVIN DIRECTOR 1.00
Director
$0 $0 $0
PETER CARTER DIRECTOR 1.00
Director
$0 $0 $0
PETER SWENSON DIRECTOR 1.00
Director
$0 $0 $0
RICH GARRITY DIRECTOR 1.00
Director
$0 $0 $0
RICK OLSON DIRECTOR 1.00
Director
$0 $0 $0
ROB BODOR DIRECTOR 1.00
Director
$0 $0 $0
ROB VISCHER DIRECTOR 1.00
Director
$0 $0 $0
ROD YOUNG DIRECTOR 1.00
Director
$0 $0 $0
RON SCHUTZ DIRECTOR 1.00
Director
$0 $0 $0
RUSS BECKER DIRECTOR 1.00
Director
$0 $0 $0
SCOTT ANDERSON DIRECTOR 1.00
Director
$0 $0 $0
SCOTT OLSON DIRECTOR 1.00
Director
$0 $0 $0
SHARI BALLARD DIRECTOR 1.00
Director
$0 $0 $0
SHELLY IBACH DIRECTOR 1.00
Director
$0 $0 $0
STAN HUBBARD DIRECTOR 1.00
Director
$0 $0 $0
STEVE GROVE DIRECTOR 1.00
Director
$0 $0 $0
STEVE HOCKETT DIRECTOR 1.00
Director
$0 $0 $0
SURESH KRISHNA DIRECTOR 1.00
Director
$0 $0 $0
TERRY RASMUSSEN DIRECTOR 1.00
Director
$0 $0 $0
TIM MURNANE DIRECTOR 1.00
Director
$0 $0 $0
TOD CARPENTER DIRECTOR 1.00
Director
$0 $0 $0
TODD NOTEBOOM DIRECTOR 1.00
Director
$0 $0 $0
TOM MCGOUGH JR DIRECTOR 1.00
Director
$0 $0 $0
TRES LUND III DIRECTOR 1.00
Director
$0 $0 $0
TREVOR SAWALLISH DIRECTOR 1.00
Director
$0 $0 $0
TY SILBERHORN DIRECTOR 1.00
Director
$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
2024 No data No data No data No data
2023 $3,502,641 $3,489,821 $5,667,687 $12,820
2022 $5,236,296 $5,144,739 $5,996,327 $91,557
2021 $4,289,848 $3,750,967 $5,953,318 $538,881
2020 $5,646,507 $4,777,752 $5,482,813 $868,755
2019 $3,628,813 $3,206,861 $4,641,267 $421,952
2018 $6,102,023 $5,564,321 $4,049,858 $537,702
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