THE MINNESOTA RENEWABLE ENERGY SOC… - 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

1979

Legal Domicile

Principal Officer

MARK WEBER

Phone

6123084757

Tax Period

2024-01-01 to 2024-12-31

THE MINNESOTA RENEWABLE ENERGY SOCIETY INCORPORATED, founded in 1979, is a micro nonprofit that reported $32K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Net assets of $67K represent 25 months of operating reserves.

Mission

TO ADVANCE A SUSTAINABLE SOCIETY AND A RENEWABLE ENERGY ECONOMY THROUGH EDUCATION, LEADERSHIP, AND EXAMPLE.

Program Service Accomplishments

Program 1

Expenses: $1,867 Revenue: $1,810

THE 32ND ANNUAL SOLAR BOAT REGATTA WAS HELD AT RILEY LAKE TO EDUCATE MIDDLE SCHOOL AND HIGH SCHOOL AGE STUDENTS ON HOW TO APPLY SOLAR ENERGY TO A FUN ACTIVITY. THE STUDENTS BUILT FULL SIZED, SOLAR...

THE 32ND ANNUAL SOLAR BOAT REGATTA WAS HELD AT RILEY LAKE TO EDUCATE MIDDLE SCHOOL AND HIGH SCHOOL AGE STUDENTS ON HOW TO APPLY SOLAR ENERGY TO A FUN ACTIVITY. THE STUDENTS BUILT FULL SIZED, SOLAR POWERED BOATS AND SPENT THE DAY RACING THEM THROUGH THREE DIFFERENT ACTIVITIES. WE HAD ELEVEN BOATS RACE FROM NINE SCHOOLS FROM ALL OVER THE STATE. MORE THAN 131 STUDENTS PARTICIPATED IN LEARNING EXPERIENCE.

Program 2

Expenses: $13,913 Revenue: $7,250

MRES WORKED WITH THE MINNESOTA POLLUTION CONTROL AGENCY TO TRAIN EIGHTY VOLUNTEERS TO STAFF THE ECO EXPERIENCE AREA OF THE MINNESOTA STATE FAIR. THE VOLUNTEERS EXPLAINED THE DIFFERENT SOLAR...

MRES WORKED WITH THE MINNESOTA POLLUTION CONTROL AGENCY TO TRAIN EIGHTY VOLUNTEERS TO STAFF THE ECO EXPERIENCE AREA OF THE MINNESOTA STATE FAIR. THE VOLUNTEERS EXPLAINED THE DIFFERENT SOLAR TECHNOLOGIES TO 218,354 PEOPLE DURING THE 12-DAY RUN OF THE STATE FAIR. A NEW EXHIBIT HELPED THE VOLUNTEERS EXPLAIN HOW PERSONAL ACTIONS EFFECT CO2 EMISSIONS AND CLIMATE CHANGE. THESE ACTIVITIES EDUCATE THE GENERAL PUBLIC ON HOW RENEWABLE ENERGY WORKS AND HOW THEY CAN PARTICIPATE IN ITS BENEFITS. THIS EDUCATION IS CONDUCTED IN SPANISH AND ENGLISH. WE FORMED RELATIONSHIPS WITH PASSIVE HOUSE MINNESOTA AND THE CLIMATE REALITY PROJECT FOR THIS ACTIVITY.

Program 3

Expenses: $100

MRES HOSTED THE MINNESOTA SOLAR / SUSTAINABILITY TOUR OF OVER ELEVEN DIFFERENT SITES ACROSS THE STATE OF MINNESOTA. THIS WAS A HYBRID TOUR THIS YEAR. THE SITES OPENED THEIR HOMES AND BUSINESS TO THE GENERAL PUBLIC SO THAT THEY COULD SEE DIFFERENT RENEWABLE ENERGY TECHNOLOGIES AND ENERGY REDUCTION TECHNOLOGIES. THIS ALLOWS PEOPLE TO LEARN ABOUT RENEWABLE TECHNOLOGIES ON A PERSON-TO-PERSON BASIS. ASES REPORTED 10,000 PLUS WEBSITE HITS DURING THE TOUR THIS YEAR.

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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 $18,865

Program Service Revenue $10,855

Investment Income $2,069

Other Revenue $0

TOTAL REVENUE $31,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,545

Other Expenses $32,269

TOTAL EXPENSES $32,269

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,789	$36,096	-0.1%
Expenses	$32,269	$32,417	0.0%
Net Income	$-480	$3,679	-1.1%

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

N/A

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

Total Directors

$5,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK WEBER	CHAIR	40.00	Officer Director	$0	$0	$0
DOUG SHOEMAKER	VICE CHAIR	65.00	Officer Director	$0	$0	$0
ELEANOR MAHON	SECRETARY	15.00	Officer Director	$0	$0	$0
BEN BISSONETTE	TREASURER	10.00	Officer Director	$0	$0	$0
CHRIS BURDA	DIRECTOR	40.00	Director	$5,500	$0	$5,500
JOHN DUNLOP	DIRECTOR	10.00	Director	$0	$0	$0
LAUREN LINDOLOF	DIRECTOR	30.00	Director	$0	$0	$0
PATRICK HOLTZ	DIRECTOR	10.00	Director	$0	$0	$0
BARBARA LUNDE	DIRECTOR	10.00	Director	$0	$0	$0
KATHERINE SCHAFER	DIRECTOR	10.00	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	$31,789	$32,269	$67,314	$-480
2023	$36,096	$32,417	$67,794	$3,679
2022	$746,896	$708,345	$64,115	$38,551

THE MINNESOTA RENEWABLE ENERGY SOCIETY INCORPORATED