NAIOP MINNESOTA CHAPTER

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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

1980

Legal Domicile

Principal Officer

STEPHANIE WOLF

Phone

9529284647

Tax Period

2024-01-01 to 2024-12-31

NAIOP MINNESOTA CHAPTER, founded in 1980, is a small nonprofit that reported $671K in total revenue in fiscal year 2024.

Mission

THE PURPOSE OF THIS CHAPTER SHALL BE:A. TO UNITE PERSONS ACTIVELY ENGAGED IN, OR INTERESTED IN, THE DEVELOPMENT, MANAGEMENT, INVESTMENT IN AND FINANCING OF COMMERICAL REAL ESTATE THROUGH MEMBERSHIP IN A NOT-FOR-PROFIT ASSOCIATION.B. TO DEVELOP THROUGH RESEARCH, DISCUSSION AND EXCHANGE OF INFORMATION BETTER STANDARDS FOR THE DEVELOPMENT, OWNERSHIP AND OPERATION OF COMMERICAL REAL ESTATE.C. TO PROVIDE OPPORTUNITIES FOR MEMBERS TO INCREASE THEIR KNOWLEDGE OF THE COMMERCIAL REAL ESTATE INDUSTRY; AND TO INCREASE THEIR INDIVIDUAL CAPABILITIES.D. TO PROVIDE LEADERSHIP ON ISSUES OF CONCERN TO MEMBERS OF THE ASSOCIATION.E. TO INTERACT WITH SUCH ORGANIZATIONS (GOVERNMENTAL AGENCIES, PUBLIC UTILITIES, FINANCIAL AND INSURANCE COMPANIES) TO FURTHER THE INTERESTS OF THE ASSOCIATION AND/OR INDUSTRY.F. TO CONDUCT OR ENGAGE IN ALL LAWFUL ACTIVITIES IN FURTHERANCE OF THE FOREGOING PURPOSES OR INCIDENTAL THERETO.

Program Service Accomplishments

Program 1

Expenses: $261,179 Revenue: $258,246

PUBLIC POLICY -THE PURPOSE OF OUR PUBLIC POLICY SERVICE IS TO IMPROVE THE BUSINESS ENVIRONMENT IN WHICH MINNESOTA BUSINESS TENANTS OPERATE AND TO ADVANCE THE INTERESTS OF NAIOP MINNESOTA CHAPTER'S...

PUBLIC POLICY -THE PURPOSE OF OUR PUBLIC POLICY SERVICE IS TO IMPROVE THE BUSINESS ENVIRONMENT IN WHICH MINNESOTA BUSINESS TENANTS OPERATE AND TO ADVANCE THE INTERESTS OF NAIOP MINNESOTA CHAPTER'S COMMERCIAL REAL ESTATE DEVELOPER, BUILIDNG OWNER AND INVESTOR MEMBERS.

Program 2

Expenses: $140,436 Revenue: $63,411

PROGRAMMING -THE PURPOSE OF NAIOP MINNESOTA CHAPTER'S PROGRAMMING IS TO PROVIDE RELEVANT EDUCATIONAL OPPORTUNITIES TO ITS MEMBERS.

Program 3

Expenses: $102,449 Revenue: $104,955

SOCIAL NETWORKING -THE PURPOSE OF NAIOP MINNESOTA CHAPTER'S SOCIAL NETWORKING IS TO PROVIDE OPPORTUNITIES FOR NAIOP MEMBERS AND INDUSTRY PROFESSIONALS TO INTERACT.

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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 $410,546

Program Service Revenue $259,920

Investment Income $0

Other Revenue $512

TOTAL REVENUE $670,978

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $504,064

Other Expenses $709,147

TOTAL EXPENSES $724,147

Year-over-Year Comparison

	2024	2023	Change
Revenue	$670,978	$670,063	+0.0%
Expenses	$724,147	$669,370	+0.1%
Net Income	$-53,169	$693	-77.7%

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

133

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID ANDERSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARC NANNE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ROSS DAHLIN	TREASURER	2.00	Officer Director	$0	$0	$0
JIM HOOPES	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
NICOLE HAAPALA	BOARD MEMBER	2.00	Director	$0	$0	$0
PAUL HYDE	BOARD MEMBER	2.00	Director	$0	$0	$0
SAM DAGIT	BOARD MEMBER	2.00	Director	$0	$0	$0
JILL RASMUSSEN	BOARD MEMBER	2.00	Director	$0	$0	$0
JASON SIMEK	BOARD MEMBER	2.00	Director	$0	$0	$0
RYAN BARTLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
JACKI CHRISTOPHER	BOARD MEMBER	2.00	Director	$0	$0	$0
TREVOR MARTINEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
TYLER MONSON	BOARD MEMBER	2.00	Director	$0	$0	$0
EVAN RICHARDSON	BOARD MEMBER	2.00	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	$670,978	$724,147	$836,283	$-53,169
2023	$670,063	$669,370	$916,088	$693
2022	$664,056	$645,240	$929,912	$18,816
2021	$690,224	$656,946	$904,588	$33,278
2020	$579,761	$638,620	$962,084	$-58,859
2019	$713,976	$694,499	$1,043,630	$19,477