MINNESOTA CHAMBER FOUNDATION

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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

1983

Legal Domicile

Principal Officer

JENNIFER BYERS

Phone

6512924650

Tax Period

2023-10-01 to 2024-09-30

MINNESOTA CHAMBER FOUNDATION, founded in 1983, is a community nonprofit in the Public & Societal Benefit sector that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION'S MISSION IS TO BRING STAKEHOLDERS TOGETHER TO PROMOTE PROSPERITY AND LONG-TERM GROWTH OF MINNESOTA'S ECONOMY.

Program Service Accomplishments

Program 1

Expenses: $204,948 Revenue: $0

ECONOMIC RESEARCH: IN FEBRUARY OF 2024, THE MINNESOTA CHAMBER FOUNDATION RELEASED ITS' ANALYSIS OF MINNESOTA'S ENVIRONMENTAL PERMITTING SYSTEM. THIS DATA DRIVEN, SCIENTIFIC REPORT ASSEMBLED DATA FROM MULTIPLE STATES ACROSS THE COUNTRY AND THE MINNESOTA POLLUTION CONTROL AGENCY (MPCA) TO ASSESS AND BENCHMARK PERMITTING TIMELINES FOR AIR AND WATER, AND THE ENVIRONMENTAL REVIEW PROCESS. THIS YEARLONG STUDY ALSO INCLUDED THE SUPPORT OF OUTSIDE CONSULTANTS. IT WAS THE FIRST REPORT IN MORE THAN 30 YEARS THAT ASSEMBLED STATISTICS AND DATA TO MEASURE PERMITTING TIMELINES IN MINNESOTA. THE REPORT PROVIDED RECOMMENDATIONS TO IMPROVE CERTAINTY AND TIMELINES WHILE MAINTAINING MINNESOTA'S COMMITMENT TO PUBLIC HEALTH AND THE ENVIRONMENT.

Program 2

Expenses: $632,564 Revenue: $0

THE BUSINESS ENVIRONMENTAL SUSTAINABILITY FINANCE PROGRAM (BESFP) IS A GRANT PROGRAM OF THE MINNESOTA CHAMBER FOUNDATION. THE PURPOSE OF THE BESFP GRANT PROGRAM IS TO MOTIVATE BUSINESS OWNERS TO...

THE BUSINESS ENVIRONMENTAL SUSTAINABILITY FINANCE PROGRAM (BESFP) IS A GRANT PROGRAM OF THE MINNESOTA CHAMBER FOUNDATION. THE PURPOSE OF THE BESFP GRANT PROGRAM IS TO MOTIVATE BUSINESS OWNERS TO COMPLETE ENERGY EFFICIENCY OR WASTE REDUCTION PROJECTS THAT WOULD OTHERWISE NOT GET DONE WITHOUT BESFP GRANT. GRANTS OF UP TO $3,000 MAY BE AVAILABLE FOR PRE-QUALIFIED ENERGY EFFICIENCY AND WASTE MANAGEMENT PROJECTS. BESFP GRANT PROGRAM WORKS CLOSELY WITH ENERGY SMART OR WASTE WISE STAFF TO IDENTIFY PROJECTS THAT MAY QUALIFY FOR A GRANT. ELIGIBLE PROJECTS INCLUDE ENERGY EFFICIENT PROJECTS THAT RECIEVE AN ENERGY UTILITY REBATE AND WASTE PROJECTS WHICH RESULT IN QUANTIFIABLE WASTE DIVERSION (WASTE KEPT OUT OF THE MUNICIPAL SOLID WASTE STREAM). NO MORE THAN ONE GRANT PER BUSINESS (OR BUSINESS LOCATION) PER CALANDER YEAR OR FOR ONE 12-MONTH PERIOD, WILL BE GIVEN. PRIORITY IS GIVEN TO BUSINESSES THAT HAVE NOT RECEIVED A BESFP GRANT AT ANY TIME IN THE PAST.

Program 3

Expenses: $176,364 Revenue: $0

CENTER FOR WORKFORCE SOLUTIONS: THE CENTER FOR WORKFORCE SOLUTIONS IS DESIGNED TO PROVIDE PRIVATE SECTOR SOLUTIONS TO THE WORKFORCE CHALLENGE FACING MINNESOTA EMPLOYERS. THE CENTER HAS MULTIPLE FOCUS AREAS. THE FIRST, IS THE BUSINESS EDUCATION NETWORK (BEN) FORMED IN 2015. BEN IS A PRIVATE-SECTOR SOLUTION TO EMPLOYERS' URGENT NEED TO FIND SKILLED, QUALIFIED AND READY WORKERS FOR JOBS AVAILABLE IN COMMUNITIES ACROSS OUR STATE. BEN PARTNERS ESTABLISHED A RELATIONSHIP WITH THE UNITED WAY OF THE TWIN CITIES TO EXPAND CAREER PATHWAYS IN 2024 AND THAT WORK CONTINUED IN 2024. THE CENTER IS ALSO HOME TO THE FOUNDATION'S WORKFORCE INCLUSION INITIATIVE. RESOURCES AND CONSULTING ARE PROVIDED FOR EMPLOYERS ACROSS MINNESOTA. THE INCLUSIVE LEADER'S ALLIANCE WAS LAUNCHED LAST YEAR. ANOTHER AREA OF FOCUS IS HIGHLIGHTING AND ADVANCING THE ROLE OF NEW AMERICANS TO MINNESOTA'S ECONOMY, BOTH AS WORKERS AND ENTREPRENEURS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,084,444

Program Service Revenue $266,598

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,351,042

Expense Breakdown

Grants Paid $266,156

Salaries & Benefits $394,813

Fundraising Expenses $12,137

Program Expenses $1,242,468

Other Expenses $743,773

TOTAL EXPENSES $1,404,742

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,351,042	$1,220,735	+0.1%
Expenses	$1,404,742	$1,069,695	+0.3%
Net Income	$-53,700	$151,040	-1.4%

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

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

$413,240

Total Directors

$805,363

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG LOON	PRESIDENT/CEO	1.00	Director	$0	$31,566	$604,866
JENNIFER BYERS	EXECUTIVE DIRECTOR	30.00	Officer Director	$0	$13,073	$200,497
JEFF DEYOUNG	CHAIR	1.00	Officer Director	$0	$0	$0
TRACI TAPANI	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
JON CAMPBELL	PAST CHAIR	1.00	Officer Director	$0	$0	$0
RICK BAUERLY	DIRECTOR	1.00	Director	$0	$0	$0
LISA BODINE	DIRECTOR	1.00	Director	$0	$0	$0
JILL RENSLOW	DIRECTOR	1.00	Director	$0	$0	$0
DARIN LYNCH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN MARVIN	DIRECTOR	1.00	Director	$0	$0	$0
TIM PENNY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID RUDOLPH	DIRECTOR	1.00	Director	$0	$0	$0
ERIC BLACK	DIRECTOR	1.00	Director	$0	$0	$0
BRET WEISS	DIRECTOR	1.00	Director	$0	$0	$0
LARA JURAS	DIRECTOR	1.00	Director	$0	$0	$0
ANNETTE KOJETIN	VICE PRESIDENT/CFO	1.00	Officer	$0	$25,259	$212,743
LAURA BORDELON	SR. VICE PRESIDENT	0.00	Highest	$0	$29,440	$327,683
BENTLEY GRAVES	DIRECTOR	0.00	Highest	$0	$18,079	$193,681
ELIZABETH KADOUN	VICE PRESIDENT	0.00	Highest	$0	$15,043	$181,910
JENNIFER MUNYER	VICE PRESIDENT	5.00	Highest	$0	$11,472	$176,252
VICTORIA STUTE	VICE PRESIDENT	0.00	Highest	$0	$10,481	$169,314

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	No data	No data	No data	No data
2024	$1,351,042	$1,404,742	$879,691	$-53,700
2023	$1,220,735	$1,069,695	$971,066	$151,040
2022	$930,141	$957,574	$743,764	$-27,433
2021	$942,056	$951,012	$816,890	$-8,956
2020	$1,052,369	$897,735	$918,016	$154,634
2019	$1,523,847	$1,550,897	$779,476	$-27,050
2018	$1,103,143	$1,033,913	$801,345	$69,230