MINNESOTA CHAMBER FOUNDATION (EIN 411453093) - Form 990 Financial Analysis & Trantor Score

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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

TO BRING STAKEHOLDERS TOGETHER TO PROMOTE PROSPERITY & LONG-TERM GROWTH OF MINNESOTA'S ECONOMY.

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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
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

MINNESOTA CHAMBER FOUNDATION