National Association of Benefits a… - 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

1937

Legal Domicile

Principal Officer

Mike Anderson

Phone

8443335593

Tax Period

2023-07-01 to 2024-06-30

National Association of Benefits and Insurance Professionals Minnesota, founded in 1937, is a small nonprofit in the Mutual Benefit sector that reported $135K in total revenue in fiscal year 2023. Expenses of $127K left a modest 6% surplus.

Mission

To improve members' ability to meet the health, financial, and retirement security needs of all Minnesotans through advocacy, professional development, and public education.

Program Service Accomplishments

Program 1

Expenses: $100,595 Revenue: $89,781

Sales congress convention, which provides information about issues and updates relating to the profession

Program 2

Expenses: $23,389 Revenue: $17,805

Monthly Meetings and programs to educate members about issues in the profession

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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 $27,512

Program Service Revenue $107,586

Investment Income $0

Other Revenue $0

TOTAL REVENUE $135,098

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $123,984

Other Expenses $127,202

TOTAL EXPENSES $127,202

Year-over-Year Comparison

	2023	2022	Change
Revenue	$135,098	$136,676	0.0%
Expenses	$127,202	$122,280	+0.0%
Net Income	$7,896	$14,396	-0.5%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Lisa Talcott	President	Officer Director	$0	$0	$0
Mike Anderson	Treasurer	Officer Director	$0	$0	$0
Brizn Szczech	Director	Director	$0	$0	$0
Andrea Smith	Director	Director	$0	$0	$0
Audrey Villeneuve	Director	Director	$0	$0	$0
Sarah Olmanson	Director	Officer Director	$0	$0	$0
Corey Anderson	Director	Director	$0	$0	$0
Joe Baldwin	Director	Director	$0	$0	$0
Holton Sailer	Director	Director	$0	$0	$0
Tom Wright	Director	Director	$0	$0	$0
Chad Levis	Director	Director	$0	$0	$0
Corey Wiest	Director	Director	$0	$0	$0
Krista Wurzberger	Secretary	Officer Director	$0	$0	$0
Shawnee Christenson	Director	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
2025	No data	No data	No data	No data
2024	$135,098	$127,202	$28,512	$7,896
2023	$136,676	$122,280	$20,616	$14,396
2022	$105,612	$118,231	$6,220	$-12,619
2021	$82,930	$90,691	$18,839	$-7,761
2020	$89,616	$106,055	$26,600	$-16,439
2019	$111,238	$101,307	$43,039	$9,931

National Association of Benefits and Insurance Professionals Minnesota