MDI HIRED HANDS

EIN: 411587363 501(c)(3)

MINNEAPOLIS, MN

Total Revenue
$697,590
Total Expenses
$887,973
Total Assets
$192,767
Net Assets
$-5,891,512
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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
1987
Legal Domicile
MN
Principal Officer
ERIC BLACK
Phone
6519998200
Tax Period
2024-01-01 to 2024-12-31

MDI HIRED HANDS, founded in 1987, is a small nonprofit that reported $698K in total revenue in fiscal year 2024. Expenses of $888K exceeded revenue, resulting in a 27% operating deficit.

Mission

SERVE PEOPLE WITH DISABILITIES BY OFFERING INCLUSIVE EMPLOYMENT OPPORTUNITIES AND SERVICES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $554,460
Program Service Revenue $143,130
Investment Income $0
Other Revenue $0
TOTAL REVENUE $697,590

Expense Breakdown

Grants Paid $0
Salaries & Benefits $692,615
Fundraising Expenses $0
Program Expenses $798,313
Other Expenses $195,358
TOTAL EXPENSES $887,973

Year-over-Year Comparison

2024 2023 Change
Revenue $697,590 $681,029 +0.0%
Expenses $887,973 $880,296 +0.0%
Net Income $-190,383 $-199,267 0.0%
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

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Governance

Voting Members
10
Independent Members
10
Employees
59
Volunteers
10

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
6
$898,552
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE RAICH PAST CHAIR 0.10
Officer Director
$0 $0 $0
JONATHAN PALMER BOARD CHAIR 0.10
Officer Director
$0 $0 $0
STEVE GLIENKE TREASURER & FINANCE CHAIR 0.10
Officer Director
$0 $0 $0
MEGAN KELIN DIRECTOR 0.10
Director
$0 $0 $0
ANDRIEL DEES DIRECTOR 0.10
Director
$0 $0 $0
FRED KLIETZ DIRECTOR 0.10
Director
$0 $0 $0
ELAINE RASMUSSEN DIRECTOR 0.10
Director
$0 $0 $0
JILL HESSELROTH DIRECTOR 0.10
Director
$0 $0 $0
NICK WILKIE DIRECTOR 0.10
Director
$0 $0 $0
ALAN HUPP DIRECTOR 0.10
Director
$0 $0 $0
ERIC BLACK PRESIDENT & CEO 1.00
Officer
$0 $30,487 $382,525
RODNEY WOOD CHIEF OPERATING OFFICER 1.00
Officer
$0 $61,231 $293,056
MARVIN HANNON CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $36,212 $222,971
JEANNE EGLINTON VICE PRESIDENT OF EMPLOYMENT SERVICES 10.00
Highest
$0 $39,683 $189,626
LAINE SATTER KEY ACCOUNT MANAGER-COMMERCIAL SERVICES 0.00
Highest
$0 $28,142 $177,752
TODD WITHERILL DIRECTOR OF OPERATIONS 1.00
Highest
$0 $30,712 $197,712
LAURA SCHWARTZ DIRECTOR OF HUMAN RESOURCES 10.00
Highest
$0 $42,665 $190,337
BRENT VELENCHENKO STRATEGIC PRODUCT LINE MANAGER-PLASTICS 0.00
Highest
$0 $11,342 $143,343
BARBARA MAJERUS FORMER VP SALES 0.00
$0 $27,313 $152,614
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 $697,590 $887,973 $192,767 $-190,383
2023 $681,029 $880,296 $190,764 $-199,267
2022 $598,756 $810,234 $138,241 $-211,478
2021 $556,774 $1,188,349 $197,048 $-631,575
2020 $565,687 $2,022,600 $268,431 $-1,456,913
2019 $1,184,899 $1,830,314 $387,165 $-645,415
2018 $1,337,174 $2,125,769 $633,854 $-788,595
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