ENTERPRISE MINNESOTA (EIN 411595930) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

ROBERT KILL

Phone

6123732900

Tax Period

2022-07-01 to 2023-06-30

ENTERPRISE MINNESOTA, founded in 1987, is a community nonprofit in the Public & Societal Benefit sector that reported $5.9M in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year.

Mission

TO PROMOTE ECONOMIC GROWTH AND JOB CREATION THROUGH APPLIED RESEARCH, TECHNOLOGY TRANSFER, AND PRODUCTIVE DEVELOPMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $3,319,480

Program Service Revenue $2,492,697

Investment Income $48,085

Other Revenue $0

TOTAL REVENUE $5,860,262

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,525,445

Fundraising Expenses $0

Program Expenses $5,155,865

Other Expenses $1,306,430

TOTAL EXPENSES $5,831,875

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,860,262	$6,487,386	-0.1%
Expenses	$5,831,875	$5,612,454	+0.0%
Net Income	$28,387	$874,932	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$846,416

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG BUCK	DIRECTOR	1.00	Director	$0	$0	$0
JOE MULFORD	DIRECTOR	1.00	Director	$0	$0	$0
JOE PLUNGER	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY MINNE	DIRECTOR	1.00	Director	$0	$0	$0
MARK NELSON	DIRECTOR	1.00	Director	$0	$0	$0
MATT HANSON	DIRECTOR	1.00	Director	$0	$0	$0
MIKE JENSEN	DIRECTOR	1.00	Director	$0	$0	$0
PAUL EBNET	CHAIR	1.00	Officer Director	$0	$0	$0
STEVE PALMER	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
JOHN CONNELLY	VP OF CONSULTING	40.00	Officer	$164,479	$20,609	$185,088
ROBERT KILL	PRESIDENT AND CEO	40.00	Officer	$251,897	$25,299	$277,196
LYNN SHELTON	VP OF MARKETING	40.00	Officer	$166,205	$22,847	$189,052
PATRICIA VASATKA	VP OF FINANCE	40.00	Officer	$155,389	$39,691	$195,080
KEITH GADACZ	CONSULTANT	40.00	Highest	$106,026	$35,022	$141,048
ALLY JOHNSTON	CONSULTANT	40.00	Highest	$110,012	$34,685	$144,697
WILLIAM MARTINSON	BUSINESS DEVELOPER	40.00	Highest	$123,733	$35,903	$159,636
STEVEN HAARSTAD	CONSULTANT	40.00	Highest	$105,841	$36,547	$142,388
GEORGE TANGEN	RELATIONSHIP MANAGER	40.00	Highest	$106,252	$32,117	$138,369

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	No data	No data	No data	No data
2023	$5,860,262	$5,831,875	$3,929,515	$28,387
2022	$6,487,386	$5,612,454	$3,826,977	$874,932
2021	$6,082,490	$5,413,250	$3,569,693	$669,240
2020	$4,550,459	$5,156,461	$2,760,287	$-606,002
2019	$5,079,232	$5,268,347	$2,794,012	$-189,115
2018	$5,298,618	$5,567,115	$3,291,167	$-268,497

ENTERPRISE MINNESOTA