Iron Range Tourism Bureau

EIN: 411625033

Eveleth, MN

Total Revenue
$696,664
Total Expenses
$703,135
Total Assets
$291,487
Net Assets
$203,511
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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
1988
Legal Domicile
MN
Principal Officer
Jamie Lindseth
Phone
2187498161
Tax Period
2024-01-01 to 2024-12-31

Iron Range Tourism Bureau, founded in 1988, is a small nonprofit that reported $697K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

Tourism To promote travel and tourism in order to generate overnight lodging and economic impact for its service area

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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 $161,475
Program Service Revenue $533,753
Investment Income $1,436
Other Revenue $0
TOTAL REVENUE $696,664

Expense Breakdown

Grants Paid $111,952
Salaries & Benefits $161,677
Fundraising Expenses $0
Program Expenses $675,459
Other Expenses $429,506
TOTAL EXPENSES $703,135

Year-over-Year Comparison

2024 2023 Change
Revenue $696,664 $612,604 +0.1%
Expenses $703,135 $543,304 +0.3%
Net Income $-6,471 $69,300 -1.1%
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
15
Independent Members
15
Employees
3
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
4
$0
Total Directors
16
$74,839
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tony Jeffries Treasurer 2.00
Officer Director
$0 $0 $0
Shawn Herhusky Secretary 2.00
Officer Director
$0 $0 $0
Jim Makowsky Board member 2.00
Director
$0 $0 $0
Betsy Olivanti Vice Chair 2.00
Officer Director
$0 $0 $0
William Aho Board member 2.00
Director
$0 $0 $0
Michelle Cramer Board member 2.00
Director
$0 $0 $0
Fred Seymour Chair 2.00
Officer Director
$0 $0 $0
Barrett Ziemer Board member 2.00
Director
$0 $0 $0
Britt See-Benes Board member 2.00
Director
$0 $0 $0
Shaun Hainey Board member 2.00
Director
$0 $0 $0
Jackie Monahan-Junek Board member 2.00
Director
$0 $0 $0
Jim Hunt Board member 2.00
Director
$0 $0 $0
Kim Sampson Board member 2.00
Director
$0 $0 $0
Jamie Lindseth Board member 2.00
Director
$0 $0 $0
Bridgit Maruska Board member 2.00
Director
$0 $0 $0
Beth Pierce Executive Director 40.00
Director
$74,839 $0 $74,839
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 $696,664 $703,135 $291,487 $-6,471
2023 $612,604 $543,304 $266,545 $69,300
2022 $630,646 $689,717 $192,338 $-59,071
2021 $528,453 $488,336 $282,730 $40,117
2020 $465,730 $512,253 $250,499 $-46,523
2019 $552,929 $530,694 $291,781 $22,235
2018 $477,378 $456,689 $219,199 $20,689
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