THE MINNESOTA DAILY

EIN: 411648598 501(c)(3)

MINNEAPOLIS, MN

Total Revenue
$1,290,801
Total Expenses
$1,323,822
Total Assets
$1,063,137
Net Assets
$895,668
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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
CHARLES E WEAVER JR
Phone
6126274080
Tax Period
2023-09-01 to 2024-08-31

THE MINNESOTA DAILY, founded in 1988, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

EDUCATIONAL TRAINING OF STUDENTS IN ALL AREAS OF NEWSPAPER OPERATIONS

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,756
Program Service Revenue $1,213,490
Investment Income $59,555
Other Revenue $14,000
TOTAL REVENUE $1,290,801

Expense Breakdown

Grants Paid $0
Salaries & Benefits $647,113
Fundraising Expenses $23,774
Program Expenses $759,940
Other Expenses $676,709
TOTAL EXPENSES $1,323,822

Year-over-Year Comparison

2023 2022 Change
Revenue $1,290,801 $1,055,494 +0.2%
Expenses $1,323,822 $1,124,735 +0.2%
Net Income $-33,021 $-69,241 -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

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Governance

Voting Members
11
Independent Members
11
Employees
148
Volunteers
20

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
$110,547
Total Directors
16
$69,815
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLIE WEAVER EXECUTIVE DIRECTOR & GENERAL MANAGER 40.00
Officer
$102,054 $0 $102,054
GRAHAM PETERSON BUSINESS OPERATIONS OFFICER 30.00
Director
$22,550 $0 $22,550
WILLIAM CONROY DIRECTOR/ACCOUNTING CONSULTANT 0.50
Director
$20,363 $0 $20,363
ALEX STEIL EDITOR-IN-CHIEF THROUGH APRIL 30.00
Director
$18,409 $0 $18,409
SPENCER WHITE EDITOR-IN-CHIEF BEGINNING MAY 30.00
Officer Director
$4,305 $0 $4,305
DESTANEE ULRICH BUSINESS OPERATIONS OFFICER BEG' MAY 30.00
Officer Director
$4,188 $0 $4,188
BRADY GERVAIS BOARD CHAIR 0.50
Officer Director
$0 $0 $0
ERIK BOHNHOFF SECRETARY 0.50
Officer Director
$0 $0 $0
RANCE RAND TREASURER 1.00
Officer Director
$0 $0 $0
KENT ERDAHL DIRECTOR 0.50
Director
$0 $0 $0
DREW GERAETS DIRECTOR 0.50
Director
$0 $0 $0
ELI MATTISON DIRECTOR 0.50
Director
$0 $0 $0
REGINA MCCOMBS DIRECTOR 0.50
Director
$0 $0 $0
SETH RICHARDSON DIRECTOR 0.50
Director
$0 $0 $0
KENDRE TURONIE DIRECTOR/OFFICE OF STUDENT AFFAIRS LIAISON 0.50
Director
$0 $0 $0
AMANE ETEFA STUDENT DIRECTOR 0.50
Director
$0 $0 $0
MUNEEB B HAFEEZ STUDENT DIRECTOR 0.50
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
2024 $1,290,801 $1,323,822 $1,063,137 $-33,021
2023 $1,055,494 $1,124,735 $1,021,846 $-69,241
2022 $1,092,149 $1,030,758 $985,054 $61,391
2021 $1,318,573 $962,854 $1,094,775 $355,719
2020 $1,058,607 $1,174,162 $812,509 $-115,555
2019 $1,167,608 $1,185,221 $781,832 $-17,613
2018 $1,184,522 $1,151,329 $803,462 $33,193
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