Bloomington Minnesota Travel & Tourism (EIN 411696432) - Form 990 Financial Analysis & Trantor Score

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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

1991

Legal Domicile

Principal Officer

Bonnie Carlson

Phone

9528588500

Tax Period

2024-01-01 to 2024-12-31

Bloomington Minnesota Travel & Tourism, founded in 1991, is a community nonprofit in the Community Improvement sector that reported $6.4M in total revenue in fiscal year 2024.

Mission

To enhance the overall Bloomington experience and contribute to the economic well-being of the city through leadership and innovation in the hospitality industry.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,878,181

Program Service Revenue $368,916

Investment Income $111,170

Other Revenue $0

TOTAL REVENUE $6,358,267

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,471,679

Fundraising Expenses $0

Program Expenses $5,292,446

Other Expenses $3,933,823

TOTAL EXPENSES $6,405,502

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,358,267	$6,058,251	+0.0%
Expenses	$6,405,502	$5,861,763	+0.1%
Net Income	$-47,235	$196,488	-1.2%

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

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

$392,184

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bonnie Carlson	President and CEO	40.00	Officer	$323,007	$69,177	$392,184
Dan O'Neill	VP of Strategy and Sales	40.00	Highest	$216,510	$52,992	$269,502
Jan Kroells	VP of Advertising	40.00	Highest	$214,759	$33,302	$248,061
Dave Mona	Chair	1.00	Officer Director	$0	$0	$0
Fay Beauchine	Vice Chair	1.00	Officer Director	$0	$0	$0
Jim Saccoman	Treasuer	1.00	Officer Director	$0	$0	$0
Dr Joyce Ester	Director	1.00	Director	$0	$0	$0
Dan Jasper	Director	1.00	Director	$0	$0	$0
Mitch Kilian	Director	1.00	Director	$0	$0	$0
Shane Christenson	Director	1.00	Director	$0	$0	$0
Shawn Nelson	Director	1.00	Director	$0	$0	$0
Alberto Abreu	Director	1.00	Director	$0	$0	$0
Mayor Tim Busse	Director	1.00	Director	$0	$0	$0
Jamie Verbrugge	Director	1.00	Director	$0	$0	$0
Kathy Tunhiem	Director	1.00	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	$6,358,267	$6,405,502	$8,243,791	$-47,235
2023	$6,058,251	$5,861,763	$8,622,425	$196,488
2022	$5,604,990	$4,693,311	$8,311,917	$911,679
2021	$4,284,977	$3,113,628	$3,565,266	$1,171,349
2020	$2,501,429	$3,544,514	$2,365,156	$-1,043,085
2019	$6,623,223	$6,619,237	$3,664,178	$3,986
2018	$6,579,077	$6,406,356	$3,633,447	$172,721

Bloomington Minnesota Travel & Tourism