MASTERWORKS OF MINNEAPOLIS INC (EIN 411710776) - 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

1992

Legal Domicile

Principal Officer

JEFFREY SPRINKEL

Phone

6127063223

Tax Period

2024-01-01 to 2024-12-31

MASTERWORKS OF MINNEAPOLIS INC, founded in 1992, is a community nonprofit in the Employment sector that reported $1.2M in total revenue in fiscal year 2024.

Mission

PROVISION OF ECONOMIC SELF-SUFFICIENCY AND LIFE DEVELOPMENT SKILLS TO PEOPLE WITH BARRIERS TO EMPLOYMENT IN THE INNER-CITY OF MINNEAPOLIS THROUGH EMPLOYMENT AT COMPETITIVE WAGES AND INSTRUCTION, THEREBY REDUCING THE CYCLE OF DEPENDENCY ALL WHILE EVANGELIZING THEM IN THE LIFE CHANGING REALITIES OF JESUS CHRIST.

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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 $1,242,230

Program Service Revenue $0

Investment Income $132

Other Revenue $10

TOTAL REVENUE $1,242,372

Expense Breakdown

Grants Paid $115,113

Salaries & Benefits $790,901

Fundraising Expenses $7,766

Program Expenses $1,148,786

Other Expenses $423,340

TOTAL EXPENSES $1,329,354

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,242,372	$1,188,661	+0.0%
Expenses	$1,329,354	$1,249,233	+0.1%
Net Income	$-86,982	$-60,572	+0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE ANDERSON	TREASURER	2.00	Director	$0	$0	$0
EDUARDO DOMENZAIN	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY SPRINKEL	CHAIRPERSON	2.00	Director	$0	$0	$0
STEVE VRANYES	DIRECTOR	2.00	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	$1,242,372	$1,329,354	$405,099	$-86,982
2023	$1,188,661	$1,249,233	$502,095	$-60,572
2022	$830,095	$892,900	$555,530	$-62,805
2021	$1,003,735	$789,222	$557,959	$214,513
2020	$729,490	$700,740	$348,938	$28,750
2019	$651,028	$593,250	$341,051	$57,778
2018	$581,607	$529,814	$258,905	$51,793

MASTERWORKS OF MINNEAPOLIS INC