DOWNTOWN MINNEAPOLIS TRANSPORTATIO… - Form 990 Financial Data

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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

MIKE LOGAN

Phone

6123709100

Tax Period

2023-01-01 to 2023-12-31

DOWNTOWN MINNEAPOLIS TRANSPORTATION MANAGEMENT ORGANIZATION, founded in 1992, is a small nonprofit that reported $546K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION ADVOCATES FOR AND PROMOTES A SUSTAINABLE TRANSIT AND TRANSPORTATION SYSTEM THAT SUPPORTS A VITAL AND GROWING DOWNTOWN MINNEAPOLIS.

Program Service Accomplishments

Program 1

Expenses: $522,914 Revenue: $546,327

IN 2023, THE DOWNTOWN MINNEAPOLIS TRANSPORTATION MANAGEMENT ORGANIZATION (DOING BUSINESS AS MOVE MINNEAPOLIS) CONTINUED TO FULFILL ITS MISSION BY PROMOTING MULTIMODAL TRANSPORTATION AS AN ALTERNATIVE TO DRIVE-ALONE COMMUTING FOR EMPLOYERS AND EMPLOYEES IN THE DOWNTOWN MINNEAPOLIS AREA. MOVE MINNEAPOLIS CONDUCTED OUTREACH TO EMPLOYERS AND OFFERED SERVICES INCLUDING EMPLOYEE MULTIMODAL TRIP PLANNING, EMPLOYEE ENGAGEMENT OPPORTUNITIES, METRO PASS WORKPLACE TRANSIT PASS TRAINING AND EDUCATIONAL WEBINARS AND EVENTS FEATURING IN-DEPTH OPPORTUNITIES TO LEARN ABOUT THE LATEST TOPICS IN SUSTAINABLE TRANSPORTATION. MOVE MINNEAPOLIS ALSO LED EFFORTS TO COLLABORATE WITH OTHER REGIONAL TRANSPORTATION MANAGEMENT ORGANIZATIONS AND COMMUNITY ORGANIZATIONS ON EVENTS AND PROGRAMMING THAT EXPLORE EQUITY ISSUES IN TRANSPORTATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $546,327

Investment Income $0

Other Revenue $0

TOTAL REVENUE $546,327

Expense Breakdown

Grants Paid $0

Salaries & Benefits $433,534

Fundraising Expenses $0

Program Expenses $522,914

Other Expenses $154,300

TOTAL EXPENSES $587,834

Year-over-Year Comparison

	2023	2022	Change
Revenue	$546,327	$477,659	+0.1%
Expenses	$587,834	$538,715	+0.1%
Net Income	$-41,507	$-61,056	-0.3%

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

N/A

Volunteers

100

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

$277,734

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASSIE NELSON	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
RAVI NORMAN	PAST CHAIR	0.50	Officer Director	$0	$0	$0
DAVID PRINCE	TREASURER	1.00	Officer Director	$0	$0	$0
ANDY GREY	DIRECTOR	0.50	Director	$0	$0	$0
BREANNA SCHAFER	DIRECTOR	0.50	Director	$0	$0	$0
BUFFIE BLESI	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER FERGUSON	DIRECTOR	0.50	Director	$0	$0	$0
CORY HOEPPNER	DIRECTOR	0.50	Director	$0	$0	$0
DARREL GERMAN	DIRECTOR	0.50	Director	$0	$0	$0
HEIDI JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
HEIDI LARSON	DIRECTOR	0.50	Director	$0	$0	$0
STEVE SILTON	DIRECTOR	0.50	Director	$0	$0	$0
ALEX CECCHINI	DIRECTOR	0.50	Director	$0	$0	$0
JONATHAN WEINHAGEN	FORMER PRESIDENT/CEO	1.00	Officer	$0	$43,173	$277,734

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	No data	No data	No data	No data
2023	$546,327	$587,834	$269,429	$-41,507
2022	$477,659	$538,715	$267,197	$-61,056
2021	$509,033	$406,667	$362,523	$102,366
2020	$551,021	$498,786	$258,454	$52,235
2019	$487,819	$413,215	$215,384	$74,604
2018	$415,310	$405,366	$98,748	$9,944

DOWNTOWN MINNEAPOLIS TRANSPORTATION MANAGEMENT ORGANIZATION