MINNESOTA INDEPENDENT INSURANCE AGENTS & BROKERS

EIN: 411757272

MINNETONKA, MN

Total Revenue
$1,458,740
Total Expenses
$1,400,708
Total Assets
$1,778,835
Net Assets
$1,364,331
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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
1993
Legal Domicile
MN
Principal Officer
JEAN E SUNDLOF
Phone
7632356460
Tax Period
2024-09-01 to 2025-08-31

MINNESOTA INDEPENDENT INSURANCE AGENTS & BROKERS, founded in 1993, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 4% surplus.

Mission

TO PROVIDE EDUCATIONAL SEMINARS, LOBBYING ON BEHALF OF THE INDUSTRY, INDUSTRY RELATED PERIODICALS, AND GENERAL COUNCIL SERVICES.THE OBJECTIVES OF THE ORGANIZATION ARE: TO PROMOTE AND MAINTAIN HIGH STANDARDS OF PROFESSIONAL COMPETENCE AMONG MEMBERS, TO PROMOTE PUBLIC UNDERSTANDING OF THE PROFESSION AND CREATE A FAVORABLE ENVIRONMENT, AND PROVIDE MEMBERS WITH SERVICES AND BENEFITS.

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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 $802,990
Program Service Revenue $655,748
Investment Income $2
Other Revenue $0
TOTAL REVENUE $1,458,740

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,400,708
TOTAL EXPENSES $1,400,708

Year-over-Year Comparison

2024 2023 Change
Revenue $1,458,740 $1,317,429 +0.1%
Expenses $1,400,708 $1,149,527 +0.2%
Net Income $58,032 $167,902 -0.7%
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
10
Independent Members
10
Employees
N/A
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
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHAD BJUGAN STATE NATIONAL DIRECTOR 0.00
Director
$0 $0 $0
JACOB OLINGER PAST PRESIDENT 0.00
Officer Director
$0 $0 $0
JEAN SUNDLOF PRESIDENT 0.00
Officer Director
$0 $0 $0
GRANT WILSON PRESIDENT-ELECT 0.00
Officer Director
$0 $0 $0
ANDRIA NORDICK DIRECTOR 0.00
Director
$0 $0 $0
MATTHEW MCKENNY VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
MATTHEW BAUER DIRECTOR 0.00
Director
$0 $0 $0
ABBY JIRAK DIRECTOR 0.00
Director
$0 $0 $0
BILL BUTLER DIRECTOR 0.00
Director
$0 $0 $0
MELISSA SCHULTZ DIRECTOR 0.00
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
2025 $1,458,740 $1,400,708 $1,778,835 $58,032
2024 $1,317,429 $1,149,527 $1,797,745 $167,902
2023 $1,301,552 $1,305,776 $1,652,080 $-4,224
2022 $1,428,354 $1,359,084 $1,723,856 $69,270
2021 $1,487,185 $1,513,090 $1,530,822 $-25,905
2020 $1,396,548 $1,370,312 $1,658,028 $26,236
2019 $1,471,984 $1,391,386 $1,661,179 $80,598
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