NEW ULM, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW ULM BUSINESS RESOURCE AND INNOVATION CENTER INC, founded in 1995, is a micro nonprofit that reported $76K in total revenue in fiscal year 2024. Expenses of $193K exceeded revenue, resulting in a 155% operating deficit.
TO ACT AS A CATALYST FOR PROMOTION OF THE ECONOMIC WELL-BEING OF NEW ULM, MINNESOTA.
IN 2024, THE ORGANIZATION CONTINUED ITS PURSUIT OF SUPPORTING ECONOMIC DEVELOPMENT IN NEW ULM, MINNESOTA. THE ORGANIZATION CONTINUED TO EDUCATE THE COMMUNITY ON THE VARIOUS FACETS OF ECONOMIC...
IN 2024, THE ORGANIZATION CONTINUED ITS PURSUIT OF SUPPORTING ECONOMIC DEVELOPMENT IN NEW ULM, MINNESOTA. THE ORGANIZATION CONTINUED TO EDUCATE THE COMMUNITY ON THE VARIOUS FACETS OF ECONOMIC DEVELOPMENT AND OPPURTUNITIES THAT EXIST, INCLUDING A CONTINUED RELATIONSHIP WITH THE CTE CENTER AT ISD #88, WHICH WAS FUNDED IN 2021 AS A WAY TO PROVIDE CURRENT STUDENTS TRAINING FOR JOBS REQUIRING TECHNICAL CERTIFICATION AS ANOTHER WAY TO IMPROVE ECONOMIC DEVELOPMENT BY INCREASING NEEDED WORKFORCE SKILLS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $75,985 | $-32,356 | -3.3% |
| Expenses | $193,402 | $38,391 | +4.0% |
| Net Income | $-117,417 | $-70,747 | +0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TIM KNAAK | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| SHANNON HILLESHEIM | VICE PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MIKE LIEB | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRIS BOWLER | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JACE MARTI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| REBECCA DEMARAIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK DENN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MOJRA HAUENSTEIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $75,985 | $193,402 | $718,612 | $-117,417 |
| 2023 | $-32,356 | $38,391 | $836,029 | $-70,747 |
| 2022 | $-38,317 | $87,315 | $946,954 | $-125,632 |
| 2021 | $-5,845 | $764,735 | $1,052,090 | $-770,580 |
| 2020 | $69,955 | $89,180 | $1,822,670 | $-19,225 |
| 2019 | $37,651 | $26,172 | $1,932,051 | $11,479 |
| 2018 | $41,896 | $85,548 | $1,851,585 | $-43,652 |
Compare NEW ULM BUSINESS RESOURCE AND INNOVATION CENTER INC with other nonprofits in Minnesota and across the country.