NEW ULM BUSINESS RESOURCE AND INNOVATION CENTER INC (EIN 411826572) - 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

1995

Legal Domicile

Principal Officer

MIKE LIEB

Phone

7757715280

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

TO ACT AS A CATALYST FOR PROMOTION OF THE ECONOMIC WELL-BEING OF NEW ULM, MINNESOTA.

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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 $55,790

Program Service Revenue $0

Investment Income $20,195

Other Revenue $0

TOTAL REVENUE $75,985

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,937

Fundraising Expenses $0

Program Expenses $170,548

Other Expenses $99,465

TOTAL EXPENSES $193,402

Year-over-Year Comparison

	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%

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
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

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	$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

NEW ULM BUSINESS RESOURCE AND INNOVATION CENTER INC