MINNESOTA STATE BAR FOUNDATION

EIN: 416023581 501(c)(3) Crime & Legal

MINNEAPOLIS, MN

Total Revenue
$176,038
Total Expenses
$255,326
Total Assets
$1,733,195
Net Assets
$1,649,855
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
MN
Principal Officer
CHERYL DALBY
Phone
6123331183
Tax Period
2024-07-01 to 2025-06-30

MINNESOTA STATE BAR FOUNDATION, founded in 1974, is a small nonprofit in the Crime & Legal sector that reported $176K in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $255K exceeded revenue, resulting in a 45% operating deficit.

Mission

TO MOBILIZE LEGAL COMMUNITY PHILANTHROPY TO ACHIEVE ACCESS TO JUSTICE FOR ALL MINNESOTANS

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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 $62,225
Program Service Revenue $0
Investment Income $113,813
Other Revenue $0
TOTAL REVENUE $176,038

Expense Breakdown

Grants Paid $197,746
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $197,746
Other Expenses $57,580
TOTAL EXPENSES $255,326

Year-over-Year Comparison

2024 2023 Change
Revenue $176,038 $554,693 -0.7%
Expenses $255,326 $200,070 +0.3%
Net Income $-79,288 $354,623 -1.2%
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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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

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
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LANDON ASCHEMAN CHAIR 1.00
Officer Director
$0 $0 $0
ANGELA BRANDT VICE CHAIR 1.00
Officer Director
$0 $0 $0
MAYA MISSAGHI SECRETARY 1.00
Officer Director
$0 $0 $0
BRANDON SCHWARTZ TREASURER 1.00
Officer Director
$0 $0 $0
KENYA BODDEN BOARD MEMBER 1.00
Director
$0 $0 $0
GREGER CALHAN BOARD MEMBER 1.00
Director
$0 $0 $0
KELLEN FISH BOARD MEMBER 1.00
Director
$0 $0 $0
SANDER GOLDTHWAIT BOARD MEMBER 1.00
Director
$0 $0 $0
MELISSA KRASNOW BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL MILLER BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES RUBENSTEIN BOARD MEMBER 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
2025 $176,038 $255,326 $1,733,195 $-79,288
2024 $554,693 $200,070 $1,736,110 $354,623
2023 $206,160 $184,443 $1,639,209 $21,717
2022 $206,907 $262,205 $1,672,145 $-55,298
2021 $428,252 $702,346 $2,057,639 $-274,094
2020 $158,325 $129,706 $1,960,393 $28,619
2019 $179,758 $123,692 $1,951,781 $56,066
2018 $138,943 $121,196 $1,956,133 $17,747
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