MN350

EIN: 452754381 501(c)(3) Environment

MINNEAPOLIS, MN

Total Revenue
$718,496
Total Expenses
$1,151,365
Total Assets
$600,802
Net Assets
$555,345
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
MN
Principal Officer
SHEILA LAMB
Phone
6124405350
Tax Period
2024-01-01 to 2024-12-31

MN350, founded in 2014, is a small nonprofit in the Environment sector that reported $718K in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 60% operating deficit.

Mission

MN350 UNITES MINNESOTANS WITH THE GLOBAL MOVEMENT TO END THE POLLUTION DAMAGING OUR CLIMATE, SPEED THE TRANSITION TO CLEAN ENERGY, AND CREATE A JUST AND HEALTHY FUTURE FOR ALL.

Program Service Accomplishments

Program 1
Expenses: $774,775 Revenue: $103,950

IN 2024, MN350 HAD A DIRECTOR OF COMMUNITY IMPACT POSITION, MW, WHO STREAMLINED THE MANAGEMENT OF RUNNING PROGRAMS BY ADAPTING TO ITS ORGANIZATIONAL CULTURE. THIS YEAR PRESENTED NUMEROUS CHALLENGES...

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IN 2024, MN350 HAD A DIRECTOR OF COMMUNITY IMPACT POSITION, MW, WHO STREAMLINED THE MANAGEMENT OF RUNNING PROGRAMS BY ADAPTING TO ITS ORGANIZATIONAL CULTURE. THIS YEAR PRESENTED NUMEROUS CHALLENGES, INCLUDING CHANGES IN STAFF, SHIFTING PROGRAM PRIORITIES, LEADERSHIP TRANSITIONS, AND THE LOOMING THREAT OF FINANCIAL DIFFICULTIES THAT COULD IMPACT THE ORGANIZATION'S OPERATIONS. DESPITE THIS, THE ORGANIZERS QUICKLY EMBRACED NEW WORK PLANS, TACTICS, AND TOOLS TO ENHANCE FUTURE VOLUNTEER RECRUITMENT AND COMMUNITY ENGAGEMENT STRATEGIES.TO ENHANCE OUR HUD EXPANSION EFFORTS, WE PLAN TO EVALUATE OUR STRATEGIES TO ENSURE A SUCCESSFUL ROLLOUT IN EARLY 2025. ENGAGING WITH THE ROCHESTER COMMUNITY IS ESSENTIAL FOR ESTABLISHING AN OPERATIONAL HUB. OUR OBJECTIVE IS TO DEVELOP A COMPREHENSIVE STRATEGY FOR THE FIRST TWO QUARTERS, INCLUDING BUDGETING, KEY STAKEHOLDERS, AND TIMELINES, WHILE ACTIVELY INVOLVING MN350'S ROCHESTER VOLUNTEERS. EFFECTIVE DATA COLLECTION PRACTICES ARE CRUCIAL FOR DRIVING OUR ORGANIZATIONAL PROGRAMS AND CAMPAIGN INITIATIVES. TO FACILITATE THIS, WE WILL IMPLEMENT MANDATORY QUARTERLY INDEPENDENT CAMPAIGN STRATEGY SESSIONS FOR EACH ORGANIZER IN THE COMING YEAR, SETTING NEW EXPECTATIONS THAT FOSTER SUCCESSFUL CAMPAIGNS AND MEASURABLE OUTCOMES. CREATING BENCHMARKS, ESTABLISHING QUANTITATIVE GOALS, AND MAINTAINING REGULAR EVALUATION PRACTICES HAVE ALREADY YIELDED POSITIVE RESULTS FOR MN350. BY ENCOURAGING COLLABORATION AMONG PROGRAMS, WE AIM TO IDENTIFY A CENTRALIZED, TANGIBLE GOAL FOR MN350. BY ARTICULATING A SPECIFIC TARGET, WE CAN FOCUS OUR COLLECTIVE EFFORTS. WHETHER WE CONCENTRATE ON PROTECTING BOUNDARY WATERS, SERVING MINNESOTANS, OR PROMOTING HEALTH AND WELL-BEING, SELECTING A UNIFIED GOAL WILL BE OUR PRIORITY AS WE MOVE FORWARD. IN 2024, THE LEADERSHIP AND STAFF SUCCESSFULLY NEGOTIATED A NEW UNION CONTRACT, RESULTING IN THE STAFF'S UNIONIZATION.

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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 $591,841
Program Service Revenue $103,950
Investment Income $960
Other Revenue $21,745
TOTAL REVENUE $718,496

Expense Breakdown

Grants Paid $0
Salaries & Benefits $813,998
Fundraising Expenses $89,045
Program Expenses $774,775
Other Expenses $337,367
TOTAL EXPENSES $1,151,365

Year-over-Year Comparison

2024 2023 Change
Revenue $718,496 $1,149,806 -0.4%
Expenses $1,151,365 $1,354,345 -0.1%
Net Income $-432,869 $-204,539 +1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
17
Volunteers
357

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
$136,124
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHEILA LAMB PRESIDENT 1.00
Officer Director
$0 $0 $0
SARAH DRIEVER SECRETARY 0.50
Officer Director
$0 $0 $0
TARA HOUSKA VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
MALIAH-MAE PENNINGTON BOARD MEMBER 1.00
Director
$0 $0 $0
DARA TOPPING BOARD MEMBER 1.00
Director
$0 $0 $0
THERESA MCCLENTY EXECUTIVE DIRECTOR 40.00
Officer
$115,080 $21,044 $136,124
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 $718,496 $1,151,365 $600,802 $-432,869
2023 $1,149,806 $1,354,345 $1,036,221 $-204,539
2022 $1,441,218 $1,456,590 $1,240,328 $-15,372
2021 $2,842,783 $2,270,112 $1,735,029 $572,671
2020 $1,640,702 $1,144,709 $1,205,033 $495,993
2019 $1,165,694 $995,202 $540,503 $170,492
2018 $701,219 $824,251 $363,408 $-123,032
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