MINNESOTA FIREARMS ASSOCIATION

EIN: 463263485 Public Safety

BLOOMINGTON, MN

Total Revenue
$376,589
Total Expenses
$375,668
Total Assets
$419,207
Net Assets
$414,458
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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
2013
Legal Domicile
MN
Tax Period
2023-01-01 to 2023-12-31

MINNESOTA FIREARMS ASSOCIATION, founded in 2013, is a small nonprofit in the Public Safety sector that reported $377K in total revenue in fiscal year 2023.

Mission

TO ADVOCATE FOR THE SECOND AMENDMENT RIGHTS OF THE RESIDENTS OF 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $376,572
Program Service Revenue $0
Investment Income $17
Other Revenue $0
TOTAL REVENUE $376,589

Expense Breakdown

Grants Paid $0
Salaries & Benefits $78,374
Fundraising Expenses $11,005
Program Expenses $327,160
Other Expenses $297,294
TOTAL EXPENSES $375,668

Year-over-Year Comparison

2023 2022 Change
Revenue $376,589 N/A N/A
Expenses $375,668 N/A N/A
Net Income $921 N/A N/A
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
4
Independent Members
4
Employees
1
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
2
$0
Total Directors
3
$72,000
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BEN DORR EXECUTIVE DIRECTOR 45.00
Director Highest
$72,000 $0 $72,000
CHRISTOPHER DORR PRESIDENT 10.00
Director
$0 $0 $0
DAN HAMM TREASURER 0.00
Officer Director
$0 $0 $0
STEVE HACKBARTH SECRETARY 0.00
Officer
$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 No data No data No data No data
2023 $376,589 $375,668 $419,207 $921
2022 $309,721 $307,347 $416,784 $2,374
2021 $390,029 $296,990 $411,793 $93,039
2020 $382,599 $290,962 $321,202 $91,637
2019 $395,758 $275,046 $222,169 $120,712
2018 $273,635 $184,525 $121,457 $89,110
2018 $253,635 $184,525 $101,457 $69,110
2017 $167,202 $149,147 $34,671 $18,055
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