MINNESOTA FIREARMS ASSOCIATION

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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

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

Program Service Accomplishments

Program 1

Expenses: $327,160

WE HAVE EFFECTIVELY ADVOCATED FOR THE SECOND AMENDMENT RIGHTS OF ALL MINNESOTA RESIDENTS.

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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 (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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

$72,000

Key Employees

Highest Compensated

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