Financial Executives International… - Form 990 Financial Data

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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

2015

Legal Domicile

Principal Officer

Rachel Rice

Phone

6125121680

Tax Period

2023-07-01 to 2024-06-30

Financial Executives International Twin Cities Chapter Inc, founded in 2015, is a small nonprofit that reported $371K in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $63K, a strong 17% operating margin.

Mission

FEI's mission is to advance the success of senior-level financial executives, their organizations, and the profession. Since 1931, FEI has been connecting members through 1) Interaction - providing local and international forums for connecting you with your peers; 2) Information - providing you with insight to assist in informed business decisions; 3) Influence - providing authoritative representation for your interests; and 4) Integrity - providing the tools to advance the professional through ethical leadership.

Program Service Accomplishments

Program 1

Grants were issued to support the business community including one grant of $8,700 to Financial Executive Research Foundation (FERF), the research affiliate for Financial Executives International.

Program 2

The organization provides membership benefit programs and monthly meetings featuring well known speakers with information distributed via email. Each meeting is attended by 35-150 members and guests.

Program 3

The organization also provides professional education and development sessions sponsored by the chapter. Each session attended by 40-50 members.

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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 $255,000

Program Service Revenue $115,634

Investment Income $0

Other Revenue $0

TOTAL REVENUE $370,634

Expense Breakdown

Grants Paid $8,700

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $298,835

TOTAL EXPENSES $307,535

Year-over-Year Comparison

	2023	2022	Change
Revenue	$370,634	$220,900	+0.7%
Expenses	$307,535	$309,143	0.0%
Net Income	$63,099	$-88,243	-1.7%

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

N/A

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

$129,885

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brad Pappas	Executive Director	40.00	Officer	$129,885	$0	$129,885
Rachel Rice	President	15.00	Officer Director	$0	$0	$0
Melissa White	Treasurer	10.00	Officer Director	$0	$0	$0
Jay Trumbower	Secretary	10.00	Officer Director	$0	$0	$0
Brian Volkmann	Immediate Past President	10.00	Officer Director	$0	$0	$0
George Boyadjis	VP Membership	10.00	Officer Director	$0	$0	$0
Gary Perkins	VP Board Development	10.00	Officer Director	$0	$0	$0
Judy Wright	VP DEI	10.00	Officer Director	$0	$0	$0
Tom Neitzke	VP Strategic Partnerships (July-Feb)	10.00	Officer Director	$0	$0	$0
Mark Fandrich	VP Strategic Partnerships (Mar-Jun)	10.00	Officer Director	$0	$0	$0
Anita Moulton-Past President	Board Governance	10.00	Officer Director	$0	$0	$0
Joe Clements	Strategic Plan Initiatves	10.00	Director	$0	$0	$0
Lexi Wikenheiser	Programs Co-Chair	10.00	Director	$0	$0	$0
Jill Nussbaum	Programs & Professional Development	10.00	Director	$0	$0	$0
Dave RustMembership	Recruitment Co-Chair (July-Mar)	10.00	Director	$0	$0	$0
Valbona Bushi	Membership Engagement Chair	10.00	Director	$0	$0	$0
David Rynders	Marketing & Communications Chair	10.00	Director	$0	$0	$0
Shayne Wilwert	Trusted Peer Groups Chair	10.00	Director	$0	$0	$0
Deb Weston	Membership Recruitment Co-Chair	10.00	Director	$0	$0	$0
Sabrina Johnson	DEI Chair	10.00	Director	$0	$0	$0
Eric Mitchellette	Career Services Chair	10.00	Director	$0	$0	$0
David Moe	Corp Membership Chair	10.00	Director	$0	$0	$0
Andre Creighton	Financial Literacy Initiative Chair	10.00	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	No data	No data	No data	No data
2024	$370,634	$307,535	$585,876	$63,099
2023	$220,900	$309,143	$334,626	$-88,243
2022	$286,486	$250,281	$432,547	$36,205
2021	$233,361	$225,907	$373,476	$7,454
2020	$266,044	$244,713	$325,147	$21,331
2019	$295,924	$327,416	$297,294	$-31,492
2018	$280,897	$273,934	$321,029	$6,963

Financial Executives International Twin Cities Chapter Inc