MINNESOTA SPORTS AND EVENTS

EIN: 851580569 Community Improvement

BLOOMINGTON, MN

Total Revenue
$13,731,897
Total Expenses
$11,115,233
Total Assets
$5,559,240
Net Assets
$2,273,521
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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
2020
Legal Domicile
MN
Principal Officer
WENDY BLACKSHAW
Phone
6128169771
Tax Period
2024-01-01 to 2024-12-31

MINNESOTA SPORTS AND EVENTS, founded in 2020, is a mid-sized nonprofit in the Community Improvement sector that reported $13.7M in total revenue in fiscal year 2024. Revenue surged 810% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 19% operating margin.

Mission

TO DRIVE ECONOMIC BENEFIT AND SUPPORT MEANINGFUL COMMUNITY ENGAGEMENT IN THE BLOOMINGTON, MINNEAPOLIS AND ST. PAUL REGIONAL AREA BY ATTRACTING AND MANAGING WORLD CLASS SPORTING EVENTS.

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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 $240,500
Program Service Revenue $13,275,074
Investment Income $216,323
Other Revenue $0
TOTAL REVENUE $13,731,897

Expense Breakdown

Grants Paid $0
Salaries & Benefits $730,970
Fundraising Expenses $0
Other Expenses $10,384,263
TOTAL EXPENSES $11,115,233

Year-over-Year Comparison

2024 2023 Change
Revenue $13,731,897 $1,509,595 +8.1%
Expenses $11,115,233 $2,534,343 +3.4%
Net Income $2,616,664 $-1,024,748 -3.6%
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
20
Independent Members
20
Employees
11
Volunteers
200

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
27
$0
Key Employees
2
$417,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BONNIE CARLSON CO CHAIR 1.00
Officer Director
$0 $0 $0
DAVE ST PETER CO CHAIR 1.00
Officer Director
$0 $0 $0
DOUG CARNIVAL SECRETARY 1.00
Officer Director
$0 $0 $0
JILL RENSLOW TREASURER 1.00
Officer Director
$0 $0 $0
WENDY BLACKSHAW PRESIDENT, C 40.00
Key Emp
$236,850 $3,150 $240,000
MATTHEW MEUNIER DIRECTOR 40.00
Key Emp
$175,000 $2,000 $177,000
LAYSHA WARD BOARD MEMBER 1.00
Director
$0 $0 $0
LESTER BAGLEY BOARD MEMBER 1.00
Director
$0 $0 $0
MELVIN TENNANT BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHANIE ALBERT BOARD MEMBER 1.00
Director
$0 $0 $0
PHIL ANDERSON BOARD MEMBER 1.00
Director
$0 $0 $0
SHARI BALLARD BOARD MEMBER 1.00
Director
$0 $0 $0
ETHAN CASSON BOARD MEMBER 1.00
Director
$0 $0 $0
DUSTY CLEMENTS BOARD MEMBER 1.00
Director
$0 $0 $0
JENA COGSWELL BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF DAVIDMAN BOARD MEMBER 1.00
Director
$0 $0 $0
PETER DIESSNER BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN DRUM BOARD MEMBER 1.00
Director
$0 $0 $0
JAIMEE HENDRICKSON BOARD MEMBER 1.00
Director
$0 $0 $0
CARRIE HIGGS BOARD MEMBER 1.00
Director
$0 $0 $0
WADE LUNEBURG BOARD MEMBER 1.00
Director
$0 $0 $0
MATT MAJKA BOARD MEMBER 1.00
Director
$0 $0 $0
LAURIE MARSH BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN MARSHALL BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREA MOKROS BOARD MEMBER 1.00
Director
$0 $0 $0
AMY RAHJA BOARD MEMBER 1.00
Director
$0 $0 $0
PETER VANOVERBEKE BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID YBARRA BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL VEKICH 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
2024 $13,731,897 $11,115,233 $5,559,240 $2,616,664
2023 $1,509,595 $2,534,343 $9,214,980 $-1,024,748
2022 $4,248,961 $2,846,063 $1,075,980 $1,402,898
2021 $195,000 $892,136 $1,491,544 $-697,136
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