MINNESOTA DIVERSIFIED INDUSTRIES INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$9,262,535
Program Services
77%
Other
9%
Investments
7%
Contributions
6%
Fundraising Events
1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$9,859,557
Salaries & Benefits
55%
Offices, Occupancy & IT
14%
Other
11%
Fees to Service Providers
10%
Advertising & Promotion
5%
Depreciation
4%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$554,219
$566,715
+2%
Government Grants
$0
$0
-
Fundraising Events
$109,440
$98,433
-10%
Program Services
$7,173,336
$7,105,936
-1%
Membership Dues
$0
$0
-
Investments
$595,727
$676,420
+14%
Other
$698,104
$815,031
+17%
Total Revenues
$9,130,826
$9,262,535
+1%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,910,622
$5,459,212
+11%
Fees to Service Providers
$1,149,332
$1,012,969
-12%
Advertising & Promotion
$445,868
$519,640
+17%
Offices, Occupancy & IT
$1,100,020
$1,358,601
+24%
Interest
$75,004
$63,471
-15%
Depreciation
$356,292
$367,871
+3%
Other
$716,728
$1,077,793
+50%
Total Expenses
$8,753,866
$9,859,557
+13%
Net income
2023
2024
Change
Net income
+$376,960
-$597,022
-258%
Functional Expenses
Summary
2023
2024
Change
Program
$1,970,966
$3,495,439
+77%
Admin
$6,517,646
$5,993,409
-8%
Fundraising
$265,254
$370,709
+40%
Total Expenses
$8,753,866
$9,859,557
+13%
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