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MINNESOTA BUSINESS FINANCE CORPORATION
MINNESOTA BUSINESS FINANCE CORPORATION
MN · Community Development · EIN 411846655
28
Executives Disclosed
$4.3M
Annual Revenue
$7.2M
Total Assets
1.8:1
Internal Pay Ratio
MINNESOTA BUSINESS FINANCE CORPORATION has 28 executives with disclosed compensation. The highest-paid executive, Thomas Saehr (BOARD MEMBER), received peak total compensation of $321,176. The sector average for Community Development executives is $172K.
Top Executive Compensation Over Time
Executive Compensation
| Name | Title | Peak Comp. | Latest Comp. | Years | vs. Household |
|---|---|---|---|---|---|
| Thomas Saehr | BOARD MEMBER | $321K | $321K | 2016–2022 | 4.3x |
| Nadine Kruse | SENIOR VICE PRESIDENT | $279K | $279K | 2016–2022 | 3.7x |
| Nadine Kruize | SENIOR VICE PRESIDENT | $224K | $224K | 2019–2019 | 3x |
| Nadene Kruize | SENIOR VICE PRESIDENT | $205K | $205K | 2017–2018 | 2.7x |
| Joseph Kammermeier | VICE PRESIDENT BUSINESS DE | $177K | $177K | 2016–2022 | 2.4x |
| Michelle Mueller | VICE PRESIDENT BUSINESS DE | $177K | $177K | 2016–2022 | 2.4x |
| Terry Stein | VICE PRESIDENT BUSINESS DE | $171K | $171K | 2016–2022 | 2.3x |
| Michael Stearns | VICE PRESIDENT BUSINESS DE | $169K | $169K | 2019–2022 | 2.2x |
| Charles Nordquist | VICE PRESIDENT BUSINESS DEVELOPMENT | $138K | $0 | 2016–2017 | 1.8x |
| Carol Anderson | VICE CHAIR | $7K | $0 | 2016–2022 | 0.1x |
| Jason Murray | CHAIRPERSON | $7K | $0 | 2016–2020 | 0.1x |
| Mark Haug | CHAIRMAN | $7K | $0 | 2016–2017 | 0.1x |
| Maurice Durheim | CHAIRMAN | $7K | $0 | 2019–2022 | 0.1x |
| Thomas Lambrecht | BOARD MEMBER | $6K | $0 | 2016–2019 | 0.1x |
| Bob Palmquist | TREASURER | $5K | $0 | 2020–2022 | 0.1x |
| Dale Umlauf | SECRETARY | $5K | $0 | 2017–2022 | 0.1x |
| Dusten Johnson | TREASURER | $5K | $0 | 2018–2020 | 0.1x |
| Dustin Johnson | BOARD MEMBER | $5K | $0 | 2022–2022 | 0.1x |
| Gordon Winzenburg | BOARD MEMBER | $5K | $0 | 2016–2022 | 0.1x |
| Marty Mixell | SECRETARY | $5K | $0 | 2016–2020 | 0.1x |
| Dan Nygaard | BOARD MEMBER | $4K | $0 | 2022–2022 | 0x |
| James Vrchota | BOARD MEMBER | $4K | $0 | 2016–2022 | 0x |
| John Herges | BOARD MEMBER | $4K | $0 | 2016–2020 | 0x |
| Mark Schik | BOARD MEMBER | $4K | $0 | 2022–2022 | 0x |
| Nancy Hoffman | BOARD MEMBER | $4K | $0 | 2022–2022 | 0x |
| Roger Hamiltion | BOARD MEMBER | $4K | $0 | 2016–2016 | 0x |
| Roger Hamilton | BOARD MEMBER | $4K | $0 | 2017–2018 | 0x |
| John Elden | BOARD MEMBER | $3K | $0 | 2016–2016 | 0x |
Annual Summary
| Year | Executives | Avg. Comp. | Highest Comp. | Total Payroll |
|---|---|---|---|---|
| 2016 | 16 | $228K | $259K | $455K |
| 2017 | 16 | $223K | $250K | $447K |
| 2018 | 15 | $231K | $256K | $461K |
| 2019 | 16 | $243K | $261K | $485K |
| 2020 | 16 | $203K | $272K | $812K |
| 2022 | 16 | $216K | $321K | $1.3M |
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