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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Employees Minnesota Business Finance Corporation Nadene Kruize

Nadene Kruize

Officer

President and Chief Executive Officer at Minnesota Business Finance Corporation

Fiscal year ended September 30, 2024. Published on January 25, 2026.

$303,728
2024

Total compensation

Nadene Kruize has been listed as an employee of Minnesota Business Finance Corporation in Form 990 filings since fiscal year 2017. Total compensation for Nadene Kruize has increased by 54.1% from 2017 to 2024.

Annual compensation details

$303,728
-2.4%
President and Chief Executive Officer
2024
$260k org
40 hrs/wk
$45k other
--
$311,217
President and Chief Executive Officer
2023
$266k org
40 hrs/wk
$46k other
--

Total compensation by year

Compare the compensation of Nadene Kruize to:

2024

Other employees at Minnesota Business Finance Corporation

Thomas Saehr
Former President and Ceo/Boa
$380,146
$351,007 from orgNo related comp$29,139 other
Joseph Kammermeier
Vice President Business DE
$192,298
$158,090 from orgNo related comp$34,208 other
Terry Stein
Vice President Business DE
$185,231
$149,591 from orgNo related comp$35,640 other
Michael Stearns
Vice President Business DE
$176,981
$137,757 from orgNo related comp$39,224 other
Jennifer Fitzpatrick
Vice President LOAN Portf
$144,291
$113,322 from orgNo related comp$30,969 other
Sarah Borgman
Chief Credit Officer
$126,006
$101,919 from orgNo related comp$24,087 other
Maurice Durheim
Chair
$7,200
$7,200 from orgNo related compNo other comp
Bob Palmquist
Treasurer
$4,800
$4,800 from orgNo related compNo other comp
Carol Anderson
Vice Chair
$4,800
$4,800 from orgNo related compNo other comp
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Revisions to this profile

January 25, 2026:
2024 Minnesota Business Finance Corporation 990 published
January 25, 2026:
2023 Minnesota Business Finance Corporation 990 published
January 24, 2026:
2018 Minnesota Business Finance Corporation 990 published

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