RITECARE OF MINNEAPOLIS-ST PAUL INC

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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

2003

Legal Domicile

Principal Officer

DAN FLICEK

Phone

6125849803

Tax Period

2024-07-01 to 2025-06-30

RITECARE OF MINNEAPOLIS-ST PAUL INC, founded in 2003, is a small nonprofit in the Education sector that reported $180K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $34K, a strong 19% operating margin.

Mission

ENDEAVOR TO GIVE CHILDREN WITH SPEECH AND LANGUAGE DISORDERS THE OPPORTUNITY TO REACH THEIR FULL POTENTIAL BY PROVIDING FINANCIAL GRANTS FOR TREATMENT.

Program Service Accomplishments

Program 1

Expenses: $123,795

FINANICAL GRANTS PROVIDED FOR PRIVATE SPEECH THERAPY SERVICES IN WHICH RITECARE WILL PAY COSTS NOT COVERED BY INSURANCE COMPANIES WITH GRANTS OF UP TO $7,500 PER CHILD FOR TWO YEARS OF SPEECH...

FINANICAL GRANTS PROVIDED FOR PRIVATE SPEECH THERAPY SERVICES IN WHICH RITECARE WILL PAY COSTS NOT COVERED BY INSURANCE COMPANIES WITH GRANTS OF UP TO $7,500 PER CHILD FOR TWO YEARS OF SPEECH THERAPY. RITECARE MAKES THE DISBURSEMENTS TO THE PROVIDERS AS SERVICES ARE PERFORMED. GRANTS WERE GIVEN TO 100 CHILDREN THIS YEAR. THERAPY WAS PROVIDED BY APPROXIMATELY 25 DIFFERENT THERAPY PROVIDERS.

Program 2

N/A

Program 3

N/A

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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 (2024)

Revenue Breakdown

Contributions & Grants $112,085

Program Service Revenue $0

Investment Income $12,747

Other Revenue $54,816

TOTAL REVENUE $179,648

Expense Breakdown

Grants Paid $100,990

Salaries & Benefits $0

Fundraising Expenses $4,502

Program Expenses $123,795

Other Expenses $44,466

TOTAL EXPENSES $145,456

Year-over-Year Comparison

	2024	2023	Change
Revenue	$179,648	$216,870	-0.2%
Expenses	$145,456	$175,760	-0.2%
Net Income	$34,192	$41,110	-0.2%

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

Total Directors

$29,724

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAWN HUNTER	PRESIDENT	5.00	Officer Director	$0	$0	$0
ROGER SCHMID	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
STEVE STROMSNESS	SECRETARY	1.00	Officer Director	$0	$0	$0
DAN FLICEK	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN ANTL	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS LEVENDUSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANKLIN GROVES	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON LANG	BOARD MEMBER	1.00	Director	$0	$0	$0
PEG OLIVER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS POSEL	BOARD MEMBER	1.00	Director	$0	$0	$0
DON NOLLEY	BOARD MEMBER THRU DECEMBER/ADMINISTRATOR	25.00	Director	$29,724	$0	$29,724

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	$179,648	$145,456	$865,761	$34,192
2024	$216,870	$175,760	$786,126	$41,110
2023	$170,047	$236,255	$711,536	$-66,208
2022	$156,124	$186,276	$752,790	$-30,152
2021	$238,734	$191,927	$876,035	$46,807
2020	$478,215	$189,052	$746,312	$289,163
2019	$173,289	$167,994	$456,629	$5,295
2018	$170,810	$146,545	$470,633	$24,265