RITECARE OF MINNEAPOLIS-ST PAUL INC

EIN: 200282125 501(c)(3) Education

MINNEAPOLIS, MN

Total Revenue
$179,648
Total Expenses
$145,456
Total Assets
$865,761
Net Assets
$840,470
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
MN
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.

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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 $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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
20

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
11
$29,724
Key Employees
0
$0
Highest Compensated
0
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
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