TEAM ACADEMY

EIN: 201056964 501(c)(3) Education

WASECA, MN

Total Revenue
$2,067,221
Total Expenses
$2,089,739
Total Assets
$902,990
Net Assets
$-764,922
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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
2004
Legal Domicile
MN
Principal Officer
JILL COURTNEY
Phone
5078375149
Tax Period
2024-07-01 to 2025-06-30

TEAM ACADEMY, founded in 2004, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2024.

Mission

TO OPERATE AN ELEMENTARY PUBLIC CHARTER SCHOOL IN WASECA UNDER THE LAWS OF THE STATE OF MINNESOTA.

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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 $1,980,712
Program Service Revenue $85,757
Investment Income $752
Other Revenue $0
TOTAL REVENUE $2,067,221

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,524,364
Fundraising Expenses $0
Program Expenses $1,851,814
Other Expenses $565,375
TOTAL EXPENSES $2,089,739

Year-over-Year Comparison

2024 2023 Change
Revenue $2,067,221 $1,916,045 +0.1%
Expenses $2,089,739 $2,225,363 -0.1%
Net Income $-22,518 $-309,318 -0.9%
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
7
Independent Members
2
Employees
31
Volunteers
2

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
$269,401
Total Directors
7
$343,339
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JED KALBOW CHAIR 1.00
Officer Director
$0 $0 $0
JANEL SCHMIDT VICE CHAIR 40.00
Officer Director
$57,742 $23,991 $81,733
CHRISTINE HERING TREASURER 40.00
Officer Director
$60,311 $12,403 $72,714
JENNIFER BRITTAIN DIRECTOR 40.00
Director
$52,014 $20,650 $72,664
DENISE GILBERTSON DIRECTOR 40.00
Director
$49,571 $10,812 $60,383
SHERYL OSWEILER DIRECTOR 40.00
Director
$46,608 $9,237 $55,845
MONICA HERTZOG DIRECTOR 1.00
Director
$0 $0 $0
JILL COURTNEY EXECUTIVE DIRECTOR 40.00
Officer
$68,602 $46,352 $114,954
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 $2,067,221 $2,089,739 $902,990 $-22,518
2024 $1,916,045 $2,225,363 $1,190,863 $-309,318
2023 $1,802,156 $2,282,505 $1,582,819 $-480,349
2022 $2,393,876 $2,122,197 $1,901,436 $271,679
2021 $1,844,375 $1,939,333 $1,379,619 $-94,958
2020 $1,772,145 $2,010,439 $1,480,636 $-238,294
2019 $1,772,161 $1,475,410 $1,942,560 $296,751
2018 $1,813,024 $2,177,704 $2,360,940 $-364,680
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