TEAM ACADEMY

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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

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.

Program Service Accomplishments

Program 1

Expenses: $1,851,814 Revenue: $3,324

TEAM ACADEMY PROVIDES AN EDUCATIONAL PROGRAM TO APPROXIMATELY 100 ELEMENTARY STUDENTS.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$269,401

Total Directors

$343,339

Key Employees

Highest Compensated

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