LEADINGAGE MINNESOTA FOUNDATION (EIN 203879574) - Form 990 Financial Analysis & Trantor Score

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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

2005

Legal Domicile

Principal Officer

KARI THURLOW

Phone

6516454545

Tax Period

2023-01-01 to 2023-12-31

LEADINGAGE MINNESOTA FOUNDATION, founded in 2005, is a community nonprofit in the Human Services sector that reported $5.7M in total revenue in fiscal year 2023. Revenue surged 152% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.9M, a strong 68% operating margin.

Mission

SUPPORTS INITIATIVES DESIGNED TO TRANSFORM MODELS OF SERVICE DELIVERY TO SENIORS IN 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,337,718

Program Service Revenue $1,181,844

Investment Income $149,529

Other Revenue $633

TOTAL REVENUE $5,669,724

Expense Breakdown

Grants Paid $156,175

Salaries & Benefits $288,140

Fundraising Expenses $0

Program Expenses $1,629,671

Other Expenses $1,352,721

TOTAL EXPENSES $1,797,036

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,669,724	$2,252,639	+1.5%
Expenses	$1,797,036	$2,307,548	-0.2%
Net Income	$3,872,688	$-54,909	-71.5%

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

$329,841

Total Directors

$329,841

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
KARI THURLOW	PRESIDENT/CEO	Officer Director	$0	$68,817	$329,841
ROBERT M DAHL	CHAIR	Officer Director	$0	$0	$0
LINDSEY SAND	VICE CHAIR	Officer Director	$0	$0	$0
WAYNE OLSON	TREASURER	Officer Director	$0	$0	$0
JASON ANDERSON	DIRECTOR	Director	$0	$0	$0
MATT ANDERSON	DIRECTOR	Director	$0	$0	$0
JOEL PREVOST	DIRECTOR	Director	$0	$0	$0
GAYLE KVENVOLD	DIRECTOR	Director	$0	$0	$0
LORI MEYER	SR VP & COO	Highest	$0	$47,590	$243,893

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
2024	No data	No data	No data	No data
2023	$5,669,724	$1,797,036	$8,042,576	$3,872,688
2022	$2,252,639	$2,307,548	$4,069,076	$-54,909
2021	$1,994,135	$3,313,255	$4,416,842	$-1,319,120
2020	$1,518,891	$1,689,653	$5,572,492	$-170,762
2019	$2,918,002	$1,226,402	$5,507,300	$1,691,600
2018	$353,343	$1,183,611	$3,828,441	$-830,268

LEADINGAGE MINNESOTA FOUNDATION