EMERGE ENTERPRISES INC

EIN: 237098388 501(c)(3) Employment

MINNEAPOLIS, MN

Total Revenue
$2,843,044
Total Expenses
$2,127,794
Total Assets
$6,409,234
Net Assets
$4,690,949
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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
1982
Legal Domicile
MN
Principal Officer
MICHAEL WYNNE
Phone
6127873796
Tax Period
2024-01-01 to 2024-12-31

EMERGE ENTERPRISES INC, founded in 1982, is a community nonprofit in the Employment sector that reported $2.8M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $715K, a strong 25% operating margin.

Mission

EMERGE ENTERPRISES, INC. OPERATES SUSTAINABLE SOCIAL ENTERPRISES THAT EMPOWER PEOPLE FACING EMPLOYMENT BARRIERS TO RE-ENTER THE WORKFORCE AND ACHIEVE LIFE-LONG SUCCESS WITHIN THEIR COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $1,898,481 Revenue: $1,954,246

EMERGE ENTERPRISES CONSISTS OF ENVIRONMENTALLY FOCUSED SOCIAL ENTERPRISE BUSINESSES THAT PROVIDE CRUCIAL TRANSITIONAL JOBS AND WRAP AROUND SUPPORT TO PEOPLE RETURNING TO COMMUNITY FROM INCARCERATION...

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EMERGE ENTERPRISES CONSISTS OF ENVIRONMENTALLY FOCUSED SOCIAL ENTERPRISE BUSINESSES THAT PROVIDE CRUCIAL TRANSITIONAL JOBS AND WRAP AROUND SUPPORT TO PEOPLE RETURNING TO COMMUNITY FROM INCARCERATION. SECOND CHANCE RECYCLING AND FURNISH OFFICE AND HOME PROVIDE 100 TRANSITIONAL EMPLOYMENT OPPORTUNITIES PER YEAR WHILE REDUCING WASTE THROUGH MATTRESS RECYCLING AND SALES OF GENTLY USED OFFICE FURNITURE. IN 2024, SECOND CHANCE RECYCLED 60,000 MATTRESSES, WITH 90% OF RECYCLED MATERIALS SENT OUT TO BECOME NEW PRODUCTS. IN 2024, FURNISH KEPT 500 TONS OF MATERIALS FROM LANDFILLS, WHILE EMPLOYING TRAINEES IN A RETAIL ENVIRONMENT.

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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 $888,798
Program Service Revenue $0
Investment Income $0
Other Revenue $1,954,246
TOTAL REVENUE $2,843,044

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,057,495
Fundraising Expenses $24,960
Program Expenses $1,898,481
Other Expenses $1,070,299
TOTAL EXPENSES $2,127,794

Year-over-Year Comparison

2024 2023 Change
Revenue $2,843,044 $2,532,829 +0.1%
Expenses $2,127,794 $1,658,571 +0.3%
Net Income $715,250 $874,258 -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
3
Independent Members
1
Employees
100
Volunteers
1

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
$376,011
Total Directors
4
$376,011
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
XANDER HECTOR CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL WYNNE VICE CHAIR & PRESIDENT 1.00
Officer Director
$0 $31,473 $227,869
KEVIN ENGDAHL SECRETARY 10.00
Officer Director
$0 $23,987 $148,142
SHEILA DOWLING CHAIR 1.00
Officer Director
$0 $0 $0
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 No data No data No data No data
2024 $2,843,044 $2,127,794 $6,409,234 $715,250
2023 $2,532,829 $1,658,571 $4,365,696 $874,258
2022 $1,957,002 $1,929,585 $4,525,011 $27,417
2021 $365,089 $877,989 $4,406,850 $-512,900
2020 $1,177,695 $879,529 $4,525,166 $298,166
2019 $2,189,163 $1,239,405 $3,300,741 $949,758
2018 $1,823,807 $1,812,578 $2,547,460 $11,229
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