ELK RIVER EDUCATION ASSOCIATION

EIN: 237125522 Employment

Elk River, MN

Total Revenue
$912,670
Total Expenses
$912,686
Total Assets
$325,787
Net Assets
$325,787
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1960
Legal Domicile
MN
Principal Officer
Jennelle LeBlanc
Phone
6122723488
Tax Period
2023-09-01 to 2024-08-31

ELK RIVER EDUCATION ASSOCIATION, founded in 1960, is a small nonprofit in the Employment sector that reported $913K in total revenue in fiscal year 2023.

Mission

The Elk River Education Association EREA is our teachers union for the Elk River Area School District. EREA provides representation for our members. We represent the teachers in contract negotiations. We work to provide a positive learning environment for the learners in our district.

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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 (2023)

Revenue Breakdown

Contributions & Grants $910,579
Program Service Revenue $0
Investment Income $2,091
Other Revenue $0
TOTAL REVENUE $912,670

Expense Breakdown

Grants Paid $3,000
Salaries & Benefits $104,485
Fundraising Expenses $0
Program Expenses $148,347
Other Expenses $805,201
TOTAL EXPENSES $912,686

Year-over-Year Comparison

2023 2022 Change
Revenue $912,670 $916,460 0.0%
Expenses $912,686 $870,803 +0.0%
Net Income $-16 $45,657 -1.0%
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
45
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
$22,733
Total Directors
41
$51,835
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lisa K Q Olson President Negotiator 15.00
Officer
$13,725 $0 $13,725
Russell Gnan Negotiator Executive Council Grant Presentations 6.00
Director
$7,443 $0 $7,443
Michelle Farnum Secretary Teacher Rights 3.00
Officer
$3,673 $0 $3,673
Shawn Theresa Scheel Negotiator Executive Council 3.00
Director
$3,673 $0 $3,673
Benjamin J Kirkwold Membership Executive Council 4.00
Director
$3,620 $0 $3,620
Jennelle M LeBlanc Treasurer 6.00
Officer
$2,919 $0 $2,919
Ronald Clifford Hustvedt Jr Vice President 3.00
Officer
$2,416 $0 $2,416
Kristen Elayne Larson Executive Council Government Relations 3.00
Director
$2,279 $0 $2,279
Kelsey Leigh Haukos Executive Council Settlement Task Force Grant Membership Co Chair 3.00
Director
$2,150 $0 $2,150
Jacob Thomas Carlson Executive Council and Committee 2.00
Director
$1,482 $0 $1,482
Abby Lundy Executive Council Settlement Task Force 2.00
Director
$1,310 $0 $1,310
Jennifer Peterson Executive Council Event Organizer 2.00
Director
$1,252 $0 $1,252
Laura Ziebarth Executive Council 2.00
Director
$1,152 $0 $1,152
Mathew Kraus Executive Council 2.00
Director
$1,102 $0 $1,102
Virginia Violet Haberman Executive Council 2.00
Director
$1,062 $0 $1,062
Ashley Gallup Executive Council 2.00
Director
$1,062 $0 $1,062
Sarah Coles Executive Council 2.00
Director
$1,062 $0 $1,062
Sarah Hudyma Executive Council 2.00
Director
$1,062 $0 $1,062
Scott Glew Executive Council 2.00
Director
$1,047 $0 $1,047
Keri Sollitt Executive Council 2.00
Director
$1,017 $0 $1,017
Amy Cox Executive Council 2.00
Director
$1,002 $0 $1,002
Brenda Jacobson Executive Council 2.00
Director
$1,002 $0 $1,002
Darcy Bower Executive Council 2.00
Director
$1,002 $0 $1,002
Melissa Deakins Executive Council 2.00
Director
$1,002 $0 $1,002
Melissa Reining Executive Council 2.00
Director
$1,002 $0 $1,002
Michelle Eng Executive Council 2.00
Director
$1,002 $0 $1,002
Nicole Tripp Executive Council 2.00
Director
$1,002 $0 $1,002
Sarah Klingelhofer Executive Council 2.00
Director
$1,002 $0 $1,002
Erin Olson Executive Council 2.00
Director
$912 $0 $912
Jatona Sanudo Executive Council 2.00
Director
$882 $0 $882
Carol Krois Executive Council 2.00
Director
$852 $0 $852
Danielle Dickmeyer Executive Council 2.00
Director
$852 $0 $852
Jacqueline Meeker Executive Council 2.00
Director
$852 $0 $852
Kim Hines Executive Council 2.00
Director
$852 $0 $852
Nicholas Levos Executive Council 2.00
Director
$852 $0 $852
Andrew Parr Executive Council 2.00
Director
$599 $0 $599
Dirk Udee Executive Council 2.00
Director
$599 $0 $599
Jerry Goettsch Executive Council 2.00
Director
$599 $0 $599
Jill Vickerman Jopp Executive Council 2.00
Director
$599 $0 $599
Joie Johnson Executive Council 2.00
Director
$599 $0 $599
Kristen Schrader Executive Council 2.00
Director
$599 $0 $599
Lisa Hansen Executive Council 2.00
Director
$599 $0 $599
Rebecca Hagen Executive Council 2.00
Director
$599 $0 $599
Sherrie Lorentz Executive Council 2.00
Director
$599 $0 $599
ZoeAnn Allen Executive Council 2.00
Director
$599 $0 $599
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 $912,670 $912,686 $325,787 $-16
2023 $916,460 $870,803 $325,803 $45,657
2019 $796,605 $793,783 $201,684 $2,822
2018 $803,455 $768,774 $198,862 $34,681
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