Springbrook Nature Center Foundation

EIN: 237401835 501(c)(3)

Minneapolis, MN

Total Revenue
$86,387
Total Expenses
$188,956
Total Assets
$140,599
Net Assets
$140,599
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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
1974
Legal Domicile
MN
Principal Officer
Richard Walch
Phone
7635723588
Tax Period
2023-01-01 to 2023-12-31

Springbrook Nature Center Foundation, founded in 1974, is a micro nonprofit that reported $86K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $189K exceeded revenue, resulting in a 119% operating deficit.

Mission

To provide guidance and improvements that will help fulfill the mission of Springbrook.

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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 $86,289
Program Service Revenue $0
Investment Income $98
Other Revenue $0
TOTAL REVENUE $86,387

Expense Breakdown

Grants Paid $9,580
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $186,083
Other Expenses $179,376
TOTAL EXPENSES $188,956

Year-over-Year Comparison

2023 2022 Change
Revenue $86,387 $130,312 -0.3%
Expenses $188,956 $132,786 +0.4%
Net Income $-102,569 $-2,474 +40.5%
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

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
30

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
6
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kimberly Tillberry Board chair 4.00
Officer Director
$0 $0 $0
Gary Bank Board chair 4.00
Officer Director
$0 $0 $0
Neal Hayford Vice chair 4.00
Officer Director
$0 $0 $0
Hatice Bilgic Lim Assistant Treasurer 4.00
Officer Director
$0 $0 $0
Richard Walch Treasurer 4.00
Officer Director
$0 $0 $0
Allison Egan Secretary 4.00
Officer Director
$0 $0 $0
Erin Hardy Board member 4.00
Director
$0 $0 $0
Gail Harless Board member 4.00
Director
$0 $0 $0
Jerry Hartlaub Board member 4.00
Director
$0 $0 $0
Ed Meyer Board member 4.00
Director
$0 $0 $0
Maneesh Shrivastav Board member 4.00
Director
$0 $0 $0
Nathan Obrestad Board member 4.00
Director
$0 $0 $0
Ross Meisner Board member 4.00
Director
$0 $0 $0
Rachel Haugen Board member 4.00
Director
$0 $0 $0
Ryan Verhulst Board member 4.00
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
2023 $86,387 $188,956 $140,599 $-102,569
2022 $130,312 $132,786 $243,168 $-2,474
2021 $153,637 $16,748 $245,642 $136,889
2020 $99,590 $104,308 $108,753 $-4,718
2019 $177,988 $147,890 $113,471 $30,098
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