Build Wealth MN Inc (EIN 251918239) - 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

2004

Legal Domicile

Principal Officer

David McGee

Phone

6128774182

Tax Period

2024-01-01 to 2024-12-31

Build Wealth MN Inc, founded in 2004, is a community nonprofit in the Education sector that reported $8.3M in total revenue in fiscal year 2024. The organization ran a surplus of $4.6M, a strong 56% operating margin.

Mission

Build Wealth MN's (BWMN) mission is to empower underserved communities and populations in the Twin Cities metro area to achieve social and economic wealth through community, economic, and housing development.

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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 $7,194,749

Program Service Revenue $538,137

Investment Income $751,185

Other Revenue $-169,383

TOTAL REVENUE $8,314,688

Expense Breakdown

Grants Paid $286,000

Salaries & Benefits $2,015,707

Fundraising Expenses $194,405

Program Expenses $2,839,907

Other Expenses $1,354,834

TOTAL EXPENSES $3,676,753

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,314,688	$7,717,316	+0.1%
Expenses	$3,676,753	$4,247,455	-0.1%
Net Income	$4,637,935	$3,469,861	+0.3%

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

$503,715

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Franklin Stovall	Director	1.00	Director	$0	$0	$0
Loretta Smith	Director	1.00	Director	$0	$0	$0
Rene Isuk	Treasurer	1.00	Officer Director	$0	$0	$0
Rochelle Washington	Secretary	1.00	Officer Director	$0	$0	$0
Monique Bulson-Bratton	Chair	1.00	Officer Director	$0	$0	$0
David McGee	Executive Director	40.00	Officer	$497,614	$6,101	$503,715
Regina McGee	Program Services Director	40.00	Highest	$138,516	$0	$138,516
Jeffery Robinson	Senior Program Director	40.00	Highest	$130,747	$0	$130,747
Kylie Hong	Underwriting Manager	40.00	Highest	$126,706	$0	$126,706
DasJohn McGee	SPOO	40.00	Highest	$113,437	$0	$113,437
Demitri McGee	Youth Director	40.00	Highest	$112,610	$0	$112,610

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	$8,314,688	$3,676,753	$22,543,867	$4,637,935
2023	$7,717,316	$4,247,455	$15,423,453	$3,469,861
2022	$8,653,347	$4,083,420	$11,576,662	$4,569,927
2021	$4,002,738	$1,304,936	$4,473,899	$2,697,802
2020	$1,521,895	$1,204,284	$1,984,836	$317,611

Build Wealth MN Inc