ERIK'S RANCH INC

EIN: 260456090 501(c)(3) Human Services

EDINA, MN

Total Revenue
$1,384,529
Total Expenses
$1,474,603
Total Assets
$4,919,778
Net Assets
$3,909,200
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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
MN
Principal Officer
KATHRYN NORDBERG
Phone
6123967829
Tax Period
2023-01-01 to 2023-12-31

ERIK'S RANCH INC, founded in 2007, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Net assets of $3.9M represent 34 months of operating reserves.

Mission

ERIK'S RANCH, INC. PROVIDES SAFE AND UNEQUALED LIVING, WORKING, SOCIAL AND RECREATIONAL ENVIRONMENTS FOR YOUNG ADULTS WITH AUTISM, USING ITS GUIDING PRINCIPLES OF LIFELONG LEARNING, INDIVIDUAL COMMUNITY BUILDING AND BIDIRECTIONAL INTEGRATION THROUGH VOLUNTOURISM. WE'RE COMMITTED TO GIVING THESE INDIVIDUALS A REWARDING LIFE ON THEIR OWN TERMS, EXPERIENCING DIGNITY, COMPASSION AND THE JOY OF CONTINUING POSSIBILITY. AT ERIK'S RANCH, INC. PEOPLE FROM ALL OVER THE WORLD, AND SOMETIMES RIGHT NEXT-DOOR, STAY IN OUR ONE-OF-A-KIND GUEST ACCOMMODATIONS FOR BUSINESS AND PERSONAL TRAVEL. IT IS OUR GOAL TO PROVIDE OUR GUESTS WITH TOP-NOTCH CUSTOMER SERVICE, EXCEPTIONAL ACCOMMODATIONS, AND THE UNIQUE TOUCHES THAT ARE ONLY AVAILABLE IN A SMALLER SETTING. OUR MEMBERS PROUDLY LIVE AND WORK ON SITE-OFFERING BOUTIQUE STYLE ACCOMMODATIONS IN EDINA, MN, AND RANCH ACCOMMODATIONS IN LIVINGSTON, MT.

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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 $298,978
Program Service Revenue $1,120,513
Investment Income $6,664
Other Revenue $-41,626
TOTAL REVENUE $1,384,529

Expense Breakdown

Grants Paid $0
Salaries & Benefits $775,132
Fundraising Expenses $10,437
Program Expenses $1,251,372
Other Expenses $699,471
TOTAL EXPENSES $1,474,603

Year-over-Year Comparison

2023 2022 Change
Revenue $1,384,529 $1,511,968 -0.1%
Expenses $1,474,603 $1,386,322 +0.1%
Net Income $-90,074 $125,646 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
2
Employees
34
Volunteers
26

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
2
$69,580
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHRYN NORDBERG CEO 40.00
Officer
$69,580 $0 $69,580
SAN ASATO CFO 2.00
Officer Director
$0 $0 $0
DR ERIC V LARSSON BOARD MEMBER 1.00
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
2024 No data No data No data No data
2023 $1,384,529 $1,474,603 $4,919,778 $-90,074
2022 $1,511,968 $1,386,322 $4,334,555 $125,646
2021 $1,359,045 $1,264,281 $4,211,109 $94,764
2020 $1,281,007 $1,205,601 $4,083,802 $75,406
2019 $1,384,830 $1,118,419 $3,939,525 $266,411
2018 $938,300 $1,078,776 $3,833,637 $-140,476
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