ERIK'S RANCH INC

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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

2007

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $1,251,372 Revenue: $1,120,513

ERIK'S RANCH IS A MEMBERSHIP PROGRAM THAT PROVIDES LIVING, WORKING, SOCIAL, AND RECREATIONAL ENVIRONMENTS FOR ADULTS WITH AUTISM SPECTRUM DISORDERS IN MINNESOTA AND MONTANA. OUR MISSION IS TO PROVIDE OUR MEMBERS WITH A REWARDING LIFE ON THEIR OWN TERMS, EXPERIENCING DIGNITY, COMPASSION, AND THE JOY OF CONTINUING POSSIBILITY. OUR MISSION IS ONLY POSSIBLE AND FULLY REALIZED BECAUSE OF THE GUESTS WHO STAY AND TOUR WITH US AT BOTH OUR GUEST RANCH IN MONTANA AND BOUTIQUE-STYLE HOTEL ACCOMMODATIONS IN MINNESOTA. OUR GUESTS PROVIDE POSITIVE SOCIAL INTERACTIONS AND MEANINGFUL EMPLOYMENT OPPORTUNITIES FOR OUR MEMBERS, SUCH AS TOUR GUIDES, CONCIERGE STAFF, HISTORIANS, BAKERS AND MUCH MORE. THE OVERNIGHT DONATIONS FROM GUESTS STAYING WITH US ALLOW US TO FINANCIALLY SUSTAIN OUR MISSION AND PAY WAGES TO OUR MEMBERS AND TEAM OF LIFE PLAN COACHES WHO SUPPORT THEM. AS INDICATED, OUR MEMBERS ARE DIRECTLY RESPONSIBLE FOR GENERATING GUEST DONATIONS BY LEADING AND ASSISTING WITH A VARIETY OF TOURS. THESE TOURS, AVAILABLE TO OUR GUESTS AND THE PUBLIC, INCLUDE HORSEBACK RIDING, A WILDLIFE EXCURSION, HIKING TOURS, COCKTAIL TOURS, SEGWAY TOURS, LIMO TOURS, AND MORE. PROVIDING MEANINGFUL EMPLOYMENT OPPORTUNITIES FOR YOUNG ADULTS ON THE AUTISM SPECTRUM IS THE CORE OF OUR MISSION, AND THE INCOME GENERATED BY THESE TOURS IS VITAL TO OUR SUSTAINABILITY.

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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 (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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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

$69,580

Total Directors

Key Employees

Highest Compensated

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