Owens & Company

EIN: 262664789 501(c)(3) Human Services

Willmar, MN

Total Revenue
$1,040,942
Total Expenses
$951,102
Total Assets
$214,705
Net Assets
$185,726
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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
2008
Legal Domicile
MN
Principal Officer
Mark M Owens
Tax Period
2023-01-01 to 2023-12-31

Owens & Company, founded in 2008, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $951K left a modest 9% surplus.

Mission

Our mission is to provide quality Representative Payee Services for individuals that need assistance with their finances. We pride ourselves in creating a partnership with our clients by creating a budget that meets each persons individual needs.

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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 $0
Program Service Revenue $1,027,192
Investment Income $13,750
Other Revenue $0
TOTAL REVENUE $1,040,942

Expense Breakdown

Grants Paid $0
Salaries & Benefits $629,557
Fundraising Expenses $0
Program Expenses $951,102
Other Expenses $321,545
TOTAL EXPENSES $951,102

Year-over-Year Comparison

2023 2022 Change
Revenue $1,040,942 $770,264 +0.4%
Expenses $951,102 $702,110 +0.4%
Net Income $89,840 $68,154 +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

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Governance

Voting Members
4
Independent Members
2
Employees
12
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
1
$324,179
Total Directors
0
$0
Key Employees
1
$324,179
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark M Owens Executive Director 70.00
Officer Key Emp Highest
$324,179 $0 $324,179
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 $1,040,942 $951,102 $214,705 $89,840
2022 $770,264 $702,110 $102,322 $68,154
2021 $620,284 $660,225 $73,009 $-39,941
2020 $542,796 $520,584 $67,673 $22,212
2019 $436,404 $413,213 $51,127 $23,191
2018 $394,482 $380,428 $41,810 $14,054
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