Gifts for Seniors

EIN: 262890591 501(c)(3) Education

Minneapolis, MN

Total Revenue
$524,002
Total Expenses
$521,150
Total Assets
$172,308
Net Assets
$147,308
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Phone
6123793205
Tax Period
2022-07-01 to 2023-06-30

Gifts for Seniors is a small nonprofit in the Education sector that reported $524K in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

Gifts for Seniors provides inclusive programs to alleviate the devastating health impacts of social isolation for over 7,000 older adults annually. Recipients represent 16 cultural and ethnic communities. 100% are low-income or on a fixed budget due to age or disability and 96% identify as having limited social opportunities. Our programs include basic needs (clothing, linens, appliances, medical/household/personal hygiene supplies, mind-sharpening activities, winter gear, etc.), food stability, cards & art, tech devices, social visits, referrals for community supports, and digital literacy education.

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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 (2022)

Revenue Breakdown

Contributions & Grants $520,775
Program Service Revenue $0
Investment Income $1,532
Other Revenue $1,695
TOTAL REVENUE $524,002

Expense Breakdown

Grants Paid $429,923
Salaries & Benefits $68,784
Fundraising Expenses $0
Program Expenses $512,059
Other Expenses $22,443
TOTAL EXPENSES $521,150

Year-over-Year Comparison

2022 2021 Change
Revenue $524,002 $463,683 +0.1%
Expenses $521,150 $457,772 +0.1%
Net Income $2,852 $5,911 -0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
2
Volunteers
400

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
7
$48,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carolyn Deters Executive Direc 30.00
Officer
$48,000 $0 $48,000
Stan Ross Board Chair 2.00
Officer
$0 $0 $0
Elle Kreutzman At Large 0.00
Officer
$0 $0 $0
Anne Pahl Secretary 10.00
Officer
$0 $0 $0
Gretchen Olmsheid Vice Chair 2.00
Officer
$0 $0 $0
Liz Sands Treasurer 2.00
Officer
$0 $0 $0
Andrea Bloom At Large 2.00
Officer
$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 $524,002 $521,150 $172,308 $2,852
2022 $463,683 $457,772 $192,528 $5,911
2021 $522,841 $499,077 $161,617 $23,764
2020 $196,256 $179,358 $136,152 $16,898
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