Plymouth, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Free Bikes 4 Kidz MN, founded in 2009, is a small nonprofit in the Human Services sector that reported $482K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring.
Free Bikes 4 Kidz MN is a non-profit organization geared toward helping all kids ride into a happier, healthier childhood by providing bikes to those most in need.
In 2023, we continued our mission to provide bikes to children most in need. Through concerted efforts, we rallied the community to donate gently used bikes and then organized thousands of volunteers...
In 2023, we continued our mission to provide bikes to children most in need. Through concerted efforts, we rallied the community to donate gently used bikes and then organized thousands of volunteers to clean and refurbish them. This year, we were able to work with our community partners to distribute 2,395 bikes to youth across Minnesota, while also ensuring that kids had new helmets to ride their bikes with.
In February 2019, the Organization acquired the rights to the MN Ironman Bike Ride. The legendary ride is the longest running organized ride in Minnesota. From humble beginnings in 1967, MN Ironman...
In February 2019, the Organization acquired the rights to the MN Ironman Bike Ride. The legendary ride is the longest running organized ride in Minnesota. From humble beginnings in 1967, MN Ironman Bike Ride has grown to thousands of riders proudly riding it annually. The Organization resumed the ride in conjunction with community event in Shakopee, MN in 2023 on June 17, 2023. This event was the primary fundraiser for the year through registrations and donations it profited over $20,000. In 2024, we will be rebranding the event to the Freebike and holding the event on June 1st.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $482,461 | $833,262 | -0.4% |
| Expenses | $506,328 | $1,725,538 | -0.7% |
| Net Income | $-23,867 | $-892,276 | -1.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Dan Swartz | Co-Chair | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| Jeff Lundgren | Co-Chair | 4.00 |
Director
|
$0 | $0 | $0 |
| Matthew Kennedy | Treasurer | 8.00 |
Officer
Director
|
$0 | $0 | $0 |
| Gretchen Graham | Secretary | 1.00 |
Director
|
$0 | $0 | $0 |
| Maureen Vischer | Board Member | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| David Rulifson | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Fred Borstad | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Joan Weber | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Adam Clarke | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Britt Monson | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Linda Stone | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Martha Hoeppner | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Phil Wolpers | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Nicholas Garbis | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Jay Zemke | MN Executive Director | 40.00 |
Officer
|
$85,000 | $5,135 | $90,135 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $482,461 | $506,328 | $332,256 | $-23,867 |
| 2022 | $833,262 | $1,725,538 | $344,094 | $-892,276 |
| 2021 | $1,437,488 | $1,287,582 | $1,222,477 | $149,906 |
| 2020 | $1,232,519 | $497,949 | $1,116,715 | $734,570 |
| 2018 | $767,715 | $872,074 | $209,092 | $-104,359 |
Compare Free Bikes 4 Kidz MN with other nonprofits in Minnesota and across the country.