Free Bikes 4 Kidz MN

EIN: 271199089 501(c)(3) Human Services

Plymouth, MN

Total Revenue
$482,461
Total Expenses
$506,328
Total Assets
$332,256
Net Assets
$141,742
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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
2009
Legal Domicile
MN
Principal Officer
Maureen Vischer
Phone
6127593297
Tax Period
2023-01-01 to 2023-12-31

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.

Mission

Helping kids ride into a happier, healthier childhood by providing bikes to those in need.

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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 $499,602
Program Service Revenue $0
Investment Income $4,474
Other Revenue $-21,615
TOTAL REVENUE $482,461

Expense Breakdown

Grants Paid $250,294
Salaries & Benefits $181,602
Fundraising Expenses $30,122
Program Expenses $425,713
Other Expenses $74,432
TOTAL EXPENSES $506,328

Year-over-Year Comparison

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%
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
15
Independent Members
15
Employees
18
Volunteers
1618

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
4
$90,135
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
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
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 $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
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