FRIENDS OF EDUCATION

EIN: 311646135 501(c)(3) Education

MINNETONKA, MN

Total Revenue
$1,447,421
Total Expenses
$1,230,285
Total Assets
$5,898,011
Net Assets
$5,884,708
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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
1999
Legal Domicile
MN
Principal Officer
BETH TOPOLUK
Phone
9527452717
Tax Period
2024-09-01 to 2025-08-31

FRIENDS OF EDUCATION, founded in 1999, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 53% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $217K, a strong 15% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO IMPROVE THE EDUCATION OF CHILDREN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,380,801
Program Service Revenue $0
Investment Income $66,620
Other Revenue $0
TOTAL REVENUE $1,447,421

Expense Breakdown

Grants Paid $144,870
Salaries & Benefits $0
Fundraising Expenses $8,300
Program Expenses $1,181,152
Other Expenses $1,085,415
TOTAL EXPENSES $1,230,285

Year-over-Year Comparison

2024 2023 Change
Revenue $1,447,421 $3,078,804 -0.5%
Expenses $1,230,285 $1,133,552 +0.1%
Net Income $217,136 $1,945,252 -0.9%
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
6
Independent Members
6
Employees
N/A
Volunteers
7

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK ROHDE DIRECTOR 2.00
Director
$0 $0 $0
JAMES KOPP DIRECTOR/CHAIRMAN 2.00
Officer Director
$0 $0 $0
MIKE FREY DIRECTOR 2.00
Director
$0 $0 $0
BETH TOPOLUK DIRECTOR/SECRETARY 2.00
Officer Director
$0 $0 $0
DARIN OPPERMAN DIRECTOR 2.00
Director
$0 $0 $0
JOHN BENDT DIRECTOR/TREASURER 2.00
Officer 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
2025 $1,447,421 $1,230,285 $5,898,011 $217,136
2024 $3,078,804 $1,133,552 $4,911,760 $1,945,252
2023 $1,464,006 $1,104,674 $3,074,607 $359,332
2022 $921,963 $1,108,628 $2,655,246 $-186,665
2021 $1,450,093 $1,069,400 $3,127,902 $380,693
2020 $981,269 $933,782 $2,480,331 $47,487
2019 $1,099,984 $1,091,466 $2,315,689 $8,518
2018 $746,752 $983,529 $2,467,460 $-236,777
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