EDISON COMMUNITY & SPORTS FOUNDATION

EIN: 363318601 501(c)(3)

ST PAUL, MN

Total Revenue
$36,653
Total Expenses
$87,289
Total Assets
$476,957
Net Assets
$469,690
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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
1984
Legal Domicile
MN
Principal Officer
MIKE IACARELLA
Phone
6516384638
Tax Period
2023-01-01 to 2023-12-31

EDISON COMMUNITY & SPORTS FOUNDATION, founded in 1984, is a micro nonprofit that reported $37K in total revenue in fiscal year 2023. Expenses of $87K exceeded revenue, resulting in a 138% operating deficit.

Mission

TO ENCOURAGE YOUTH PARTICIPATION IN ATHLETICS AND PROVIDE SCHOLARSHIPS FOR STUDENTS PURSUING HIGHER 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 (2023)

Revenue Breakdown

Contributions & Grants $48,366
Program Service Revenue $0
Investment Income $9,763
Other Revenue $-21,476
TOTAL REVENUE $36,653

Expense Breakdown

Grants Paid $52,583
Salaries & Benefits $6,300
Fundraising Expenses $0
Program Expenses $74,684
Other Expenses $28,406
TOTAL EXPENSES $87,289

Year-over-Year Comparison

2023 2022 Change
Revenue $36,653 $38,293 0.0%
Expenses $87,289 $139,535 -0.4%
Net Income $-50,636 $-101,242 -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

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
28
Independent Members
26
Employees
17
Volunteers
50

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
$0
Total Directors
28
$16,555
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYNN MISKOWIC GAMBLING MANAGER 20.00
Director
$16,555 $0 $16,555
MIKE IACARELLA PRESIDENT 5.00
Officer Director
$0 $0 $0
BETH FAIRLEY VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
RICK ESKOLA SECRETARY 5.00
Officer Director
$0 $0 $0
JOHN LAWSON TREASURER 5.00
Officer Director
$0 $0 $0
DICK ANDERSON DIRECTOR 5.00
Director
$0 $0 $0
RAMON ANGELES DIRECTOR 5.00
Director
$0 $0 $0
SAMANTHA AXT DIRECTOR 5.00
Director
$0 $0 $0
JOHN BANISKY DIRECTOR 5.00
Director
$0 $0 $0
LORI BARTZ DIRECTOR 5.00
Director
$0 $0 $0
JOHN BURNS DIRECTOR 5.00
Director
$0 $0 $0
MARYKAY DALBEC DIRECTOR 5.00
Director
$0 $0 $0
LAURIE DAY DIRECTOR 5.00
Director
$0 $0 $0
PETER HARRIS DIRECTOR 5.00
Director
$0 $0 $0
STEVE HIRSCH DIRECTOR 5.00
Director
$0 $0 $0
ROB HOVDE DIRECTOR 5.00
Director
$0 $0 $0
TOM JOHNSON DIRECTOR 5.00
Director
$0 $0 $0
BERNIE KUNZA DIRECTOR 5.00
Director
$0 $0 $0
BOB LAWSON DIRECTOR 5.00
Director
$0 $0 $0
GINA HENDRICKSON O'MEARA DIRECTOR 5.00
Director
$0 $0 $0
AMY LEE DIRECTOR 5.00
Director
$0 $0 $0
RANDY MATTHES DIRECTOR 5.00
Director
$0 $0 $0
KEVIN REICH DIRECTOR 5.00
Director
$0 $0 $0
CHRIS SCHMIDT DIRECTOR 5.00
Director
$0 $0 $0
SHARI SEYMOUR DIRECTOR 5.00
Director
$0 $0 $0
JOHN VANDERMYDE DIRECTOR 5.00
Director
$0 $0 $0
STEVE VARICHAK DIRECTOR 5.00
Director
$0 $0 $0
SHAUN WAKARUK DIRECTOR 5.00
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
2024 No data No data No data No data
2023 $36,653 $87,289 $476,957 $-50,636
2022 $38,293 $139,535 $518,617 $-101,242
2021 $143,009 $72,165 $616,388 $70,844
2020 $-1,591 $102,998 $545,199 $-104,589
2019 $363,265 $89,035 $649,795 $274,230
2018 $210,220 $127,067 $375,818 $83,153
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