FRIENDS OF THE BOUNDARY WATERS WIL… - Form 990 Financial Data

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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

1976

Legal Domicile

Principal Officer

LEE VUE

Phone

6123329630

Tax Period

2023-10-01 to 2024-09-30

FRIENDS OF THE BOUNDARY WATERS WILDERNESS, founded in 1976, is a community nonprofit in the Environment sector that reported $3.1M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $496K, a strong 16% operating margin.

Mission

OUR MISSION IS TO PROTECT THE BOUNDARY WATERS AND TO CONNECT PEOPLE OF ALL BACKGROUNDS TO THE WILDERNESS, SO THAT THIS AND FUTURE GENERATIONS CAN BENEFIT FROM THIS SPECIAL PLACE.

Program Service Accomplishments

Program 1

Expenses: $1,678,990

EDUCATION "NO BOUNDARIES TO THE BOUNDARY WATERS" - WE SENT 128 STUDENTS ON MULTI-DAY WILDERNESS CANOE TRIPS. WE ALSO PROVIDED OVER 1,800 EXPERIENCES FOR STUDENTS IN CLASSROOMS AND ON THEIR LOCAL...

EDUCATION "NO BOUNDARIES TO THE BOUNDARY WATERS" - WE SENT 128 STUDENTS ON MULTI-DAY WILDERNESS CANOE TRIPS. WE ALSO PROVIDED OVER 1,800 EXPERIENCES FOR STUDENTS IN CLASSROOMS AND ON THEIR LOCAL WATERWAYS. "ADVOCACY" - IS REPSONSE TO LEGAL CHALLENGES FROM FRIENDS AND OUR PARTNERS, THE DNR SUSPENDED THE REVIEW PROCESS FOR THE POLYMET-NEW RANGE MINE PLAN, CREATING A FURTHER ROADLOCK TO THIS MINE. IN THE LEGISLATURE, FRIENDS GATHER INTERNATIONAL WITNESSES AND NATIONAL EXPERTS TO CONDUCT A CRUCIAL HEARING INTO STRENGTHENING CLEAN WATER PROTECTIONS. FRIEND ALSO PASSED A RESOLUTION THAT MADE ADDRESSING COPPER-SULFIDE MINING A PART OF THE OFFICIAL PLATFORM OF THE MINNESOTA DFL PARTY. FRIENDS ALSO SUBMITTED COMMENTS TO THE UPDATE OF THE SUPERIOR NATIONAL FOREST PLAN."THRIVING COMMUNITIES" - FRIENDS SPONSORED COMMUNITY EVENTS THROUGHOUT THE YEAR. WE ALSO CONTRACTED A WILDERNESS CREW LEADER TO LEAD VOLUNTEERS WHO ASSIST THE US FOREST SERVICE IN MAINTAINING PORTAGES, CAMPSITES, AND OTHER TRAILS IN THE BWCA.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,949,154

Program Service Revenue $0

Investment Income $94,541

Other Revenue $26,656

TOTAL REVENUE $3,070,351

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,654,189

Fundraising Expenses $440,939

Program Expenses $1,678,990

Other Expenses $920,187

TOTAL EXPENSES $2,574,376

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,070,351	$2,756,966	+0.1%
Expenses	$2,574,376	$2,430,921	+0.1%
Net Income	$495,975	$326,045	+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

Governance

Voting Members

Independent Members

Employees

Volunteers

200

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

$168,572

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS KNOPF	EXECUTIVE DIRECTOR	40.00	Officer	$151,250	$17,322	$168,572
LEE VUE	CHAIR	10.00	Officer Director	$0	$0	$0
RYAN JOHNSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN PENSHORN	SECRETARY	3.00	Officer Director	$0	$0	$0
BOB SCOTT	TREASURER	5.00	Officer Director	$0	$0	$0
NILES DENEEN	DIRECTOR	1.00	Director	$0	$0	$0
TOM DONAHO	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH HUSKINS	DIRECTOR	1.00	Director	$0	$0	$0
JASON LONG	DIRECTOR	1.00	Director	$0	$0	$0
EVAN NELSON	DIRECTOR	1.00	Director	$0	$0	$0
JAIME ROQUEBERT	DIRECTOR	1.00	Director	$0	$0	$0
ADAN TORRES	DIRECTOR	1.00	Director	$0	$0	$0
KELLY SCHULLER	DIRECTOR	1.00	Director	$0	$0	$0
EMILY VIKRE	DIRECTOR	1.00	Director	$0	$0	$0
LAURA WILDENBORG	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WILLOUGHBY	DIRECTOR	1.00	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	$3,070,351	$2,574,376	$4,780,049	$495,975
2023	$2,756,966	$2,430,921	$4,028,530	$326,045
2022	$2,197,868	$1,919,578	$3,600,444	$278,290
2021	$2,513,314	$1,690,401	$3,530,531	$822,913
2020	$1,524,627	$1,050,338	$2,273,005	$474,289
2019	$1,113,035	$791,133	$1,650,624	$321,902
2018	$917,755	$806,172	$1,297,117	$111,583

FRIENDS OF THE BOUNDARY WATERS WILDERNESS