FARIBAULT AREA PUBLIC SCHOOLS EDUCATIONAL TRUST ASSOCIATION

EIN: 363495109 501(c)(3)

Faribault, MN

Total Revenue
$139,620
Total Expenses
$152,317
Total Assets
$1,312,242
Net Assets
$1,312,242
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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
1986
Legal Domicile
MN
Principal Officer
Robert Stepaniak
Phone
5073336059
Tax Period
2023-01-01 to 2023-12-31

FARIBAULT AREA PUBLIC SCHOOLS EDUCATIONAL TRUST ASSOCIATION, founded in 1986, is a small nonprofit that reported $140K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Net assets of $1.3M represent 113 months of operating reserves.

Mission

In cooperation with the local High School, we provide scholarships to qualified Senior applicants using academics and citizen criteria from the "Dollar for Scholar" National Program

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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 $78,047
Program Service Revenue $0
Investment Income $61,573
Other Revenue $0
TOTAL REVENUE $139,620

Expense Breakdown

Grants Paid $134,404
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $152,317
Other Expenses $17,913
TOTAL EXPENSES $152,317

Year-over-Year Comparison

2023 2022 Change
Revenue $139,620 $151,812 -0.1%
Expenses $152,317 $142,568 +0.1%
Net Income $-12,697 $9,244 -2.4%
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
12
Independent Members
12
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nanci Fielitz President 1
Director
$0 $0 $0
Brent Peroutka Ex-Officio 0.2
Director
$0 $0 $0
Richard Berge Director 0.2
Director
$0 $0 $0
John Carlander Director 0.2
Director
$0 $0 $0
Kathy Zavoral Secretary 0.2
Director
$0 $0 $0
Dave Green Director 0.2
Director
$0 $0 $0
Jerry Robicheau Director 0.2
Director
$0 $0 $0
Garret Regan Director 0.2
Director
$0 $0 $0
Shelly Fritz Vice President 1
Director
$0 $0 $0
Robert Stepaniak Treasurer 1
Director
$0 $0 $0
Heidi Oanes Director 0.2
Director
$0 $0 $0
Jamie Bente Director 0.2
Director
$0 $0 $0
Mickey Crippen Ex-Officio 0.2
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 No data No data No data No data
2024 No data No data No data No data
2023 $139,620 $152,317 $1,312,242 $-12,697
2022 $151,812 $142,568 $1,324,939 $9,244
2021 $129,348 $123,682 $1,315,695 $5,666
2020 $261,782 $126,322 $1,310,029 $135,460
2019 $148,472 $144,228 $1,175,069 $4,244
2018 $105,531 $108,543 $1,170,325 $-3,012
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