FRIENDS OF THE HENNEPIN CANAL

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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

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF THE HENNEPIN CANAL, founded in 1999, is a micro nonprofit in the Environment sector that reported $14K in total revenue in fiscal year 2025. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $97K exceeded revenue, resulting in a 598% operating deficit.

Mission

TO MAINTAIN AND DEVELOP RECREATIONAL AND EDUCATIONAL OPPORTUNITIES AND PRESERVE THE HISTORICAL FEATURES OF THE HENNEPIN CANAL PARKWAY STATE PARK IN ILLINOIS

Program Service Accomplishments

Program 1

Expenses: $94,598

PURCHASED AND PROVIDED TO THE ILLINOIS DEPARTMENT OF NATURAL RESOURCES EQUIPMENT INCLUDING SEVEN ATTACHMENTS TO JOHN DEERE TRACTOR PURCHASED IN 2024, DRINKING WATER WELLS, AND AN INFORMATION KIOSK.

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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 (2025)

Revenue Breakdown

Contributions & Grants $8,929

Program Service Revenue $0

Investment Income $4,942

Other Revenue $0

TOTAL REVENUE $13,871

Expense Breakdown

Grants Paid $92,604

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $94,598

Other Expenses $4,194

TOTAL EXPENSES $96,798

Year-over-Year Comparison

	2025	2024	Change
Revenue	$13,871	$111,106	-0.9%
Expenses	$96,798	$146,098	-0.3%
Net Income	$-82,927	$-34,992	+1.4%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JODI HANSON	PRESIDENT	2.00	Officer	$0	$0	$0
TODD SIEBEN	VICE PRESIDENT	2.00	Officer	$0	$0	$0
MELINDA JONES	SECRETARY	2.00	Officer	$0	$0	$0
PATRICK HERRMANN	TREASURER	2.00	Officer	$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	$13,871	$96,798	$169,786	$-82,927
2024	$111,106	$146,098	$252,713	$-34,992
2023	$168,372	$39,736	$287,705	$128,636
2022	$272,932	$161,293	$159,069	$111,639