WACOSA

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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

1963

Legal Domicile

Principal Officer

NANCY BETTS

Phone

3202510087

Tax Period

2023-01-01 to 2023-12-31

WACOSA, founded in 1963, is a community nonprofit that reported $9.5M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $8.9M left a modest 7% surplus.

Mission

TO PROVIDE INDIVIDUALS WITH DISABILITIES THE OPPORTUNITY TO WORK AND LIVE IN THEIR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $5,451,193 Revenue: $6,066,266

PROGRAM SERVICESWACOSA'S PROGRAM SERVICES CONSIST OF WACOSA'S SOUTH PROGRAM, NORTH PROGRAM, SENIORS PROGRAM, SAUK CENTRE DT & H PROGRAM, 1ST AVENUE AND SAUK CENTRE EE PROGRAM. WACOSA WAS ESTABLISHED AS A GRASSROOTS ORGANIZATION IN 1963 BY PARENTS LOOKING TO PROVIDE SERVICES TO THEIR CHILDREN WITH DISABILITIES. TODAY WACOSA HAS GROWN TO SERVE OVER 540 ADULTS WITH DISABILITIES ANNUALLY. OUR CLIENTS PRIMARILY LIVE IN STEARNS, BENTON AND SHERBURNE COUNTIES, WITH SITE LOCATIONS IN WAITE PARK, SAUK CENTRE AND WHITNEY SENIOR CENTER IN ST. CLOUD.

Program 2

Expenses: $2,077,420 Revenue: $2,206,524

VOCATIONAL SERVICESWACOSA'S VOCATIONAL SERVICES CONSIST OF WACOSA'S COMMUNITY CREWS, PRODUCTION CREWS, THRIFTWORKS! AND DOCUSHRED. WACOSA SERVES PEOPLE WITH A VARIETY OF MENTAL, PHYSICAL AND...

VOCATIONAL SERVICESWACOSA'S VOCATIONAL SERVICES CONSIST OF WACOSA'S COMMUNITY CREWS, PRODUCTION CREWS, THRIFTWORKS! AND DOCUSHRED. WACOSA SERVES PEOPLE WITH A VARIETY OF MENTAL, PHYSICAL AND COGNITIVE ABILITIES. SOME OF WACOSA'S CLIENTS LIVE INDEPENDENTLY, SOME WITH FAMILIES, AND OTHERS IN GROUP HOME SETTINGS. THROUGH WACOSA'S VOCATIONAL SERVICES, CLIENTS ARE EMPLOYED BY LOCAL BUSINESSES, GO OUT IN THE COMMUNITY IN WORK CREWS OR THEY WORK IN ONE OF WACOSA'S FACILITIES. WACOSA'S IN HOUSE WORK IS WIDE RANGING. WACOSA DOES ASSEMBLY, QUALITY CHECKING, MAILING SERVICES, LABELING, COLLATING, PACKAGING/KITTING, RE-WORK, DOCUMENT SHREDDING, THRIFT STORE OPERATIONS, RECYCLING SERVICES AND MUCH MORE. WACOSA'S CLIENTS ENJOY WORKING, ARE DEDICATED AND TAKE GREAT PRIDE IN THE WORK THEY DO.

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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 $1,101,466

Program Service Revenue $8,294,263

Investment Income $87,026

Other Revenue $49,307

TOTAL REVENUE $9,532,062

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,693,862

Fundraising Expenses $88,825

Program Expenses $7,528,613

Other Expenses $2,185,780

TOTAL EXPENSES $8,879,642

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,532,062	$8,632,128	+0.1%
Expenses	$8,879,642	$8,373,450	+0.1%
Net Income	$652,420	$258,678	+1.5%

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

492

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

$245,244

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDIE WESTERGREN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JENNIFER JOHNSON	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
JEFF BENVENISTE	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
RON BRANDENBURG	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
PEGGY BAYER	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW DESJARDINS	BOARD MEMBER	1.00	Director	$0	$0	$0
CURT GAINSFORTH	BOARD MEMBER	1.00	Director	$0	$0	$0
MOLLIE GARDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA KRUEGER	BOARD MEMBER	1.00	Director	$0	$0	$0
THAD OLSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE PERSKE	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDSEY RENNIE	BOARD MEMBER	1.00	Director	$0	$0	$0
HERB TRENZ	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY BETTS	ED	40.00	Officer	$127,860	$13,469	$141,329
TRACI MCKINNON	DIRECTOR OF FINANCE	40.00	Officer	$91,359	$12,556	$103,915

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	$9,532,062	$8,879,642	$12,620,966	$652,420
2022	$8,632,128	$8,373,450	$11,785,868	$258,678
2021	$9,104,818	$7,131,300	$12,140,309	$1,973,518
2020	$6,872,974	$7,153,400	$10,454,872	$-280,426
2019	$9,485,151	$9,036,271	$10,779,594	$448,880
2018	$9,191,056	$8,420,119	$10,743,966	$770,937