ENTERPRISE NORTH INC

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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

1969

Legal Domicile

Principal Officer

DANA O'BRIEN

Phone

5072338900

Tax Period

2024-01-01 to 2024-12-31

ENTERPRISE NORTH INC, founded in 1969, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 11% surplus.

Mission

TO PROVIDE EACH INDIVIDUAL WITH QUALITY SERVICES. EMPHASIS IS PLACED ON SKILL ACQUISITION IN VOCATIONAL AND SOCIAL DEVELOPMENT AND TO EXPAND EACH INDIVIDUAL'S PERSONAL CAPABILITIES.

Program Service Accomplishments

Program 1

Expenses: $685,324 Revenue: $741,234

ENTERPRISE NORTH SITE: ENTERPRISE NORTH PROVIDES VOCATIONAL AND DAY SUPPORTS FOR ADULTS WITH PHYSICAL AND DEVELOPMENTAL DISABILITIES. SERVICES ARE PROVIDED FOR ADULTS RANGING IN AGES FROM 18 TO 80+ FOR 248 DAYS OUT OF EACH YEAR. THIS SITE IS LICENSED TO SERVE 40 AND FOCUSES ON THE INDIVIDUAL NEEDS OF EACH PERSON. THE PROGRAM PROVIDES VOCATIONAL TRAINING AND IN-HOUSE JOB OPPORTUNITIES AS WELL AS SUPPORT FOR INDIVIDUALS WHO WORK IN THE COMMUNITY. IN ADDITION, THE PROGRAM OFFERS LEISURE ACTIVITIES ON SITE, SUPPORT FOR INDIVIDUALS TO PARTICIPATE IN COMMUNITY ACTIVITIES, AND INDIVIDUAL LEARNING ACTIVITIES FOR SOCIALIZATION AND INDEPENDENT LIVING SKILLS.

Program 2

Expenses: $297,139 Revenue: $215,732

MADELIA ENTERPRISE SITE: MADELIA ENTERPRISE PROVIDES THE SAME SERVICES AS NOTED ABOVE AT THE ENTERPRISE NORTH SITE. THE PROGRAM IS LICENSED TO SERVE 30 INDIVIDUALS.

Program 3

Expenses: $221,794 Revenue: $261,147

ENTERPRISE THRIFT SHOPPE: ENTERPRISE NORTH, INC. ALSO OPERATES THE ENTERPRISE THRIFT SHOPPE IN MADELIA, MN. THE THRIFT SHOPPE IS LICENSED TO SERVE 10 PEOPLE WITH DEVELOPMENTAL DISABILITIES PROVIDING THEM THE OPPORTUNITY TO WORK IN THE COMMUNITY AND PARTICIPATE IN MANY DIFFERENT JOBS OF RUNNING THE STORE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,981

Program Service Revenue $1,704,391

Investment Income $63,025

Other Revenue $111,995

TOTAL REVENUE $1,881,392

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,312,325

Fundraising Expenses $0

Program Expenses $1,430,309

Other Expenses $355,479

TOTAL EXPENSES $1,667,804

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,881,392	$1,666,886	+0.1%
Expenses	$1,667,804	$1,469,111	+0.1%
Net Income	$213,588	$197,775	+0.1%

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

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

$94,699

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM PETTERSEN	BOARD CHAIR	0.20	Officer Director	$0	$0	$0
LISA SCHANUS-MACK	BOARD VICE-CHAIR	0.20	Officer Director	$0	$0	$0
MYRON SEIDL	SECRETARY/TREASURER	0.20	Officer Director	$0	$0	$0
DAN BRAAM	DIRECTOR	0.20	Director	$0	$0	$0
KIM HEMPHILL-SCHMITZ	DIRECTOR	0.20	Director	$0	$0	$0
JULIE PACE	DIRECTOR	0.20	Director	$0	$0	$0
VICKI PIESER	DIRECTOR	0.20	Director	$0	$0	$0
JOHN SCHMIDT	DIRECTOR	0.20	Director	$0	$0	$0
YVONNE WEBER	DIRECTOR	0.20	Director	$0	$0	$0
SCOTT WINDSCHITL	DIRECTOR	0.20	Director	$0	$0	$0
DANA O'BRIEN	EXECUTIVE DIRECTOR	40.00	Officer	$77,976	$16,723	$94,699

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	$1,881,392	$1,667,804	$2,006,036	$213,588
2023	$1,666,886	$1,469,111	$1,799,792	$197,775
2022	$1,517,248	$1,373,147	$1,578,386	$144,101
2021	$1,610,858	$1,250,316	$1,433,189	$360,542
2020	$1,022,930	$1,237,578	$1,072,648	$-214,648
2019	$1,359,463	$1,433,259	$1,233,470	$-73,796
2018	$1,394,044	$1,405,713	$1,303,620	$-11,669