FUNCTIONAL INDUSTRIES INC

EIN: 411223547 501(c)(3)

BUFFALO, MN

Total Revenue
$6,300,331
Total Expenses
$5,476,416
Total Assets
$13,626,924
Net Assets
$13,243,438
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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
1973
Legal Domicile
MN
Principal Officer
LISA M ZWART
Phone
7636824336
Tax Period
2024-07-01 to 2025-06-30

FUNCTIONAL INDUSTRIES INC, founded in 1973, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $5.5M left a modest 13% surplus.

Mission

TO CREATE AND PROMOTE INNOVATIVE OPPORTUNITIES THAT REVEAL THE NATURAL POTENTIAL OF EACH PERSON WE SERVE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $964,206
Program Service Revenue $4,841,150
Investment Income $494,975
Other Revenue $0
TOTAL REVENUE $6,300,331

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,033,244
Fundraising Expenses $0
Program Expenses $4,719,368
Other Expenses $1,443,172
TOTAL EXPENSES $5,476,416

Year-over-Year Comparison

2024 2023 Change
Revenue $6,300,331 $5,617,722 +0.1%
Expenses $5,476,416 $5,122,745 +0.1%
Net Income $823,915 $494,977 +0.7%
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
10
Independent Members
10
Employees
218
Volunteers
9

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
5
$171,499
Total Directors
10
$0
Key Employees
1
$368,378
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA ZWART PRESIDENT AND CEO 40.00
Key Emp
$325,635 $42,743 $368,378
STEPHANIE FEEKES CHIEF FINANCIAL OFFICER 40.00
Officer
$132,713 $38,786 $171,499
AMBER OSTER VICE PRESIDENT OF WORKFORC 40.00
Highest
$121,671 $33,568 $155,239
ASHLEY NORDLIE VICE PRESIDENT OF PROGRAMS AND SERVICES 40.00
Highest
$110,664 $17,858 $128,522
ROB STARK CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL FOELL VICE CHAIR 0.50
Officer Director
$0 $0 $0
SHAUN CORBIN TREASURER 0.12
Officer Director
$0 $0 $0
CHERRYL GILMER SECRETARY 0.12
Officer Director
$0 $0 $0
BRUCE ANDERSON DIRECTOR 0.25
Director
$0 $0 $0
STEPHANIE CAPPELLERI DIRECTOR 0.25
Director
$0 $0 $0
VINCENT LUNDEEN DIRECTOR 0.25
Director
$0 $0 $0
TRISH TAYLOR DIRECTOR 0.25
Director
$0 $0 $0
DENIESE KOCH DIRECTOR 0.12
Director
$0 $0 $0
CHELSIE SCHMID DIRECTOR 0.12
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 $6,300,331 $5,476,416 $13,626,924 $823,915
2024 $5,617,722 $5,122,745 $12,770,199 $494,977
2023 $4,877,661 $5,004,278 $12,233,501 $-126,617
2022 $5,508,910 $5,322,097 $11,618,869 $186,813
2021 $4,983,126 $3,705,342 $12,234,898 $1,277,784
2021 $4,905,471 $4,371,483 $11,385,680 $533,988
2020 $5,555,408 $5,409,492 $10,853,837 $145,916
2019 $6,181,452 $5,477,349 $10,583,178 $704,103
2018 $6,128,283 $5,663,825 $9,901,469 $464,458
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