BESTPREP

EIN: 411265355 501(c)(3)

BROOKLYN PARK, MN

Total Revenue
$2,653,478
Total Expenses
$2,369,904
Total Assets
$2,569,889
Net Assets
$2,199,721
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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
1976
Legal Domicile
MN
Principal Officer
ROBERT H KAITZ
Phone
7633980090
Tax Period
2023-09-01 to 2024-08-31

BESTPREP, founded in 1976, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.4M left a modest 11% surplus.

Mission

TO BEST PREPARE MINNESOTA STUDENTS WITH BUSINESS, CAREER AND FINANCIAL LITERACY SKILLS.

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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 $2,694,279
Program Service Revenue $34,547
Investment Income $104,529
Other Revenue $-179,877
TOTAL REVENUE $2,653,478

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,729,019
Fundraising Expenses $182,728
Program Expenses $1,954,246
Other Expenses $640,885
TOTAL EXPENSES $2,369,904

Year-over-Year Comparison

2023 2022 Change
Revenue $2,653,478 $2,434,355 +0.1%
Expenses $2,369,904 $2,155,325 +0.1%
Net Income $283,574 $279,030 +0.0%
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
58
Independent Members
58
Employees
42
Volunteers
5000

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
7
$483,705
Total Directors
59
$267,287
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE BLUME BOARD MEMBER 0.50
Director
$0 $0 $0
BEN BRATLAND BOARD MEMBER 0.50
Director
$0 $0 $0
HANNAH COLEMAN BOARD MEMBER 0.50
Director
$0 $0 $0
KENNY DEVINE BOARD MEMBER 0.50
Director
$0 $0 $0
CATE FREEMAN BOARD MEMBER 0.50
Director
$0 $0 $0
NATE HOCH BOARD MEMBER 0.50
Director
$0 $0 $0
MIKE KRONEBUSCH BOARD MEMBER 0.50
Director
$0 $0 $0
DAN LEAR BOARD MEMBER 0.50
Director
$0 $0 $0
VALERIE LITTLES-BUTLER BOARD MEMBER 0.50
Director
$0 $0 $0
ASHLEY ERICKSON BOARD MEMBER 0.50
Director
$0 $0 $0
KRISTY BECKMAN BOARD MEMBER 0.50
Director
$0 $0 $0
BRIAN BOARDMAN BOARD MEMBER 0.50
Director
$0 $0 $0
KIM BOYLTON SECRETARY 2.00
Officer Director
$0 $0 $0
CHASE BRAKKE BOARD MEMBER 0.50
Director
$0 $0 $0
DEAN BREUER BOARD MEMBER 0.50
Director
$0 $0 $0
ANDY DARVELL BOARD MEMBER 0.50
Director
$0 $0 $0
RHONDA DEAN BOARD MEMBER 0.50
Director
$0 $0 $0
JOANNA EHRESMAN BOARD MEMBER 0.50
Director
$0 $0 $0
ANITA GOEBEL TREASURER 2.00
Officer Director
$0 $0 $0
ANDY HENNIG BOARD MEMBER 0.50
Director
$0 $0 $0
DAN HOGAN BOARD MEMBER 0.50
Director
$0 $0 $0
KIM HULTGREN BOARD MEMBER 0.50
Director
$0 $0 $0
DON JOHNSON BOARD MEMBER 0.50
Director
$0 $0 $0
KESHIA JONES BOARD MEMBER 0.50
Director
$0 $0 $0
GRETA KOEHLER BOARD MEMBER 0.50
Director
$0 $0 $0
PAUL LANGLOIS VICE CHAIR 2.00
Officer Director
$0 $0 $0
BETSY LULFS BOARD MEMBER 0.50
Director
$0 $0 $0
DOUGLAS MARTIN BOARD MEMBER 0.50
Director
$0 $0 $0
JEFF MUNNEKE BOARD MEMBER 0.50
Director
$0 $0 $0
AMANDA MUNOZ BOARD MEMBER 0.50
Director
$0 $0 $0
MARC OLSON BOARD CHAIR 2.00
Officer Director
$0 $0 $0
JAMES PATE BOARD MEMBER 0.50
Director
$0 $0 $0
BRYAN POLLEY BOARD MEMBER 0.50
Director
$0 $0 $0
SCOTT MORRIS BOARD MEMBER 0.50
Director
$0 $0 $0
JAMES REDELSHEIMER BOARD MEMBER 0.50
Director
$0 $0 $0
JESSE ROSS BOARD MEMBER 0.50
Director
$0 $0 $0
LIZA SAYRE BOARD MEMBER 0.50
Director
$0 $0 $0
MICHAEL REMINGTON BOARD MEMBER 0.50
Director
$0 $0 $0
CASEY SCHOEN BOARD MEMBER 0.50
Director
$0 $0 $0
JARED SHASKY BOARD MEMBER 0.50
Director
$0 $0 $0
MAGGIE SNETTING BOARD MEMBER 0.50
Director
$0 $0 $0
ANDY TATE BOARD MEMBER 0.50
Director
$0 $0 $0
ROZ TSAI BOARD MEMBER 0.50
Director
$0 $0 $0
COLE TURNBOW BOARD MEMBER 0.50
Director
$0 $0 $0
SARAH VANDENBERG BOARD MEMBER 0.50
Director
$0 $0 $0
JOHN WAGNER BOARD MEMBER 0.50
Director
$0 $0 $0
STEVE WEITZ BOARD MEMBER 0.50
Director
$0 $0 $0
BRIDGET SWENSON BOARD MEMBER 0.50
Director
$0 $0 $0
BRAD ZASTOUPIL BOARD MEMBER 0.50
Director
$0 $0 $0
MIKE FISHER BOARD MEMBER 0.50
Director
$0 $0 $0
JILL GIEFER BOARD MEMBER 0.50
Director
$0 $0 $0
JEREMY GOGOS BOARD MEMBER 0.50
Director
$0 $0 $0
JEFF GONSALES BOARD MEMBER 0.50
Director
$0 $0 $0
WHITNEY-LEHR KOENING BOARD MEMBER 0.50
Director
$0 $0 $0
CASEY MERKWAN BOARD MEMBER 0.50
Director
$0 $0 $0
DAWN PRUITT BOARD MEMBER 0.50
Director
$0 $0 $0
CHANEL RIVERS BOARD MEMBER 0.50
Director
$0 $0 $0
RASHMI VASHISHT BOARD MEMBER 0.50
Director
$0 $0 $0
BONNIE VAGASKY VP EXTERNAL RELATIONS 50.00
Officer
$114,583 $0 $114,583
ROBERT KAITZ PRESIDENT & CEO 50.00
Officer Director
$267,287 $0 $267,287
JOHN SCHULTE VP FINANCE & TECHNOLOGY 50.00
Officer
$101,835 $0 $101,835
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 $2,653,478 $2,369,904 $2,569,889 $283,574
2023 $2,434,355 $2,155,325 $2,201,742 $279,030
2022 $2,475,251 $2,026,355 $1,818,890 $448,896
2021 $1,901,319 $1,895,445 $1,636,852 $5,874
2020 $1,964,657 $1,786,806 $1,525,881 $177,851
2019 $1,588,346 $1,675,279 $1,324,227 $-86,933
2018 $1,706,262 $1,610,718 $1,148,238 $95,544
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