MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SUSTAINABLE RESOURCES CENTER INC, founded in 1976, is a mid-sized nonprofit in the Environment sector that reported $14.9M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $14.1M left a modest 5% surplus.
SUSTAINABLE RESOURCES CENTER, INC. (SRC) IS A 501(C)(3) NONPROFIT ORGANIZATION DEDICATED TO ADVANCING THE CAUSE OF HEALTHY HOMES. OUR MISSION IS TO CREATE HEALTHY AND ENERGY-EFFICIENT HOME ENVIRONMENTS IN PARTNERSHIP WITH FAMILIES AND COMMUNITIES. OUR VISION IS THAT ALL FAMILIES LIVE IN HOMES THAT ARE SAFE, ENERGY EFFICIENT, HAVE CLEAN INDOOR AIR, AND ARE FREE OF MOLD, TOXINS, PESTS AND EXCESS MOISTURE.
WEATHERIZATION: SRC EXECUTES THE U.S. DEPARTMENT OF ENERGY'S WEATHERIZATION ASSISTANCE PROGRAM ADMINISTERED THROUGH THE MINNESOTA DEPARTMENT OF COMMERCE. THE PROGRAM REDUCES ENERGY COSTS FOR...
WEATHERIZATION: SRC EXECUTES THE U.S. DEPARTMENT OF ENERGY'S WEATHERIZATION ASSISTANCE PROGRAM ADMINISTERED THROUGH THE MINNESOTA DEPARTMENT OF COMMERCE. THE PROGRAM REDUCES ENERGY COSTS FOR LOW-INCOME INDIVIDUALS BY INCREASING THE ENERGY EFFICIENCY OF THEIR HOMES WHILE ENSURING THE HEALTH AND SAFETY OF OCCUPANTS. SRC SERVES THE RESIDENTS OF HENNEPIN COUNTY AND IS THE STATE'S LARGEST PROVIDER. SRC CONDUCTS ENERGY AUDITS, PREPARES WORK SPECIFICATIONS, OVERSEES CONTRACTORS AND INSPECTS COMPLETED JOBS. WORK INCLUDES ADDING WALL AND ATTIC INSULATION, SEALING AIR LEAKS, REPLACING INEFFICIENT FURNACES AND ADDRESSES HEALTH & SAFETY CONCERNS SUCH AS INADEQUATE VENTILATION, EXCESSIVE MOISTURE, COMBUSTION SAFETY AND SMOKE & CO DETECTORS. SRC HOLDS CONTRACTS WITH ENERGY UTILITY COMPANIES TO CONDUCT SIMILAR WORK FOR THE UTILITIES' LOW-INCOME CUSTOMERS
LEAD HAZARD CONTROL, HEALTHY HOMES, AND AGING IN PLACE:SRC HAS PROVIDED OVER 20 YEARS OF LEAD HAZARD CONTROL AND HEALTHY HOMES SERVICES AS A SUB-GRANTEE/CONTRACTOR ON HUD GRANTS FOR HENNEPIN COUNTY...
LEAD HAZARD CONTROL, HEALTHY HOMES, AND AGING IN PLACE:SRC HAS PROVIDED OVER 20 YEARS OF LEAD HAZARD CONTROL AND HEALTHY HOMES SERVICES AS A SUB-GRANTEE/CONTRACTOR ON HUD GRANTS FOR HENNEPIN COUNTY AND FOR THE MINNESOTA DEPARTMENT OF HEALTH. SRC PROVIDES PAINT INSPECTIONS/RISK ASSESSMENTS AND REMEDIATES THOSE HAZARDS PRIMARILY BY REPLACING LEAD-PAINTED WINDOWS. SRC ALSO ADDRESSES A VARIETY OF OTHER HEALTHY HOMES ISSUES FOR THE LOW INCOME SEGMENT INCLUDING MOLD & MOISTURE PROBLEMS, PEST INFILTRATION, INSTALLATION OF GRAB BARS AND HANDRAILS, ETC.
LEAD POISONING EDUCATION & OUTREACH:SRC IS A LEADING ADVOCATE FOR LEAD HAZARD AWARENESS AND THE IMPACT ON CHILDREN'S BRAIN DEVELOPMENT AND NERVOUS SYSTEMS DUE TO LEAD POISONING. EACH YEAR SRC'S...
LEAD POISONING EDUCATION & OUTREACH:SRC IS A LEADING ADVOCATE FOR LEAD HAZARD AWARENESS AND THE IMPACT ON CHILDREN'S BRAIN DEVELOPMENT AND NERVOUS SYSTEMS DUE TO LEAD POISONING. EACH YEAR SRC'S COMMUNITY OUTREACH INCLUDES CONDUCTING DOZENS OF OUTREACH EVENTS, TESTING HUNDREDS OF CHILDREN FOR LEAD POISONING, VISITING SEVERAL HUNDRED HOMES TO EDUCATE OCCUPANTS ON LEAD, ASTHMA, AND OTHER HEALTHY HOMES ISSUES AND TAKE LEAD DUST SAMPLES. SRC ALSO TEACHES LEAD AND HEALTHY HOMES CLASSES TO HOMEOWNERS, TENANTS, LANDLORDS AND COMMUNITY HEALTH WORKERS IN ENGLISH AND SPANISH. SRC'S LEAD TESTING VAN DRIVES AROUND THE STATE TO PROVIDE LEAD TESTING AND EDUCATIONAL SERVICES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $14,900,802 | $12,044,471 | +0.2% |
| Expenses | $14,138,044 | $11,585,935 | +0.2% |
| Net Income | $762,758 | $458,536 | +0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RICHARD KAVANEY | CHAIRPERSON | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BECKY YUST | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRIS WILSON | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAN CHEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK GLEASON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| REILLY GOODWIN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JED NORGAARDEN | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$226,155 | $32,405 | $258,560 |
| DANIEL ROBERTS | ENERGY PROGRAMS DIRECTOR | 1.00 |
Highest
|
$110,953 | $22,232 | $133,185 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $14,900,802 | $14,138,044 | $5,151,966 | $762,758 |
| 2023 | $12,044,471 | $11,585,935 | $4,930,520 | $458,536 |
| 2022 | $10,700,068 | $10,260,890 | $4,326,850 | $439,178 |
| 2021 | $9,518,070 | $8,963,753 | $3,332,676 | $554,317 |
| 2020 | $6,527,460 | $6,356,620 | $2,404,084 | $170,840 |
| 2019 | $8,407,247 | $8,223,767 | $2,790,355 | $183,480 |
| 2018 | $8,161,871 | $7,945,492 | $2,113,172 | $216,379 |
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