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.
SRC IS COMMITTED TO MAKING HOMES HEALTHY, SAFE AND ENERGY EFFICIENT FOR LOW INCOME RESIDENTS OF MINNESOTA. FOR OVER 45 YEARS, SRC HAS SPECIALIZED IN WEATHERIZATION, LEAD HAZARD DETECTION AND REMEDIATION, HEALTHY HOMES TRAINING AND AGING IN PLACE SERVICES. SRC FOCUSES ON RETROFITTING HOMES TO IMPROVE THE INDOOR LIVING ENVIRONMENT. ENERGY EFFICIENCY PROGRAMS MAKE THE HOME MORE AFFORDABLE BY REDUCING THE AMOUNT OF ENERGY REQUIRED TO HEAT AND COOL THE STRUCTURE. HEALTHY HOMES PROGRAMS REMOVE HEALTH RISKS SUCH AS LEAD PAINT, RADON, MOLD, ETC. SRC ALSO CONDUCTS COMMUNITY OUTREACH, PROVIDES EDUCATIONAL TRAINING, AND TESTS CHILDREN FOR LEAD POISONING.
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 |
Compare SUSTAINABLE RESOURCES CENTER INC with other nonprofits in Minnesota and across the country.