PERSPECTIVES INC

EIN: 411288300 501(c)(3)

St Louis Park, MN

Total Revenue
$2,389,577
Total Expenses
$3,885,118
Total Assets
$4,593,256
Net Assets
$-418,975
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
MN
Phone
9528847477
Tax Period
2023-01-01 to 2023-12-31

PERSPECTIVES INC, founded in 1976, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $3.9M exceeded revenue, resulting in a 63% operating deficit.

Mission

Perspectives' Mission is breaking cycles for at-risk families and children for the total family recovery. Programs empower mothers and rebuild families by breaking the multigenerational cycle of trauma addiction homelessness and poverty.

Program Service Accomplishments

Program 1
Expenses: $1,198,804 Revenue: $1,355,844

Supportive Housing Program: Program Goal: to return homeless recovering women and their children back to social and economic mainstream. Target Population: Homeless recovering dual-diagnosed women...

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Supportive Housing Program: Program Goal: to return homeless recovering women and their children back to social and economic mainstream. Target Population: Homeless recovering dual-diagnosed women and their children referred by Hennepin County Coordinated Entry Shelter. Our Wrap around model includes fully furnished apartments case managers child care workers onsite program Liaisons transportation and an array of auxiliary programs. in 2023 129 women and children were serviced. 93% moved to permanent housing at move-put.

Program 2
Expenses: $310,643 Revenue: $284,313

Clinical Services: Program Goal: To provide integrated primary health substance abuse an mental health services to supportive housing clients for the purpose of increasing client's stabilization and...

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Clinical Services: Program Goal: To provide integrated primary health substance abuse an mental health services to supportive housing clients for the purpose of increasing client's stabilization and long-term outcomes. Target Population: Clients living within Perspectives' supportive housing program and referred community members. The program is run under the supervision of our clinical director and employed three mental health practitioners. in 2023 85 women and their children were served. These Services were discontinued on December 15 2023.

Program 3
Expenses: $291,038 Revenue: $325,353

Kids Connection: Program Goal: to increase the academic social and health outcomes of the homeless and at-risk children. Target Population: Homeless and at-risk children kindergarten-8th grade living...

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Kids Connection: Program Goal: to increase the academic social and health outcomes of the homeless and at-risk children. Target Population: Homeless and at-risk children kindergarten-8th grade living in St Louis Park School District. This comprehensive "out of school program" is taught by three teachers and trained volunteers. Program operated five days a week and twelve month of the year. In 2023 45 students were served. These services were discontinued on December 31 2023

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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 $582,708
Program Service Revenue $1,777,595
Investment Income $5,694
Other Revenue $23,580
TOTAL REVENUE $2,389,577

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,385,367
Fundraising Expenses $414,581
Program Expenses $2,106,720
Other Expenses $1,467,751
TOTAL EXPENSES $3,885,118

Year-over-Year Comparison

2023 2022 Change
Revenue $2,389,577 $3,739,721 -0.4%
Expenses $3,885,118 $4,680,817 -0.2%
Net Income $-1,495,541 $-941,096 +0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
49
Volunteers
75

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
$308,774
Total Directors
16
$192,209
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeannie SeeleySmith President CEO 50.00
Officer Director
$105,392 $26,057 $131,449
Cheryl Cochrane CFO 50.00
Officer
$97,135 $19,430 $116,565
Susan Grafton Chair 2.00
Officer Director
$0 $0 $0
James Kremer Vice Chair 2.00
Officer Director
$0 $0 $0
Dawn CourrierCable Treasurer 2.00
Officer Director
$0 $0 $0
Patricia Weller Secretary 2.00
Officer Director
$0 $0 $0
Lilia Panteleeva CEO 40.00
Officer Director
$56,628 $4,132 $60,760
Jill Sando Director 1.00
Director
$0 $0 $0
Peter Hayden Director 1.00
Director
$0 $0 $0
Rae Lesmeister Director 1.00
Director
$0 $0 $0
Vicki Moulder Director 1.00
Director
$0 $0 $0
Sue Zelickson Director 1.00
Director
$0 $0 $0
Karen Heithoff Director 1.00
Director
$0 $0 $0
Barry Stoffel Director 1.00
Director
$0 $0 $0
David McNally Director 1.00
Director
$0 $0 $0
Chelsea McClean Director 1.00
Director
$0 $0 $0
Cicki Wyard Director 1.00
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
2024 No data No data No data No data
2023 $2,389,577 $3,885,118 $4,593,256 $-1,495,541
2022 $3,739,721 $4,680,817 $5,845,666 $-941,096
2021 $4,782,856 $4,451,855 $5,864,131 $331,001
2020 $3,526,838 $3,948,871 $6,002,506 $-422,033
2018 $3,385,389 $3,666,617 $5,687,315 $-281,228
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