LAURA BAKER SCHOOL ASSOCIATION

EIN: 411291483 501(c)(3)

NORTHFIELD, MN

Total Revenue
$5,958,390
Total Expenses
$7,554,205
Total Assets
$5,012,804
Net Assets
$3,682,993
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
MN
Principal Officer
SANDRA GERDES
Phone
5076458866
Tax Period
2023-01-01 to 2023-12-31

LAURA BAKER SCHOOL ASSOCIATION, founded in 1977, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2023. Expenses of $7.6M exceeded revenue, resulting in a 27% operating deficit.

Mission

TO PROVIDE HOUSING AND OTHER SERVICES TO ADULTS AND CHILDREN WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. OUR MISSION IS TO RESPECT THE LIFE CHOICES AND DREAMS OF PEOPLE WITH DEVELOPMENTAL DISABILITIES AND HELP THEM REACH THEIR GOALS.

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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 $1,006,691
Program Service Revenue $4,880,591
Investment Income $69,944
Other Revenue $1,164
TOTAL REVENUE $5,958,390

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,348,577
Fundraising Expenses $427,792
Program Expenses $6,170,549
Other Expenses $2,205,628
TOTAL EXPENSES $7,554,205

Year-over-Year Comparison

2023 2022 Change
Revenue $5,958,390 $5,684,388 +0.0%
Expenses $7,554,205 $5,908,856 +0.3%
Net Income $-1,595,815 $-224,468 +6.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
179
Volunteers
250

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
6
$112,745
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BOB GILBERTSON PRESIDENT 2.00
Officer Director
$0 $0 $0
RUTH NEUGER VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
KENT HOLDEN TREASURER 2.00
Officer Director
$0 $0 $0
CHERYL BUCK TRUSTEE 1.00
Director
$0 $0 $0
STEVEN UNDERDAHL TRUSTEE 1.00
Director
$0 $0 $0
MATT CHRISTENSEN TRUSTEE 1.00
Director
$0 $0 $0
CAROLINE YAUN SECRETARY 2.00
Officer Director
$0 $0 $0
CARRIE DUBA TRUSTEE 1.00
Director
$0 $0 $0
JIM LOE TRUSTEE 1.00
Director
$0 $0 $0
MELEAH FOLLEN TRUSTEE 1.00
Director
$0 $0 $0
KENNA SCHULZ TRUSTEE 1.00
Director
$0 $0 $0
GRETCHEN EHRESMANN TRUSTEE 1.00
Director
$0 $0 $0
PHIL STORM TRUSTEE 1.00
Director
$0 $0 $0
SHREYA ASHOK STUDENT BOARD MEMBER 1.00
Director
$0 $0 $0
SANDRA GERDES EXECUTIVE DIRECTOR 40.00
Officer
$109,145 $0 $109,145
CANDI LEMARR CFO 40.00
Officer
$3,600 $0 $3,600
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 $5,958,390 $7,554,205 $5,012,804 $-1,595,815
2022 $5,684,388 $5,908,856 $6,785,435 $-224,468
2021 $5,578,294 $5,884,323 $5,414,331 $-306,029
2021 $7,101,896 $6,189,043 $6,937,933 $912,853
2020 $6,507,428 $5,997,399 $5,823,798 $510,029
2019 $5,915,903 $6,015,985 $5,511,927 $-100,082
2018 $5,551,259 $5,745,656 $5,746,452 $-194,397
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