SENIOR RESOURCES OF FREEBORN COUNTY

EIN: 411384794 501(c)(3) Social Science

ALBERT LEA, MN

Total Revenue
$224,325
Total Expenses
$274,287
Total Assets
$129,193
Net Assets
$120,184
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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
1981
Legal Domicile
MN
Principal Officer
APRIL SCHUUR
Phone
5073777433
Tax Period
2023-01-01 to 2023-12-31

SENIOR RESOURCES OF FREEBORN COUNTY, founded in 1981, is a small nonprofit in the Social Science sector that reported $224K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $274K exceeded revenue, resulting in a 22% operating deficit.

Mission

ADMINISTERS PROGRAMS/SERVICES TO FURTHER THE PSYCHOLOGICAL AND PHYSICAL WELL-BEING OF THE AGING.

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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 $146,227
Program Service Revenue $78,098
Investment Income $0
Other Revenue $0
TOTAL REVENUE $224,325

Expense Breakdown

Grants Paid $0
Salaries & Benefits $169,173
Fundraising Expenses $0
Program Expenses $223,024
Other Expenses $105,114
TOTAL EXPENSES $274,287

Year-over-Year Comparison

2023 2022 Change
Revenue $224,325 $306,487 -0.3%
Expenses $274,287 $295,151 -0.1%
Net Income $-49,962 $11,336 -5.4%
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
9
Independent Members
9
Employees
5
Volunteers
17

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
8
$54,704
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
APRIL SCHUUR EX. DIRECTOR 40.00
Officer
$54,704 $0 $54,704
KATIE DAVIS DIRECTOR 1.00
Director
$0 $0 $0
BEAU HARTMAN DIRECTOR 1.00
Director
$0 $0 $0
CORINNE ANDERSON DIRECTOR 1.00
Officer
$0 $0 $0
CINDY BODENSTEINER SECRETARY 1.00
Officer
$0 $0 $0
TYLER DORAN DIRECTOR 1.00
Officer
$0 $0 $0
JEAN PESTORIOUS TREASURER 1.00
Officer
$0 $0 $0
CHUCK POWNELL DIRECTOR 1.00
Officer
$0 $0 $0
MARY SCHROADER PRESIDENT 1.00
Officer
$0 $0 $0
KARI THOSTENSON DIRECTOR 1.00
Officer
$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 $224,325 $274,287 $129,193 $-49,962
2022 $306,487 $295,151 $187,581 $11,336
2021 $283,624 $287,116 $169,574 $-3,492
2020 $293,213 $256,107 $170,711 $37,106
2019 $367,274 $371,240 $141,469 $-3,966
2018 $391,805 $372,107 $146,101 $19,698
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