ALBERT LEA FAMILY Y HERITAGE FOUNDATION

EIN: 411423646 501(c)(3)

ALBERT LEA, MN

Total Revenue
$40,121
Total Expenses
$78,198
Total Assets
$1,158,688
Net Assets
$1,158,688
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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
DIANE SIMON
Phone
5073738228
Tax Period
2023-01-01 to 2023-12-31

ALBERT LEA FAMILY Y HERITAGE FOUNDATION, founded in 1981, is a micro nonprofit that reported $40K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $78K exceeded revenue, resulting in a 95% operating deficit.

Mission

TO ASSIST THE FAMILY YMCA OF ALBERT LEA, MINNESOTA, INC.

Program Service Accomplishments

Program 1
Expenses: $68,830

TO AID, ASSIST AND CONTRIBUTE TO THE SUPPORT OF ACTIVITIES, CAUSES, AND PROJECTS OF THE FAMILY YMCA OF ALBERT LEA, MINNESOTA, INC.

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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 $2,900
Program Service Revenue $0
Investment Income $37,221
Other Revenue $0
TOTAL REVENUE $40,121

Expense Breakdown

Grants Paid $68,830
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $68,830
Other Expenses $9,368
TOTAL EXPENSES $78,198

Year-over-Year Comparison

2023 2022 Change
Revenue $40,121 $36,256 +0.1%
Expenses $78,198 $61,473 +0.3%
Net Income $-38,077 $-25,217 +0.5%
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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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
12

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
5
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS DIESER Executive Dir. 1.00
Officer Director
$0 $0 $0
DIANE SIMON President 1.00
Officer Director
$0 $0 $0
DON NOLANDER Vice President 1.00
Officer Director
$0 $0 $0
KEVIN MILAND Secretary 1.00
Officer Director
$0 $0 $0
STEVE SCHWARTZ Treasurer 1.00
Officer Director
$0 $0 $0
DAN KOLKER Director 0.50
Director
$0 $0 $0
CHARLIE NEWELL Director 0.50
Director
$0 $0 $0
GREG WILSON Director 0.50
Director
$0 $0 $0
BRAD NIEHBUR Director 0.50
Director
$0 $0 $0
DENNIS DIESER Director 0.50
Director
$0 $0 $0
BILL DANIELSON Director 0.50
Director
$0 $0 $0
BOB HOEG Director 0.50
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 $40,121 $78,198 $1,158,688 $-38,077
2022 $36,256 $61,473 $1,089,582 $-25,217
2021 $168,487 $61,979 $1,283,537 $106,508
2020 $61,436 $10,675 $1,138,181 $50,761
2019 $46,564 $66,605 $936,579 $-20,041
2018 $48,846 $46,968 $860,745 $1,878
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