Area Neighborhood Service Center Inc

EIN: 411452216 501(c)(3)

Waseca, MN

Total Revenue
$638,918
Total Expenses
$536,488
Total Assets
$764,893
Net Assets
$454,460
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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
1983
Legal Domicile
MN
Principal Officer
Rev Larry Sipe
Phone
5078334119
Tax Period
2023-01-01 to 2023-12-31

Area Neighborhood Service Center Inc, founded in 1983, is a small nonprofit that reported $639K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $102K, a strong 16% operating margin.

Mission

The Waseca Area Neighborhood Service Center offers resources to those who want to improve their lives.

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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 $432,938
Program Service Revenue $0
Investment Income $611
Other Revenue $205,369
TOTAL REVENUE $638,918

Expense Breakdown

Grants Paid $225,541
Salaries & Benefits $199,630
Fundraising Expenses $0
Program Expenses $447,636
Other Expenses $111,317
TOTAL EXPENSES $536,488

Year-over-Year Comparison

2023 2022 Change
Revenue $638,918 $483,421 +0.3%
Expenses $536,488 $544,299 0.0%
Net Income $102,430 $-60,878 -2.7%
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
13
Independent Members
12
Employees
17
Volunteers
100

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
3
$32,307
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cynthia Kolander Executive Dir. 40.00
Officer
$32,307 $0 $32,307
Julie Oslund Board Member 1.00
Director
$0 $0 $0
Gretchen Priebe Board Member 1.00
Director
$0 $0 $0
Mary Sofia Clayton Board Member 1.00
Director
$0 $0 $0
Beverly Herfindahl Board Member 1.00
Director
$0 $0 $0
Rhonda Christianson Board Member 1.00
Director
$0 $0 $0
Jack Williams Board Member 1.00
Director
$0 $0 $0
Vicki Niedt Board Member 1.00
Director
$0 $0 $0
Lisa Molkoff Board Member 1.00
Director
$0 $0 $0
Gary Worke Board Member 1.00
Director
$0 $0 $0
Karen Carlson Board Member 1.00
Director
$0 $0 $0
Rev Larry Sipe Chair 1.00
Officer
$0 $0 $0
James Britton Vice Chair 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 $638,918 $536,488 $764,893 $102,430
2022 $483,421 $544,299 $663,736 $-60,878
2021 $492,383 $447,409 $483,143 $44,974
2020 $305,522 $285,663 $443,944 $19,859
2019 $496,536 $472,847 $431,340 $23,689
2018 $547,830 $530,325 $421,168 $17,505
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