VADNAIS HEIGHTS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)VADNAIS HEIGHTS ECONOMIC DEVELOPMENT CORPORATION, founded in 1984, is a small nonprofit that reported $128K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $112K left a modest 13% surplus.
OUR MISSION IS TO ENHANCE ECONOMIC DEVELOPMENT IN THE CITY OF VADNAIS HEIGHTS AND THE SURROUNDING AREAS THROUGH THE ATTRACTION, RETENTION, AND EXPANSION OF EXISTING BUSINESSES AND INDUSTRIES.
THE VHEDC IS A PRIVATE, NON-PROFIT ORGANIZATION ESTABLISHED TO FURTHER ECONOMIC DEVELOPMENT IN THE CITY OF VADNAIS HEIGHTS AND THE NORTHEAST METRO AREA. UNLIKE MOST ECONOMIC DEVELOPMENT AGENCIES, THE...
THE VHEDC IS A PRIVATE, NON-PROFIT ORGANIZATION ESTABLISHED TO FURTHER ECONOMIC DEVELOPMENT IN THE CITY OF VADNAIS HEIGHTS AND THE NORTHEAST METRO AREA. UNLIKE MOST ECONOMIC DEVELOPMENT AGENCIES, THE VHEDC IS INDEPENDENT OF ANY GOVERNMENTAL ENTITY. THE VHEDC IS COMPRISED OF LOCAL BUSINESS LEADERS WHO ARE FOCUSED ON CREATING NEW JOB OPPORTUNITIES RETAINING EXISTING JOBS, AND EXPANDING THE TAX BASE OF OUR AREA. BUSINESSES INVEST IN THE ORGANIZATION BOTH WITH THEIR FINANCIAL COMMITMENT AS WELL AS SERVICE COMMITTEES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $128,365 | $106,006 | +0.2% |
| Expenses | $111,839 | $102,855 | +0.1% |
| Net Income | $16,526 | $3,151 | +4.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SARA STAFKI | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MEGAN DOHMEN | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRIAN DEUEL | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| KATIE SWENSON | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TARA JEBENS-SINGH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LINDA TOMPSON CARPENTER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LAUREN WELCH LOFROMENTO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JUSTON ANDERSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CINDY O'DONOVAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| WAYNE KAZMIERCZAK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL WILHELMI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ED JAMBOR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MIKE PELTO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JILL FUNCK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOE ERICKSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KYLE SOMMER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SCOTT HAUPT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DEBORAH GUSTAFSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PATTY STEELE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LIZ MOSCATELLI | EXECUTIVE DIRECTOR | 32.00 |
Officer
|
$66,600 | $0 | $66,600 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $128,365 | $111,839 | $105,216 | $16,526 |
| 2023 | $106,006 | $102,855 | $88,690 | $3,151 |
| 2022 | $112,741 | $93,274 | $85,539 | $19,467 |
| 2021 | $154,975 | $139,192 | $66,072 | $15,783 |
| 2020 | $93,523 | $92,219 | $50,289 | $1,304 |
| 2019 | $136,356 | $165,494 | $48,985 | $-29,138 |
| 2018 | $172,505 | $198,147 | $78,123 | $-25,642 |
Compare VADNAIS HEIGHTS ECONOMIC DEVELOPMENT CORPORATION with other nonprofits in Minnesota and across the country.