TRUE FRIENDS

EIN: 411543013 501(c)(3) Recreation & Sports

ANNANDALE, MN

Total Revenue
$13,251,463
Total Expenses
$8,065,304
Total Assets
$21,921,284
Net Assets
$20,720,663
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
MN
Principal Officer
JOHN LEBLANC
Phone
9528520101
Tax Period
2023-01-01 to 2023-12-31

TRUE FRIENDS, founded in 1985, is a mid-sized nonprofit in the Recreation & Sports sector that reported $13.3M in total revenue in fiscal year 2023. Revenue surged 100% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.2M, a strong 39% operating margin.

Mission

PROVIDE LIFE-CHANGING EXPERIENCES THAT ENHANCE INDEPENDENCE AND SELF-ESTEEM FOR CHILDREN AND ADULTS WITH DISABILITIES.

Program Service Accomplishments

Program 1
Expenses: $2,698,727 Revenue: $2,137,138

RESIDENTIAL CAMPPROGRAM PROVIDES OPPORTUNITIES FOR PEOPLE WITH AND WITHOUT DISABILITIES TO ENJOY THE BENEFIT FROM YEAR-ROUND, OUTDOOR RECREATIONAL AND LEISURE ACTIVITIES OFFERED AT CAMP FRIENDSHIP...

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RESIDENTIAL CAMPPROGRAM PROVIDES OPPORTUNITIES FOR PEOPLE WITH AND WITHOUT DISABILITIES TO ENJOY THE BENEFIT FROM YEAR-ROUND, OUTDOOR RECREATIONAL AND LEISURE ACTIVITIES OFFERED AT CAMP FRIENDSHIP, CAMP EDEN WOOD, CAMP COURAGE AND CAMP COURAGE NORTH. TRADITIONAL CAMP, RESORT ACTIVITIES AND SPECIALTY PROGRAMS HELP CREATE NEW SKILLS, BUILD CONFIDENCE, IMPROVE SELF-ESTEEM AND PROMOTE UNDERSTANDING, ACCEPTANCE, AND APPRECIATION FOR DIVERSITY IN HUMAN BEINGS. DAY CAMP AND WINTER CAMP PROGRAMS ARE ALSO AVAILABLE.

Program 2
Expenses: $2,122,331 Revenue: $1,246,954

EDUCATION AND TRAINING SERVICESPROGRAM PROVIDES EXPERIENTIAL LEARNING AND ENVIRONMENTAL EDUCATION SERVICES FOR SCHOOLS, YOUTH AT RISK, AND OTHER NONPROFIT GROUPS AND TRANSITIONAL EMPLOYMENT AND WORK...

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EDUCATION AND TRAINING SERVICESPROGRAM PROVIDES EXPERIENTIAL LEARNING AND ENVIRONMENTAL EDUCATION SERVICES FOR SCHOOLS, YOUTH AT RISK, AND OTHER NONPROFIT GROUPS AND TRANSITIONAL EMPLOYMENT AND WORK RELATED TRAINING FOR PEOPLE WITH AND WITHOUT DISABILITIES. HIGH AND LOW ROPES COURSES, ZIP LINES AND CLIMBING TOWERS ARE UTILIZED TO BUILD CONFIDENCE AND DEVELOP TEAM DYNAMICS.

Program 3
Expenses: $844,719 Revenue: $304,949

TRUE STRIDESPROGRAM PROVIDES HIPPOTHERAPY, THERAPEUTIC RIDING, AND HORSEMANSHIP EXPERIENCES FOR INDIVIDUALS WITH DISABILITIES, BOTH CHILDREN AND ADULTS. THE RIDING THERAPY TAKES PLACE AT CAMP...

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TRUE STRIDESPROGRAM PROVIDES HIPPOTHERAPY, THERAPEUTIC RIDING, AND HORSEMANSHIP EXPERIENCES FOR INDIVIDUALS WITH DISABILITIES, BOTH CHILDREN AND ADULTS. THE RIDING THERAPY TAKES PLACE AT CAMP COURAGE. TRUE STRIDES PROVIDES OPPORTUNITIES FOR INDIVIDUALS OF ALL ABILITIES TO EXPERIENCE EXCEPTIONAL EQUINE-ASSISTED ACTIVITIES BY FACILITATING THE HORSE CAMP PROGRAMS AND SPECIAL RESPITE PROGRAMMING.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,331,260
Program Service Revenue $4,439,368
Investment Income $79,235
Other Revenue $401,600
TOTAL REVENUE $13,251,463

Expense Breakdown

Grants Paid $63,273
Salaries & Benefits $4,642,125
Fundraising Expenses $1,018,635
Program Expenses $6,857,643
Other Expenses $3,338,054
TOTAL EXPENSES $8,065,304

Year-over-Year Comparison

2023 2022 Change
Revenue $13,251,463 $6,634,209 +1.0%
Expenses $8,065,304 $6,904,860 +0.2%
Net Income $5,186,159 $-270,651 -20.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
17
Employees
335
Volunteers
226

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
$269,667
Total Directors
18
$162,529
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN LEBLANC PRESIDENT & CEO 32.00
Officer Director
$162,529 $0 $162,529
MARY ELLEN WELLS CHAIR 2.00
Officer Director
$0 $0 $0
PETER RUNDQUIST VICE CHAIR 2.00
Officer Director
$0 $0 $0
MARK FERIANCEK TREASURER 2.00
Officer Director
$0 $0 $0
ASHLEY TUNER MEMBER 2.00
Director
$0 $0 $0
COURTNEY MILLER MEMBER 2.00
Director
$0 $0 $0
DEB SALHUS MEMBER 2.00
Director
$0 $0 $0
FELICIA THAMES MEMBER 2.00
Director
$0 $0 $0
JEFF SCHROCK MEMBER 2.00
Director
$0 $0 $0
JOHN WOODWARD MEMBER THROUGH JUNE 2.00
Director
$0 $0 $0
JONATHAN GORDON MEMBER THROUGH FEBRUARY 2.00
Director
$0 $0 $0
JULIE MIELKE MEMBER 2.00
Director
$0 $0 $0
MARILYN HALLSTROM MEMBER 2.00
Director
$0 $0 $0
MARK ZASTROW MEMBER 2.00
Director
$0 $0 $0
NANCY KOEHLER MEMBER 2.00
Director
$0 $0 $0
PETER RAMME MEMBER 2.00
Director
$0 $0 $0
ROB OTOS MEMBER 2.00
Director
$0 $0 $0
SHELLY NELSON MEMBER 2.00
Director
$0 $0 $0
STEVEN PIEKARSKI SR. DIRECTOR OF OPERATIONS 45.00
Officer
$107,138 $0 $107,138
RUTH KEWITSCH SR. DIRECTOR OF DEVELOPMENT 40.00
Highest
$104,214 $0 $104,214
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 $13,251,463 $8,065,304 $21,921,284 $5,186,159
2022 $6,634,209 $6,904,860 $16,448,566 $-270,651
2021 $6,519,865 $5,386,380 $17,252,878 $1,133,485
2020 $5,336,118 $4,723,556 $16,949,001 $612,562
2019 $9,153,368 $8,427,824 $16,472,551 $725,544
2018 $10,715,387 $8,591,969 $16,054,310 $2,123,418
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