EDUCATION FOUNDATION OF BLOOMINGTON

EIN: 411568904 501(c)(3)

MINNEAPOLIS, MN

Total Revenue
$166,446
Total Expenses
$177,177
Total Assets
$1,831,770
Net Assets
$1,831,770
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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
1986
Legal Domicile
MN
Principal Officer
MELISSA RIEBEL
Phone
9523887481
Tax Period
2022-07-01 to 2023-06-30

EDUCATION FOUNDATION OF BLOOMINGTON, founded in 1986, is a small nonprofit that reported $166K in total revenue in fiscal year 2022. Revenue fell 22% from the prior year — a significant decline worth monitoring. Net assets of $1.8M represent 132 months of operating reserves.

Mission

PROVIDE AND FACILITATE PROGRAMS AND SERVICES TO THE STUDENTS IN THE BLOOMINGTON PUBLIC SCHOOLS

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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 (2022)

Revenue Breakdown

Contributions & Grants $112,231
Program Service Revenue $0
Investment Income $1,114
Other Revenue $53,101
TOTAL REVENUE $166,446

Expense Breakdown

Grants Paid $168,024
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $168,024
Other Expenses $9,153
TOTAL EXPENSES $177,177

Year-over-Year Comparison

2022 2021 Change
Revenue $166,446 $214,433 -0.2%
Expenses $177,177 $255,214 -0.3%
Net Income $-10,731 $-40,781 -0.7%
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
25
Independent Members
25
Employees
N/A
Volunteers
N/A

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
4
$0
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT ERICKSON DIRECTOR N/A
Director
$0 $0 $0
RICHARD SAFARZ DIRECTOR N/A
Director
$0 $0 $0
JANET PLADSON DIRECTOR N/A
Director
$0 $0 $0
MARY MURPHY DIRECTOR N/A
Director
$0 $0 $0
ERIN MARICK SECRETARY N/A
Officer Director
$0 $0 $0
RAY KNOSS DIRECTOR N/A
Director
$0 $0 $0
WENDY MARCZAK DIRECTOR N/A
Director
$0 $0 $0
MARCIE COVAL DIRECTOR N/A
Director
$0 $0 $0
MAUREEN BARTOLOTTA TREASURER N/A
Officer Director
$0 $0 $0
MELISSA RIEBEL President N/A
Officer Director
$0 $0 $0
TIFFANY SHERMACK VICE PRESDIENT N/A
Officer Director
$0 $0 $0
VIRG SENESCALL DIRECTOR N/A
Director
$0 $0 $0
RENNE FETZER DIRECTOR N/A
Director
$0 $0 $0
DAN VANDERVIEREN DIRECTOR N/A
Director
$0 $0 $0
KARYN ARAZI DIRECTOR N/A
Director
$0 $0 $0
TODD BARDUSON DIRECTOR N/A
Director
$0 $0 $0
DEBBIE BELFRY DIRECTOR N/A
Director
$0 $0 $0
ANDY KUBAS DIRECTOR N/A
Director
$0 $0 $0
MARK LARSON DIRECTOR N/A
Director
$0 $0 $0
ADDY MATTSON DIRECTOR N/A
Director
$0 $0 $0
JAKE WINCHELL DIRECTOR N/A
Director
$0 $0 $0
MATT DYMOKE Director N/A
Director
$0 $0 $0
ERIN MARICK Director N/A
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $166,446 $177,177 $1,831,770 $-10,731
2022 $214,433 $255,214 $1,757,333 $-40,781
2021 $1,612,462 $93,920 $1,896,706 $1,518,542
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