MAKE OLD THINGS NEW INC

EIN: 411584741 501(c)(3)

MINNEAPOLIS, MN

Total Revenue
$81,361
Total Expenses
$118,435
Total Assets
$504,315
Net Assets
$502,864
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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

Legal Domicile
MN
Principal Officer
KAREN TROYER
Phone
6129101124
Tax Period
2024-06-01 to 2025-05-31

MAKE OLD THINGS NEW INC is a micro nonprofit that reported $81K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $118K exceeded revenue, resulting in a 46% operating deficit.

Mission

HELPING PEOPLE IN DISTRESS & TRANSITION HAVE A BETTER QUALITY OF LIFE

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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 (2024)

Revenue Breakdown

Contributions & Grants $54,670
Program Service Revenue $0
Investment Income $4,116
Other Revenue $22,575
TOTAL REVENUE $81,361

Expense Breakdown

Grants Paid $0
Salaries & Benefits $31,649
Fundraising Expenses $0
Program Expenses $105,785
Other Expenses $86,786
TOTAL EXPENSES $118,435

Year-over-Year Comparison

2024 2023 Change
Revenue $81,361 $63,959 +0.3%
Expenses $118,435 $140,469 -0.2%
Net Income $-37,074 $-76,510 -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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
2
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
2
$28,500
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN TROYER EXECUTIVE DIRECTOR 40.0
Officer
$28,500 $0 $28,500
JUSTIN STRINGFELLOW DIRECTOR 1.0
Director
$0 $0 $0
BILL NICHOLS DIRECTOR 1.0
Director
$0 $0 $0
SHIRLEY BOESER SECRETARY-TREASURER 1.0
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
2025 $81,361 $118,435 $504,315 $-37,074
2024 $63,959 $143,469 $530,298 $-79,510
2023 $82,415 $145,665 $619,707 $-63,250
2022 $729,881 $154,340 $683,048 $575,541
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