TAKEACTION MN EDUCATION FUND (EIN 411635130) - Form 990 Financial Analysis & Trantor Score

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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

2006

Legal Domicile

Principal Officer

ELIANNE FARHAT

Phone

6516416199

Tax Period

2024-07-01 to 2025-06-30

TAKEACTION MN EDUCATION FUND, founded in 2006, is a community nonprofit in the Public & Societal Benefit sector that reported $5.5M in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. Expenses of $11.6M exceeded revenue, resulting in a 110% operating deficit.

Mission

TAKEACTION MINNESOTA EDUCATION FUND ENVISIONS A MINNESOTA DEDICATED TO THE PRINCIPLES OF STRONG COMMUNITIES, DEMOCRACY, AND EQUAL OPPORTUNITY FOR ALL.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,863,471

Program Service Revenue $247,177

Investment Income $386,647

Other Revenue $4,991

TOTAL REVENUE $5,502,286

Expense Breakdown

Grants Paid $7,241,999

Salaries & Benefits $1,531,801

Fundraising Expenses $179,529

Program Expenses $10,523,314

Other Expenses $2,805,571

TOTAL EXPENSES $11,579,371

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,502,286	$3,153,547	+0.7%
Expenses	$11,579,371	$6,111,961	+0.9%
Net Income	$-6,077,085	$-2,958,414	+1.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

111

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

$430,630

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABENA ABRAHAM	DIRECTOR	0.50	Officer Director	$0	$0	$0
BEN GOLDFARB	DIRECTOR	0.50	Director	$0	$0	$0
ERICA MAUTER	DIRECTOR	0.50	Director	$0	$0	$0
KORINA BARRY	DIRECTOR	0.50	Director	$0	$0	$0
KANDACE MONTGOMERY	DIRECTOR	0.50	Director	$0	$0	$0
JILLIA PASSENDA	DIRECTOR	0.50	Director	$0	$0	$0
ELIANNE FARHAT	CO-EXECUTIVE DIRECTOR	20.00	Officer	$0	$27,250	$146,403
AMANDA OTERO	CO-EXECUTIVE DIRECTOR	20.00	Officer	$0	$29,962	$148,974
MARCIE MORAVEC	OPERATIONS & FINANCE DIRECTOR	20.00	Officer	$0	$30,365	$135,253

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	$5,502,286	$11,579,371	$10,437,368	$-6,077,085
2024	$3,153,547	$6,111,961	$18,143,764	$-2,958,414
2023	$4,146,228	$8,373,271	$20,287,254	$-4,227,043
2022	$7,192,773	$7,455,134	$25,551,717	$-262,361
2021	$8,738,055	$16,591,895	$26,702,116	$-7,853,840
2020	$35,819,141	$5,291,609	$33,377,331	$30,527,532
2019	$3,579,610	$3,251,050	$1,485,059	$328,560
2018	$2,713,242	$2,817,450	$1,063,815	$-104,208

TAKEACTION MN EDUCATION FUND