Richfield 4th of July Committee Inc

EIN: 411636628 501(c)(3) Human Services

Minneapolis, MN

Total Revenue
$50,074
Total Expenses
$91,701
Total Assets
$4,675
Net Assets
$4,675
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
MN
Principal Officer
Steve Schneeberger
Phone
6125322595
Tax Period
2025-01-01 to 2025-12-31

Richfield 4th of July Committee Inc, founded in 1980, is a micro nonprofit in the Human Services sector that reported $50K in total revenue in fiscal year 2025. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $92K exceeded revenue, resulting in a 83% operating deficit.

Mission

Since 1980 it has been the mission of the Richfield 4th of July Committee Inc. to advance and promote the observance of Independence Day in the City of Richfield MN. In so doing it is the objective to provide a celebration which can provide patriotic expression family participation amusement entertainment community cohesiveness and homecoming. The Richfield 4th of July Celebration is a 2-day community and family focused event that offers something for everyone. The Celebration includes a street dance with live music car show parade and fireworks display.

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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 (2025)

Revenue Breakdown

Contributions & Grants $19,362
Program Service Revenue $30,139
Investment Income $73
Other Revenue $500
TOTAL REVENUE $50,074

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $91,136
Other Expenses $91,701
TOTAL EXPENSES $91,701

Year-over-Year Comparison

2025 2024 Change
Revenue $50,074 $112,511 -0.6%
Expenses $91,701 $76,938 +0.2%
Net Income $-41,627 $35,573 -2.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
100

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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Missy Kranz Treasurer 3.00
Officer Director
$0 $0 $0
Andi Olson Director 1.00
Director
$0 $0 $0
Camryn Gillmor Director 1.00
Director
$0 $0 $0
Callie Smith Director 1.00
Director
$0 $0 $0
Meranda Winden Director Secretary 2.00
Officer Director
$0 $0 $0
Steve Schneeberger President 3.00
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 $50,074 $91,701 $4,675 $-41,627
2024 No data No data No data No data
2021 $218 $2,076 $33,030 $-1,858
2020 $24,197 $18,131 $34,888 $6,066
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