SUNBURST ACRES INC

EIN: 411663750 501(c)(3) Housing & Shelter

ROSEAU, MN

Total Revenue
$121,549
Total Expenses
$112,574
Total Assets
$485,331
Net Assets
$-82,780
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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
1993
Legal Domicile
MN
Principal Officer
GLORIA SKRUTVOLD
Phone
2184630434
Tax Period
2021-01-01 to 2021-12-31

SUNBURST ACRES INC, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $122K in total revenue in fiscal year 2021. Expenses of $113K left a modest 7% surplus.

Mission

PROVIDE SUBSIDIZED HOUSING FOR LOW INCOME FAMILIES.

Program Service Accomplishments

Program 1
Expenses: $102,581 Revenue: $121,204

PROVIDING SUBSIDIZED HOUSING FOR LOW INCOME FAMILIES. IN 2021, THEY HAD 17 APARTMENT UNITS AND WERE ABLE TO SERVE 20 FAMILIES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $121,204
Investment Income $262
Other Revenue $83
TOTAL REVENUE $121,549

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,400
Fundraising Expenses $0
Program Expenses $102,581
Other Expenses $107,174
TOTAL EXPENSES $112,574

Year-over-Year Comparison

2021 2020 Change
Revenue $121,549 $117,822 +0.0%
Expenses $112,574 $109,742 +0.0%
Net Income $8,975 $8,080 +0.1%
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

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Governance

Voting Members
5
Independent Members
5
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
$5,400
Total Directors
5
$5,400
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GLORIA SKRUTVOLD PRESIDENT 4.00
Officer Director
$5,400 $0 $5,400
GLEN JOHNSON VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
EILEEN CARTER SECRETARY 0.50
Officer Director
$0 $0 $0
THORA HALVORSON TREASURER 0.50
Officer Director
$0 $0 $0
STEVE DOSTAL DIRECTOR 0.50
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
2021 $121,549 $112,574 $485,331 $8,975
2020 $117,822 $109,742 $486,145 $8,080
2019 $123,470 $104,373 $487,604 $19,097
2018 $117,011 $117,169 $476,944 $-158
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