THE APPLETON PROJECT

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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

1946

Legal Domicile

Principal Officer

LAURA THOMSON

Phone

3202891454

Tax Period

2023-01-01 to 2023-12-31

THE APPLETON PROJECT, founded in 1946, is a micro nonprofit in the Crime & Legal sector that reported $2K in total revenue in fiscal year 2023. Revenue surged 123% from the prior year, signaling strong growth momentum. Expenses of $2K exceeded revenue, resulting in a 12% operating deficit.

Mission

PROVIDE FUNDING FOR THE ECONOMIC DEVELOPMENT OF APPLETON, MN AND SURROUNDING AREA.

Program Service Accomplishments

Program 1

Expenses: $949 Revenue: $519

THE ORGANIZATION MADE LOANS TO VARIOUS ORGANIZATIONS FOR THE ECONOMIC DEVELOPMENT OF APPLETON, MN AND THE SURROUNDING AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $519

Investment Income $1,707

Other Revenue $0

TOTAL REVENUE $2,226

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $949

Other Expenses $2,491

TOTAL EXPENSES $2,491

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,226	$1,000	+1.2%
Expenses	$2,491	$32,560	-0.9%
Net Income	$-265	$-31,560	-1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MITCH GERDES	DIRECTOR	1.00	Director	$0	$0	$0
EDDIE MASSEE	TREASURER	1.00	Officer Director	$0	$0	$0
JILL SWENSON	SECRETARY	1.00	Officer Director	$0	$0	$0
FLETCHER SYLTIE	DIRECTOR	1.00	Director	$0	$0	$0
LAURA THOMSON	VICE-PRESIDE	1.00	Officer Director	$0	$0	$0
CORY THORSLAND	DIRECTOR	1.00	Director	$0	$0	$0
MATT TOLLEFSON	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$2,226	$2,491	$672,639	$-265
2022	$1,000	$32,560	$672,904	$-31,560
2021	$11,430	$28,964	$704,464	$-17,534
2020	$3,755	$41,174	$715,832	$-37,419
2019	$8,830	$94,850	$983,251	$-86,020
2018	$79,116	$79,613	$1,069,271	$-497