Richfield Spartan Foundation Inc

EIN: 411679575 501(c)(3) Education

Richfield, MN

Total Revenue
$137,310
Total Expenses
$80,264
Total Assets
$601,285
Net Assets
$601,285
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
MN
Principal Officer
David Boie
Phone
6122518711
Tax Period
2025-01-01 to 2025-12-31

Richfield Spartan Foundation Inc, founded in 1990, is a small nonprofit in the Education sector that reported $137K in total revenue in fiscal year 2025. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $57K, a strong 42% operating margin.

Mission

The purpose of this corporation shall be to develop, promote and support academic, athletic, altruistic and other endeavors of Richfield youth.

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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 $121,817
Program Service Revenue $0
Investment Income $13,847
Other Revenue $1,646
TOTAL REVENUE $137,310

Expense Breakdown

Grants Paid $77,003
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $79,414
Other Expenses $3,261
TOTAL EXPENSES $80,264

Year-over-Year Comparison

2025 2024 Change
Revenue $137,310 $169,249 -0.2%
Expenses $80,264 $49,936 +0.6%
Net Income $57,046 $119,313 -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

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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
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
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Boie President 0.00
Officer Director
$0 $0 $0
Jim Gay Director 0.00
Director
$0 $0 $0
Jim Habeck Director 0.00
Director
$0 $0 $0
Blaine Joerger Director 0.00
Director
$0 $0 $0
Maria Kimmes Secretary 0.00
Officer Director
$0 $0 $0
Dave Lamberger Director 0.00
Director
$0 $0 $0
Sara Linde Director 0.00
Director
$0 $0 $0
Steve Lindgren Director 0.00
Director
$0 $0 $0
Stuart Lindgren Treasurer 0.00
Officer Director
$0 $0 $0
Jerry Nye Director 0.00
Director
$0 $0 $0
Chris Peterson Director 0.00
Director
$0 $0 $0
Tim Pollis Director 0.00
Director
$0 $0 $0
Kris Pullford Director 0.00
Director
$0 $0 $0
Debbie Richie Director 0.00
Director
$0 $0 $0
Mike Sandahl Vice President 0.00
Officer Director
$0 $0 $0
Dan Seeler Director 0.00
Director
$0 $0 $0
Bob Strandquist Director 0.00
Director
$0 $0 $0
Mark Wegmiller Director 0.00
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
2025 $137,310 $80,264 $601,285 $57,046
2024 $169,249 $49,936 $517,244 $119,313
2023 $156,541 $59,893 $381,390 $96,648
2022 $116,519 $49,560 $244,126 $66,959
2021 $66,571 $52,035 $194,314 $14,536
2020 $50,120 $39,745 $167,287 $10,375
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