DIVERSITY COUNCIL

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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

1992

Legal Domicile

Principal Officer

JULIE HOBBS

Phone

5073986282

Tax Period

2024-01-01 to 2024-12-31

DIVERSITY COUNCIL, founded in 1992, is a micro nonprofit that reported $2K in total revenue in fiscal year 2024. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $3K exceeded revenue, resulting in a 50% operating deficit.

Mission

OUR PURPOSE: GROWING EQUITABLE COMMUNITIES ROOTED IN COMPASSION WHERE ALL FACETS OF HUMAN IDENTITY ARE UNDERSTOOD AND RESPECTED, AND WHERE EVERY INDIVIDUAL ACTS CONSCIENTIOUSLY AND WITH COURAGE.

Program Service Accomplishments

Program 1

Expenses: $2,922

COMMUNITY MOBILIZATION - DIVERSITY COUNCIL HELD STRUCTURED ACTIVITIES THROUGHOUT 2022 TO ENGAGE COMMUNITY IN CIVIC LIFE UTILIZING THE COMMUNITY MOBILIZATION RESOURCE COALITION (CMRC) AND NEW...

COMMUNITY MOBILIZATION - DIVERSITY COUNCIL HELD STRUCTURED ACTIVITIES THROUGHOUT 2022 TO ENGAGE COMMUNITY IN CIVIC LIFE UTILIZING THE COMMUNITY MOBILIZATION RESOURCE COALITION (CMRC) AND NEW COMMUNITY ENGAGEMENT POSITIONS WITHIN THE ORGANIZATION. IN THE PAST YEAR, THE COALITION HAS WORKED ON PROVIDING EDUCATION, RESOURCES, AND SUPPORT FOR COMMUNITIES REGARDING COVID-19 TRANSITIONS TO "NORMAL" LIFE AND PROJECTS SUCH AS THE OLMSTED COUNTY RACISM AS A PUBLIC HEALTH STUDY. CMRC HAS WORKED CLOSELY WITH THE CITY, ROCHESTER PUBLIC SCHOOLS, COUNTY, AND COUNTY PUBLIC HEALTH TO RECEIVE INFORMATION REGARDING CHANGES IN PROTOCOLS AND PROVIDE RECOMMENDATIONS TO FILL EQUITY GAPS IDENTIFIED BY COMMUNITY LEADERS AND MEMBERS, WHILE ALSO ASKING QUESTIONS TO GAIN A BETTER UNDERSTANDING OF DETAILS. CMRC ALSO SERVED AS COMMUNITY LIAISONS AND AIDED IN HOSTING PUBLIC MEETINGS FOR COMMUNITY MEMBERS TO ATTEND AND SPEAK DIRECTLY WITH EXPERTS AND RESOURCE CONNECTIONS. DIVERSITY COUNCIL ALSO SERVES AS FISCAL SPONSOR TO LOCAL BIPOC-LED ORGANIZATIONS AND INITIATIVES THAT FIT WITH ITS PURPOSE AND MEET STATE AND FEDERAL STANDARDS.

Program 2

ENGAGEMENT & EDUCATION: IN 2022, DIVERSITY COUNCIL CONTINUED TO FOCUS EFFORTS ON SYSTEMS CHANGE BASED IN COMMUNITY VOICE UTILIZING CO-DESIGN MODELS IN POLICY CHANGES AND REVIEWS, PROGRAMS AT LARGE...

ENGAGEMENT & EDUCATION: IN 2022, DIVERSITY COUNCIL CONTINUED TO FOCUS EFFORTS ON SYSTEMS CHANGE BASED IN COMMUNITY VOICE UTILIZING CO-DESIGN MODELS IN POLICY CHANGES AND REVIEWS, PROGRAMS AT LARGE AND GENERAL ORGANIZATIONAL EFFORTS AND INITIATIVES. PROJECTS INCLUDED THE STUDY OF RACISM AS A PUBLIC HEALTH ISSUE, PEN WORKS WORKSHOPS, AND CITY OF ROCHESTER'S DEI TRAINING FOR CONSTRUCTION COMPANIES WORKING WITHIN THE BLOOMBERG INITIATIVE. OTHER PROGRAMS INCLUDED THE ANNUAL MLK BREAKFAST, HONORING THE MOTHERS OF BLACK AND BROWN VICTIMS, "LISTEN. LEARN. ACT." LEARNING SERIES, AND ROCHESTER AREA NONPROFIT CONSORTIUM'S COMMITMENT TO RACIAL JUSTICE. DIVERSITY COUNCIL JOINED FORCES WITH CULTURAL COMMUNITY GROUPS FROM AROUND THE STATE TO FOCUS ON CULTURAL INTEGRATION THAT WILL ESTABLISH, EXPAND, AND SUSTAIN POPULATION-BASED EFFORTS TO MOBILIZE COMMUNITY OUTREACH WORKERS, COMMUNITY HEALTH WORKERS, NAVIGATORS, SOCIAL SUPPORT SPECIALISTS AND OTHERS TO INCREASE EQUITABLE APPROACHES TO SERVICES, POLICIES, AND GENERAL GROWTH. IN ADDITION, DIVERSITY COUNCIL CONTINUED ITS WORK TO ADDRESS VACCINE HESITANCY IN CULTURALLY COMPETENT WAYS THROUGH FEDERAL FUNDING FOR PROJECT HEALINGS.

Program 3

TRAINING & CONSULTATION DIVERSITY COUNCIL FOCUSED ON DEVELOPING SHARED LANGUAGE AROUND DIVERSITY, EQUITY, AND INCLUSION IN ORDER TO BUILD TRUSTED SPACES FOR TRANSFORMATIONAL CONVERSATION AND WORK TO TAKE PLACE. IN 2022, WE BUILT TRUST AND CREDIBILITY WITH SO MANY EDUCATIONAL AND NON-PROFIT INSTITUTIONS TO PROPEL CHANGE AND GROWTH. WE CONNECTED WITH THOUSANDS OF EMPLOYEES AND MORE THAN 1,000 STUDENTS THROUGH VIRTUAL AND IN-PERSON TRAINING AS WELL AS IN DIRECT WORK WITH TEACHERS, ADMINISTRATION, AND STUDENT MENTORS. TRAINING PARTICIPANTS' NEWFOUND KNOWLEDGE AND PERSPECTIVES WILL CONTINUE TO IMPACT STUDENTS AND FAMILIES IN YEARS TO COME. 2022 SAW THE CONTINUATION OF KEY EDUCATIONAL INITIATIVES ACROSS ALL PARTS OF OUR REGION, INCLUDING SIGNIFICANT WORK IN THE NONPROFIT SECTOR, WHICH WAS UNDERWRITTEN IN PART BY A GRANT FROM MAYO CLINIC COMMUNITY ENGAGEMENT. IN THE PUBLIC SECTOR WORK WAS ALSO DONE WITH CITY AND COUNTY GOVERNMENTS IN PARTNERSHIP WITH SOUTHEASTERN MINNESOTA LEAGUE OF MUNICIPALITIES, UNDERWRITTEN IN PART BY A GRANT FROM SOUTHERN MINNESOTA INITIATIVE FOUNDATION. IN TOTAL, MORE THAN 80 ORGANIZATIONS BENEFITTED FROM OUR PROFESSIONAL TRAINING AND CONSULTATION ACROSS MINNESOTA AND NATIONWIDE. THE CONSULTATION AND TRAINING PROVIDED IN THESE SPACES AIDED IN CREATING A SAFE ENVIRONMENT FOR CURIOSITY AND LEARNING TO TAKE PLACE.

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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 $2,117

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,117

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,922

Other Expenses $3,166

TOTAL EXPENSES $3,166

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,117	$158,803	-1.0%
Expenses	$3,166	$123,039	-1.0%
Net Income	$-1,049	$35,764	-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

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
JULIE HOBBS	DIRECTOR	0.50	Officer Director	$0	$0	$0
NICOLE SANDHU	DIRECTOR	0.50	Officer 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	$2,117	$3,166	No data	$-1,049
2023	$158,803	$123,039	$14,954	$35,764
2022	$1,148,465	$1,287,747	$129,511	$-139,282
2021	$852,969	$832,924	$273,156	$20,045
2020	$602,644	$501,125	$202,229	$101,519
2019	$270,944	$300,023	$111,302	$-29,079
2018	$263,176	$275,670	$34,367	$-12,494