Itasca County Habitat for Humanity

EIN: 411732842 501(c)(3)

Grand Rapids, MN

Total Revenue
$288,070
Total Expenses
$347,036
Total Assets
$1,915,139
Net Assets
$1,245,792
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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

Legal Domicile
MN
Principal Officer
Jamie Mjolsness
Phone
2189999001
Tax Period
2022-07-01 to 2023-06-30

Itasca County Habitat for Humanity is a small nonprofit that reported $288K in total revenue in fiscal year 2022. Expenses of $347K exceeded revenue, resulting in a 20% operating deficit.

Mission

BUILDING COMMUNITY PARTNERSHIPS TO PROVIDE AFFORDABLE HOUSING

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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 (2022)

Revenue Breakdown

Contributions & Grants $110,315
Program Service Revenue $177,755
Investment Income $0
Other Revenue $0
TOTAL REVENUE $288,070

Expense Breakdown

Grants Paid $0
Salaries & Benefits $144,504
Fundraising Expenses $0
Program Expenses $251,176
Other Expenses $202,532
TOTAL EXPENSES $347,036

Year-over-Year Comparison

2022 2021 Change
Revenue $288,070 N/A N/A
Expenses $347,036 N/A N/A
Net Income $-58,966 N/A N/A
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
1
Independent Members
N/A
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jamie Mjolsness President 0.00
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 No data No data No data No data
2024 No data No data No data No data
2023 $288,070 $347,036 $1,915,139 $-58,966
2022 $804,677 $687,676 $2,050,900 $117,001
2021 $800,682 $537,395 $1,984,102 $263,287
2020 $705,129 $770,352 $1,895,229 $-65,223
2019 $619,627 $746,117 $1,955,128 $-126,490
2018 $813,170 $594,026 $2,099,253 $219,144
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