Friends of the Oval Foundation Inc

EIN: 411754323 501(c)(3) Recreation & Sports

Roseville, MN

Total Revenue
$26,891
Total Expenses
$22,150
Total Assets
$873,992
Net Assets
$873,992
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
MN
Principal Officer
Peter Engebretson
Phone
6514426114
Tax Period
2022-07-01 to 2023-06-30

Friends of the Oval Foundation Inc, founded in 1993, is a micro nonprofit in the Recreation & Sports sector that reported $27K in total revenue in fiscal year 2022. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $5K, a strong 18% operating margin.

Mission

MISSION: FRIENDS OF THE OVAL FOUNDATION WAS CREATED FOR THE PURPOSES OF ASSISTING IN THE DEVELOPMENT AND ONGOING FINANCIAL VIABILITY OF THE GUIDANT JOHN ROSE MINNESOTA OVAL; TO PROMOTE THE YEAR ROUND USE OF THE FACILITY.

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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 $6,680
Program Service Revenue $0
Investment Income $20,211
Other Revenue $0
TOTAL REVENUE $26,891

Expense Breakdown

Grants Paid $13,602
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $20,079
Other Expenses $8,548
TOTAL EXPENSES $22,150

Year-over-Year Comparison

2022 2021 Change
Revenue $26,891 $23,292 +0.2%
Expenses $22,150 $35,600 -0.4%
Net Income $4,741 $-12,308 -1.4%
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
12
Independent Members
12
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
12
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Luci Botzek President 5.00
Officer
$0 $0 $0
Nancy Nelson Secretary 5.00
Officer
$0 $0 $0
Peter Engebretson Treasurer 5.00
Officer
$0 $0 $0
Paul Stangl Board Member 3.00
Officer
$0 $0 $0
Rich Vehe Board Member 3.00
Officer
$0 $0 $0
Jim Herman Board Member 3.00
Officer
$0 $0 $0
Joe Vondrasek Board Member 3.00
Officer
$0 $0 $0
Shannon Thomasser Board Member 3.00
Officer
$0 $0 $0
Lee Engele Board Member 3.00
Officer
$0 $0 $0
Shaun Curtin Board Member 3.00
Officer
$0 $0 $0
Katie Swor Board Member 3.00
Officer
$0 $0 $0
Lisa Venne Board Member 3.00
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 $26,891 $22,150 $873,992 $4,741
2022 $23,292 $35,600 $794,662 $-12,308
2021 $26,392 $24,147 $971,285 $2,245
2020 $19,246 $26,810 $748,359 $-7,564
2019 $46,414 $61,813 $757,279 $-15,399
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