BATC FOUNDATION

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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

1995

Legal Domicile

Principal Officer

JESSICA RYAN

Phone

6516971954

Tax Period

2023-01-01 to 2023-12-31

BATC FOUNDATION, founded in 1995, is a community nonprofit in the Unknown sector that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $956K left a modest 11% surplus.

Mission

THE FOUNDATION IS THE CHARITABLE ARM OF HOUSING FIRST MINNESOTA. ITS MISSION IS TO PROVIDE SAFE, DURABLE, AFFORDABLE HOUSING FOR MINNESOTA'S HOMELESS, VETERANS AND OTHERS IN NEED. THIS IS ACCOMPLISHED BY PARTNERING WITH LOCAL SERVICE PROVIDERS AND BUILDING PROFESSIONALS TO BUILD NEW HOMES AND REHABILITATE EXISTING HOUSING.

Program Service Accomplishments

Program 1

Expenses: $674,266 Revenue: $0

COMMUNITY BUILD PROJECTS - THE FOUNDATION FUNDED FOUR COMMUNITY BUILD PROJECTS IN 2023. THREE NEW CONSTRUCTION PROJECTS FOR THE MINNESOTA ASSISTANCE COUNCIL FOR VETERANS WITH BUILD PARTNER LENNAR...

COMMUNITY BUILD PROJECTS - THE FOUNDATION FUNDED FOUR COMMUNITY BUILD PROJECTS IN 2023. THREE NEW CONSTRUCTION PROJECTS FOR THE MINNESOTA ASSISTANCE COUNCIL FOR VETERANS WITH BUILD PARTNER LENNAR. THESE NEW CONSTRUCTION FOUR-BEDROOM HOMES LOCATED IN NORTH MINNEAPOLIS PROVIDE HOUSING FOR APPROXIMATELY 30 VETERANS ON AN ANNUAL BASIS. MACV OWNS THESE PROPERTIES AND PROVIDES VETERANS WITH CASE MANAGEMENT, EMPLOYMENT AND LEGAL SERVICES TO HELP THEM REGAIN CONFIDENCE AND SELF-SUFFICIENCY. ONE REMODELING/RENOVATION PROJECT FOR AVIVO WITH BUILD PARTNER NOR-SON CUSTOM BUILDERS. THIS COMPLETED RENOVATION OF AN ENTIRE APARTMENT BUILDING USED FOR HOUSING FOR WOMEN UNDERTAKING THE CHALLENGING TASK OF ADDICTION RECOVERY. AVIVO PROVIDES HOUSING FOR WOMEN AND THEIR CHILDREN AND SURROUNDS THEM WITH SERVICES TO SUPPORT THEM IN THEIR JOURNEY.PARTICIPATION OF BUILD AND TRADE PARTNERS AND FUNDING FROM THE FOUNDATION PROVIDED AN INVESTMENT IN EXCESS OF $800K CREATING HOUSING VALUED AT $1.5 MILLION EXPANDING AND IMPROVING HOUSING CAPACITY FOR NONPROFIT SERVICE ORGANIZATIONS FOR A FRACTION OF THE COST.

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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 $983,358

Program Service Revenue $0

Investment Income $52,459

Other Revenue $42,624

TOTAL REVENUE $1,078,441

Expense Breakdown

Grants Paid $0

Salaries & Benefits $322,293

Fundraising Expenses $194,269

Program Expenses $674,266

Other Expenses $633,313

TOTAL EXPENSES $955,606

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,078,441	$912,694	+0.2%
Expenses	$955,606	$1,054,303	-0.1%
Net Income	$122,835	$-141,609	-1.9%

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

$711,491

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY HENDEL	DIRECTOR	1.50	Director	$0	$0	$0
BOB BENNETT	DIRECTOR	1.50	Director	$0	$0	$0
JEREMY LARSON	TREASURER	1.50	Officer Director	$0	$0	$0
JIM FUSCHETTO	PRESIDENT	1.50	Officer Director	$0	$0	$0
BILL BURGESS	DIRECTOR	1.50	Director	$0	$0	$0
KATE HAMILTON	PAST PRESIDENT	1.50	Officer Director	$0	$0	$0
KATHY RAPH	MEMBER AT LARGE	1.50	Director	$0	$0	$0
KEN OETJEN	DIRECTOR	1.50	Director	$0	$0	$0
MEG JAEGER	PRESIDENT-ELECT	1.50	Officer Director	$0	$0	$0
JENNIFER MCALPIN	DIRECTOR	1.50	Director	$0	$0	$0
RACHEL JULKOWSKI	DIRECTOR	1.50	Director	$0	$0	$0
RICKY CHEATH	MEMBER AT LARGE	1.50	Director	$0	$0	$0
JAMES JULKOWSKI	DIRECTOR	1.50	Director	$0	$0	$0
STEVE DOBIN	DIRECTOR	1.50	Director	$0	$0	$0
SUNNY BOWMAN	SECRETARY	1.50	Officer Director	$0	$0	$0
TIM LIESTER	DIRECTOR	1.50	Director	$0	$0	$0
JAMES VAGLE	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$25,006	$346,206
JANICE MEYER	CHIEF OPERATING OFFICER	1.00	Officer	$0	$24,277	$221,777
JESSICA RYAN	EXECUTIVE DIRECTOR	40.00	Officer	$0	$6,188	$143,508

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	$1,078,441	$955,606	$1,986,136	$122,835
2022	$912,694	$1,054,303	$1,819,306	$-141,609
2021	$773,608	$580,045	$1,790,306	$193,563
2020	$683,498	$660,801	$1,478,494	$22,697
2019	$480,858	$436,994	$1,281,687	$43,864
2018	$657,352	$655,210	$952,801	$2,142