FRASER INDEPENDENT LIVING PROJECT III INC EXCELSIOR COURT

EIN: 411844773 501(c)(3) Human Services

RICHFIELD, MN

Total Revenue
$212,562
Total Expenses
$214,510
Total Assets
$840,075
Net Assets
$-779,371
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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
MN
Principal Officer
DIANE S CROSS
Phone
6128611688
Tax Period
2024-01-01 to 2024-12-31

FRASER INDEPENDENT LIVING PROJECT III INC EXCELSIOR COURT, founded in 1995, is a small nonprofit in the Human Services sector that reported $213K in total revenue in fiscal year 2024.

Mission

TO OPERATE AN APARTMENT COMPLEX FOR PERSONS WITH DEVELOPMENTAL DISABILITIES AND VERY LOW INCOME IN MINNETONKA, MINNESOTA, AS HUD PROJECT NO. 092-HD032-WDD.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $209,208
Investment Income $1,185
Other Revenue $2,169
TOTAL REVENUE $212,562

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $162,014
Other Expenses $214,510
TOTAL EXPENSES $214,510

Year-over-Year Comparison

2024 2023 Change
Revenue $212,562 $205,193 +0.0%
Expenses $214,510 $219,961 0.0%
Net Income $-1,948 $-14,768 -0.9%
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

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Governance

Voting Members
6
Independent Members
5
Employees
N/A
Volunteers
5

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
9
$866,477
Total Directors
8
$565,767
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIANE CROSS CEO/SECRETARY 0.10
Officer Director
$1,298 $24,357 $565,767
RICK FERRIS BOARD CHAIR 0.10
Officer Director
$0 $0 $0
RANDY PATTEE VICE CHAIR/TREASURER 0.10
Officer Director
$0 $0 $0
DR ARMANTINA ESPINOSA VICE CHAIR 0.10
Officer Director
$0 $0 $0
DR KRISHNAN SUBRAHMANIAN VICE CHAIR 0.10
Officer Director
$0 $0 $0
GRETCHEN CUDAK VICE CHAIR 0.10
Officer Director
$0 $0 $0
KEITH KLEIN FORMER BOARD CHAIR 0.10
Officer Director
$0 $0 $0
PETER ROBB FORMER VICE CHAIR/TREASURER 0.10
Officer Director
$0 $0 $0
JAMES OLSON CFO 0.10
Officer
$704 $7,359 $300,710
ELIF MCCAIN CHIEF ADMINISTRATIVE OFFICER 0.00
Highest
$0 $20,122 $210,968
KIMBERLY KLEIN DIRECTOR OF NEUROPSYCHOLOGY 0.00
Highest
$0 $10,469 $192,586
PATRICIA PULICE CHIEF CLINICAL OFFICER 0.00
Highest
$0 $4,523 $185,169
MATT CHIODO VP OF INFORMATION TECHNOLOGY 0.10
Highest
$376 $17,752 $174,883
NANCY BALDRICA CHIEF MARKETING & DEVELOPMENT OFFICER 0.10
Highest
$399 $3,017 $169,195
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 $212,562 $214,510 $840,075 $-1,948
2023 $205,193 $219,961 $862,413 $-14,768
2022 $174,574 $219,208 $881,693 $-44,634
2021 $198,610 $208,881 $922,142 $-10,271
2020 $169,967 $199,502 $922,349 $-29,535
2019 $160,515 $183,671 $950,240 $-23,156
2018 $148,178 $189,766 $978,998 $-41,588
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