SPARE KEY

EIN: 411888767 501(c)(3) Community Improvement

ST PAUL, MN

Total Revenue
$892,286
Total Expenses
$788,075
Total Assets
$774,708
Net Assets
$716,408
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
MN
Principal Officer
LEANNA STEFANIAK
Phone
9524068872
Tax Period
2023-01-01 to 2023-12-31

SPARE KEY, founded in 1997, is a small nonprofit in the Community Improvement sector that reported $892K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $788K left a modest 12% surplus.

Mission

SPARE KEY'S MISSION IS TO PROVIDE ASSISTANCE TO FAMILIES WITH A CRITICALLY ILL OR SERIOUSLY INJURED FAMILY MEMBER. NO MATTER THE ILLNESS, NO MATTER THE INJURY, NO MATTER THE INCOME. WE HELP FAMILIES "BOUNCE AND NOT BREAK" THROUGH OUR HELP ME BOUNCE PLATFORM, HARNESSING THE POWER OF CROWDFUNDING TO CONNECT THOUSANDS OF FAMILIES DIRECTLY TO DONORS. WE ARE COMMITTED TO HELPING FAMILIES STAY BY THEIR LOVED ONE'S SIDE BY RELIEVING THE STRESS, ANXIETY AND FINANCIAL BURDEN THAT COMES WITH A MEDICAL CRISIS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,090,466
Program Service Revenue $0
Investment Income $6,656
Other Revenue $-204,836
TOTAL REVENUE $892,286

Expense Breakdown

Grants Paid $270,546
Salaries & Benefits $343,812
Fundraising Expenses $70,968
Program Expenses $698,157
Other Expenses $173,717
TOTAL EXPENSES $788,075

Year-over-Year Comparison

2023 2022 Change
Revenue $892,286 $997,882 -0.1%
Expenses $788,075 $953,086 -0.2%
Net Income $104,211 $44,796 +1.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
22
Independent Members
22
Employees
4
Volunteers
200

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
7
$111,105
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH PUTNAM EXECUTIVE DI 40.00
Officer
$101,113 $9,992 $111,105
LEANNA STEFANIAK PRESIDENT 1.00
Officer Director
$0 $0 $0
CARL KUHL VICE PRESIDE 1.00
Officer Director
$0 $0 $0
ERIC HANSON TREASURER 1.00
Officer Director
$0 $0 $0
KAREN DVORAK SECRETARY 1.00
Officer Director
$0 $0 $0
BROOKE LEE AT-LARGE 1.00
Officer Director
$0 $0 $0
JAZZ HAMPTON AT-LARGE 1.00
Officer Director
$0 $0 $0
WENDY PAJOR IMMEDIATE PA 1.00
Director
$0 $0 $0
BRAD CRANDALL BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN NIHLS BOARD MEMBER 1.00
Director
$0 $0 $0
DAVE BODEN BOARD MEMBER 1.00
Director
$0 $0 $0
DENISE PATTEN BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH BAAS BOARD MEMBER 1.00
Director
$0 $0 $0
ELLY CUMMINGS BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF BEAHEN BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN GAJESKI BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL BERNIER BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL CARLSON BOARD MEMBER 1.00
Director
$0 $0 $0
NIKKI ROHLOFF BOARD MEMBER 1.00
Director
$0 $0 $0
NINA MORRISON BOARD MEMBER 1.00
Director
$0 $0 $0
REBECCA YONAKA BOARD MEMBER 1.00
Director
$0 $0 $0
ROB POWELL BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT FLAHERTY BOARD MEMBER 1.00
Director
$0 $0 $0
TAMMY LARSON BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS PAYNE BOARD MEMBER 1.00
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $892,286 $788,075 $774,708 $104,211
2022 $997,882 $953,086 $653,763 $44,796
2021 $831,090 $866,630 $616,172 $-35,540
2020 $1,181,171 $1,057,657 $605,909 $123,514
2019 $638,026 $660,996 $574,759 $-22,970
2018 $1,219,526 $952,636 $582,887 $266,890
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