BOLDER OPTIONS

EIN: 411909408 501(c)(3) Education

Minneapolis, MN

Total Revenue
$1,779,023
Total Expenses
$1,693,622
Total Assets
$1,791,985
Net Assets
$984,625
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MN
Principal Officer
Darrell Thompson
Phone
6123792653
Tax Period
2023-01-01 to 2023-12-31

BOLDER OPTIONS, founded in 1998, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 5% surplus.

Mission

Teaching youth to succeed in all of life's races.

Program Service Accomplishments

Program 1
Expenses: $1,030,875 Revenue: $28,004

Programs: One to One Mentoring Program Bolder Options empowers middle school youth through transformative one to one mentorship. Our unique approach pairs youth with a trained volunteer mentor for a...

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Programs: One to One Mentoring Program Bolder Options empowers middle school youth through transformative one to one mentorship. Our unique approach pairs youth with a trained volunteer mentor for a year, focused on physical, emotional, and social wellness. Setting and achieving goals together helps young people develop confidence, resilience, and self-awareness that benefits them in all areas of life. Alumni Program The goal of the alumni program is to keep young people connected with Bolder Options beyond the first year 1:1 mentoring program, providing ongoing support and resources to help them achieve their goals. In 2023, 100% of youth participants chose to stay involved through the alumni program. Bolder Options offers a range of programs for alumni youth, including career and college exploration, leadership development, internships, and a scholarship program. Group Mentoring In 2023, Bolder Options partnered with the Little Earth Boys & Girls Club (LEBGC) to pilot a group mentoring program for middle school youth. The program brought a dozen youth from LEBGC to Bolder Options once a week to share a meal, get physically active, receive academic support, and connect with their peers. After the pilot year, Bolder Options is working now to pair group mentoring participants with 1:1 mentors and keep them engaged in our community. Accomplishments: The year 2023 marked a significant milestone for Bolder Options as we celebrated the 30th anniversary of our program, alongside the remarkable achievement of impacting 30,000 young lives. Over the last 30 years, Bolder Options served 30,000 youth, our volunteers recorded 420,000 hours, our pairs ran 70,000 miles, and through our prevention and intervention efforts, we saved taxpayers an estimated $82 million dollars. In 2023, our one-to-one mentoring program supported 170 individuals and families/85 mentor and mentee pairs. This amounted to 977 mentors and mentees attending events and 372 family members and caregivers engaged with programs. In the first year, one-to-one mentoring program, some of our outcomes include: -100% of youth accomplished at least one goal that they set for themselves -100% of youth report that they are more physically active than they were before the program -83% of youth said their behavior at school improved -75% of youth said their grades improved by being in the program -100% of youth rated their relationship with their mentor as good or excellent -100% of youth who graduated from the 1-year one-to-one program plan to remain in contact with their mentor and also opted into our next step, the alumni program. In our alumni program, 244 youth attended Bolder Options events and activities. This includes a group of alumni mentors and mentees participating in adventure learning activities that culminated in a week-long canoeing and camping trip in the Boundary Waters Canoe Area (BWCA). A total of 16 alumni youth completed our new I Believe/I Achieve career skill building programming in 2023. The I Believe Program is a paid, professional training program that helps Bolder Options alumni consider career options for their future and prepares them for work life. Participants learn skills to help them land a first job or internship with the support of volunteer career coaches. In the first year of the cohort experience, called "I Believe", participants identify their strengths, interests, and values. In the second year of the cohort, called "I Achieve", they put those skills into practice. Also in 2023, Bolder Options launched its new Bentdahl Scholarship for Bolder Options scholars pursuing post-secondary education. The scholarship was awarded to two Bolder Options alumni who have completed the one-year mentoring program, participated in adventure learning and other activities, volunteered with Bolder Options, and also successfully completed the I Believe and I Achieve cohorts. Bolder Options Twin Cities increased the diversity of our volunteer mentors growing from 20% BIPOC mentors in 2021, to 40% in 2022, and up to 61% in 2023. This progress not only reflects our commitment to mirroring the communities we serve but also underscores the richness and depth of experiences that diverse mentors bring to our youth. In 2023, 100% of mentors said they would recommend Bolder Options to a friend. We know that mentorship has an impact on young people but our mentors (83% in 2023) also report that they feel like their mentee has made a positive impact on their life too.

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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 $1,555,667
Program Service Revenue $0
Investment Income $9,708
Other Revenue $213,648
TOTAL REVENUE $1,779,023

Expense Breakdown

Grants Paid $12,000
Salaries & Benefits $1,038,171
Fundraising Expenses $356,641
Program Expenses $1,030,875
Other Expenses $617,651
TOTAL EXPENSES $1,693,622

Year-over-Year Comparison

2023 2022 Change
Revenue $1,779,023 $1,375,579 +0.3%
Expenses $1,693,622 $1,543,394 +0.1%
Net Income $85,401 $-167,815 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
20
Independent Members
20
Employees
21
Volunteers
250

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
8
$143,905
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Darrell Thompson President & CEO 40
Officer
$143,905 $0 $143,905
Bryan Alday Director 1
Director
$0 $0 $0
John Hoffman Director 1
Director
$0 $0 $0
Jorge Lomeli Director 1
Director
$0 $0 $0
Bob Wadsworth Director 1
Director
$0 $0 $0
Kellie Hand Director 1
Director
$0 $0 $0
Ray Hitchcock Director 1
Director
$0 $0 $0
Crawford Jordan Director 1
Director
$0 $0 $0
Rodney Young Director 1
Director
$0 $0 $0
Maggie Romens Director 1
Director
$0 $0 $0
Steve Mayle Director 1
Director
$0 $0 $0
Marcus Sherels Directors 1
Director
$0 $0 $0
Michael Smith Director 1
Director
$0 $0 $0
John McCormick Director 1
Director
$0 $0 $0
Melanee Meegan Marketing Chair 1
Officer Director
$0 $0 $0
Jacob Murray Program Chair 1
Officer Director
$0 $0 $0
Brad Becker Treasurer/Finance Chair 1
Officer Director
$0 $0 $0
Bill Gaumond Board Chair 5
Officer Director
$0 $0 $0
Lou Close Board Vice Chair 2
Officer Director
$0 $0 $0
Dave Jones Development Chair 2
Officer Director
$0 $0 $0
Keith Nelsen Governance Chair 2
Officer 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
2024 No data No data No data No data
2023 $1,779,023 $1,693,622 $1,791,985 $85,401
2022 $1,375,579 $1,543,394 $1,702,903 $-167,815
2021 $1,542,098 $1,375,701 $1,866,932 $166,397
2020 $1,108,504 $1,026,625 $1,671,157 $81,879
2019 $1,130,396 $1,158,199 $1,447,155 $-27,803
2018 $1,088,019 $1,149,711 $1,475,708 $-61,692
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