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
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

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
Explore More Nonprofits
Top 100 Nonprofits in Minnesota Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare BOLDER OPTIONS with other nonprofits in Minnesota and across the country.