MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PROPEL NONPROFITS, founded in 1998, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $23.0M in total revenue in fiscal year 2024. Revenue surged 166% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10.4M, a strong 45% operating margin.
THE MISSION OF PROPEL NONPROFITS IS TO FUEL THE IMPACT AND EFFECTIVENESS OF NONPROFITS WITH GUIDANCE, EXPERTISE, AND CAPITAL. PROPEL NONPROFITS PROVIDES LOANS TO NONPROFITS FOR FACILITIES AND WORKING CAPITAL. WE TRAIN NONPROFIT STAFF AND BOARDS TO UNDERSTAND AND BUILD FINANCIAL HEALTH, CLEAR STRATEGY, AND STRONG GOVERNANCE PRACTICES. WE PROVIDE EXPERT KNOWLEDGE, GUIDANCE, AND INSIGHT FOR NONPROFITS ABOUT GOVERNANCE, PLANNING, FINANCIAL STRATEGY, AND SUSTAINABILITY. WE CONSULT AND GUIDE ON STRATEGY, ORGANIZATIONAL STRUCTURE AND FINANCIAL PLANS, STRATEGIC ALLIANCES, AND GOVERNANCE. WE OFFER NONPROFIT ACCOUNTING SERVICES AND FINANCIAL SYSTEMS REVIEW. WE PROVIDE FISCAL SPONSORSHIP AND SUPPORT FOR EMERGING ORGANIZATIONS AND COLLABORATIONS.
LENDING:AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) CERTIFIED BY THE U.S. TREASURY, PROPEL NONPROFITS MAKES LOANS TO NONPROFIT ORGANIZATIONS TO EXPAND PROGRAMS AND SERVICES, BRIDGE CASH...
LENDING:AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) CERTIFIED BY THE U.S. TREASURY, PROPEL NONPROFITS MAKES LOANS TO NONPROFIT ORGANIZATIONS TO EXPAND PROGRAMS AND SERVICES, BRIDGE CASH FLOW GAPS, CONSOLIDATE DEBT, AND MAKE CAPITAL IMPROVEMENTS. WE BELIEVE THAT ACCESS TO CAPITAL IS ESSENTIAL TO THE GROWTH AND STABILITY OF THE NONPROFIT SECTOR. PROPEL NONPROFITS MAKES LOANS TO NONPROFITS OF ALL SIZES AND STAGES OF DEVELOPMENT, MANY OF WHICH HAVE BEEN HISTORICALLY UNDER-SERVED BY TRADITIONAL MARKETS. LOANS ARE AS LARGE AS $1.2 MILLION AND AS SMALL AS $5,000. OVERALL, WE MADE 73 NEW LOANS IN FY2025 TOTALING $17,120,090. OUR LENDING IMPACTED NONPROFIT ORGANIZATIONS WORKING IN HEALTH CARE, HUMAN SERVICES, ARTS AND HUMANITIES, CHARTER SCHOOLS, COMMUNITY DEVELOPMENT, AFFORDABLE HOUSING, AND MORE. BY PARTNERING WITH OTHER CAPITAL PROVIDERS, WE ALSO LEVERAGED ADDITIONAL FUNDS OF $5.1 MILLION INTO THE COMMUNITY.
CAPACITY BUILDING INITIATIVES:PROPEL NONPROFITS INTERMEDIARY CAPACITY BUILDING INITIATIVES AIM TO PROVIDE FUNDING AND RELEVANT INFRASTRUCTURE TO SUPPORT MINNESOTA NONPROFITS. IN FY25, THERE WERE FOUR...
CAPACITY BUILDING INITIATIVES:PROPEL NONPROFITS INTERMEDIARY CAPACITY BUILDING INITIATIVES AIM TO PROVIDE FUNDING AND RELEVANT INFRASTRUCTURE TO SUPPORT MINNESOTA NONPROFITS. IN FY25, THERE WERE FOUR ACTIVE INITIATIVES: SEEDING CULTURAL TREASURES, NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP), CBI TARGET, AND ROOTED TO LAST.IN FY25, PROPEL AWARDED $2.2 MILLION TO 55 CULTURALLY LED NONPROFIT ORGANIZATIONS FOR INFRASTRUCTURE FUNDING THROUGH NIGP. THE 2023 - 2025 ROUND OF NIGP FUNDING IS MADE POSSIBLE THROUGH A $4 MILLION APPROPRIATION COMING THROUGH THE MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT (DEED)ALSO IN FY25, PROPEL CONTINUED WORK ON THE SEEDING CULTURAL TREASURES INITIATIVE DESIGNED TO NOURISH AND CULTIVATE THE LANDSCAPE OF EMERGING ARTS AND CULTURE ORGANIZATIONS RUN BY AND FOR BLACK, INDIGENOUS, AND OTHER PEOPLE OF COLOR.
FISCAL SPONSORSHIP:PROPEL NONPROFITS FISCAL SPONSORSHIP PROGRAM SUPPORTS EMERGING NONPROFIT ORGANIZATIONS AND PROJECTS THAT ADVANCE CHARITABLE CAUSES AND UPLIFT THEIR COMMUNITIES. WE PROVIDE...
FISCAL SPONSORSHIP:PROPEL NONPROFITS FISCAL SPONSORSHIP PROGRAM SUPPORTS EMERGING NONPROFIT ORGANIZATIONS AND PROJECTS THAT ADVANCE CHARITABLE CAUSES AND UPLIFT THEIR COMMUNITIES. WE PROVIDE RESOURCES, CONSULTING, TECHNICAL ASSISTANCE, AND THE ABILITY TO ACCEPT DONATIONS TO OUR FISCALLY SPONSORED PARTNERS, ESPECIALLY THOSE FROM HISTORICALLY EXCLUDED GROUPS.-60 FISCALLY SPONSORED PROJECTS IN FY25-$5,111,256 RAISED BY/FOR CLIENTS IN FY25-63% BIPOC-LED-10% GREATER MINNESOTA
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $23,001,187 | $8,635,201 | +1.7% |
| Expenses | $12,567,668 | $10,188,716 | +0.2% |
| Net Income | $10,433,519 | $-1,553,515 | -7.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| HENRY JIMENEZ | PRESIDENT AND CEO | 40.00 |
Officer
|
$235,410 | $31,776 | $267,186 |
| ELLIE O'BRIEN | VICE PRESIDENT & CFO | 40.00 |
Officer
|
$157,637 | $32,941 | $190,578 |
| GARRETT BACKES | CHIEF ADVANCEMENT OFFICER | 40.00 |
Officer
|
$129,480 | $30,318 | $159,798 |
| MARIO HERNANDEZ | CHIEF PROGRAM OFFICER | 40.00 |
Officer
|
$131,915 | $15,431 | $147,346 |
| NAIMO FARAH | CAPACITY BUILDING DIRECOR | 40.00 |
Highest
|
$104,873 | $23,861 | $128,734 |
| HIBO ABDI | LOAN FUND DIRECTOR | 40.00 |
Highest
|
$107,360 | $14,148 | $121,508 |
| KATE BARR | PRESIDENT AND CEO (THROUGH MARCH) | 40.00 |
Officer
|
$71,764 | $4,468 | $76,232 |
| JONATHAN BROWN | CHIEF PROGRAM OFFICER (THROUGH MARCH) | 40.00 |
Officer
|
$44,032 | $4,450 | $48,482 |
| SCOTT MARQUARDT | CHAIR | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| TAMARA LOWNEY | VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| SONY MALHOTRA | TREASURER | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| THOMAS ADAMS | SECRETARY | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| SARAH CLYNE | PAST CHAIR | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| GEMA ALVARADO-GUERRERO | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| PATTY PANNKUK | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| COURTNEY COLBY | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| HEIDI CHRISTIANSON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JEAN ADAMS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| PAUL BABCOCK | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| SEAN KERSHAW | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| BRAXTON HAULCY | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DOMINIC PAPATOLA | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| SOOK JIN ONG | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| SANJEEV SHAH | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $23,001,187 | $12,567,668 | $61,665,697 | $10,433,519 |
| 2024 | $8,635,201 | $10,188,716 | $49,931,879 | $-1,553,515 |
| 2023 | $9,328,353 | $12,331,034 | $44,298,816 | $-3,002,681 |
| 2022 | $14,478,230 | $9,007,511 | $49,559,623 | $5,470,719 |
| 2021 | $8,344,774 | $7,474,313 | $40,479,076 | $870,461 |
| 2021 | $7,736,774 | $7,474,313 | $39,871,076 | $262,461 |
| 2020 | $8,339,894 | $7,155,426 | $40,727,822 | $1,184,468 |
| 2019 | $8,147,322 | $7,479,100 | $38,277,659 | $668,222 |
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