FRASER INDEPENDENT LIVING PROJECT IV APPLE GROVE COURT

EIN: 411943697 501(c)(3) Human Services

RICHFIELD, MN

Total Revenue
$177,208
Total Expenses
$191,343
Total Assets
$878,216
Net Assets
$-444,752
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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
1999
Legal Domicile
MN
Principal Officer
DIANE S CROSS
Phone
6128611688
Tax Period
2024-01-01 to 2024-12-31

FRASER INDEPENDENT LIVING PROJECT IV APPLE GROVE COURT, founded in 1999, is a small nonprofit in the Human Services sector that reported $177K in total revenue in fiscal year 2024.

Mission

TO OPERATE AN APARTMENT COMPLEX FOR PERSONS WITH DEVELOPMENTAL DISABILITIES AND VERY LOW INCOME IN APPLE VALLEY, MINNESOTA, AS HUD PROJECT NO. 092-HD047-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 $200
Program Service Revenue $175,523
Investment Income $908
Other Revenue $577
TOTAL REVENUE $177,208

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $145,403
Other Expenses $191,343
TOTAL EXPENSES $191,343

Year-over-Year Comparison

2024 2023 Change
Revenue $177,208 $168,939 +0.0%
Expenses $191,343 $196,599 0.0%
Net Income $-14,135 $-27,660 -0.5%
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 $177,208 $191,343 $878,216 $-14,135
2023 $168,939 $196,599 $895,521 $-27,660
2022 $141,573 $211,564 $917,987 $-69,991
2021 $167,724 $175,005 $976,636 $-7,281
2020 $186,790 $156,251 $992,024 $30,539
2019 $131,865 $151,267 $997,071 $-19,402
2018 $123,571 $151,442 $1,019,934 $-27,871
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