COURAGE KENNY FOUNDATION (EIN 411952989) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

LINDA ORTNER

Phone

6122620660

Tax Period

2022-01-01 to 2022-04-01

COURAGE KENNY FOUNDATION, founded in 1999, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2022. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO RAISE FUNDS AND ENGAGE THE COMMUNITY TO SUPPORT HEALTH AND INDEPENDENCE FOR THOSE WITH FUNCTIONAL LIMITATIONS THROUGH COURAGE KENNY REHAB'S COMPREHENSIVE CONTINUUM OF TRANSFORMATIVE SERVICES, RESEARCH AND INNOVATION, AND PUBLIC ADVOCACY. WITH THE FOUNDATION'S SUPPORT, THE CONTINUUM ENRICHES LIVES AND PROVIDES A LEVEL OF CARE ABOVE AND BEYOND THE CORE MEDICAL SERVICES PROVIDED BY ALLINA HEALTH.

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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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,247,292

Program Service Revenue $0

Investment Income $115,567

Other Revenue $-15,865

TOTAL REVENUE $1,346,994

Expense Breakdown

Grants Paid $1,290,858

Salaries & Benefits $0

Fundraising Expenses $152,349

Program Expenses $1,290,858

Other Expenses $346,249

TOTAL EXPENSES $1,637,107

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,346,994	$9,047,943	-0.9%
Expenses	$1,637,107	$6,317,325	-0.7%
Net Income	$-290,113	$2,730,618	-1.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$1,726,195

Total Directors

$795,689

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MODENA HENDERSON	DIRECTOR	2.00	Director	$0	$78,725	$543,904
LINDA ORTNER	DIRECTOR/PRESIDENT	32.00	Officer Director	$0	$16,724	$251,785
BETH BECKER	DIRECTOR	2.00	Director	$0	$0	$0
STEVE COLEMAN	DIRECTOR	2.00	Director	$0	$0	$0
JAMES GRESHAM	DIRECTOR	2.00	Director	$0	$0	$0
TIM GUNDERSON	DIRECTOR	2.00	Director	$0	$0	$0
VALERIE HERRING	DIRECTOR	2.00	Director	$0	$0	$0
GARY JOHANSEN	DIRECTOR	2.00	Director	$0	$0	$0
ANDY KRANE	DIR/CHAIR	2.00	Director	$0	$0	$0
RICHARD LAY	DIRECTOR	2.00	Director	$0	$0	$0
NICKI LERITZ	DIRECTOR	2.00	Director	$0	$0	$0
MIKE MCPARLAN	DIRECTOR/TREASURER	2.00	Director	$0	$0	$0
JOSH ORTIZ	DIRECTOR	2.00	Director	$0	$0	$0
JOSH REBHOLZ	DIRECTOR	2.00	Director	$0	$0	$0
DAN SEEMAN	DIRECTOR	2.00	Director	$0	$0	$0
ERIC SHERMAN	DIRECTOR	2.00	Director	$0	$0	$0
BOB SPENCER	DIRECTOR/VICE CHAIR/SEC.	2.00	Director	$0	$0	$0
PETER STITELER	DIRECTOR	2.00	Director	$0	$0	$0
DARCY SWENSON	DIRECTOR	2.00	Director	$0	$0	$0
JOSIE TAYLOR	DIRECTOR	2.00	Director	$0	$0	$0
BECKY WALKER	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD MAGNUSON	CFO	2.00	Officer	$0	$103,314	$1,474,410
STEPHEN BARITEAU	FORMER DIRECTOR/PRESIDENT	32.00		$0	$0	$96,096

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
2022	$1,346,994	$1,637,107	No data	$-290,113
2021	$9,047,943	$6,317,325	$42,769,363	$2,730,618
2020	$9,097,161	$8,092,196	$38,134,298	$1,004,965
2019	$7,440,920	$9,533,968	$37,271,071	$-2,093,048
2018	$8,066,878	$11,021,537	$37,280,655	$-2,954,659

COURAGE KENNY FOUNDATION