SCHOOLCRAFT LEARNING COMMUNITY

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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

2000

Legal Domicile

Principal Officer

MARK BJORNRUD

Phone

2184442102

Tax Period

2024-07-01 to 2025-06-30

SCHOOLCRAFT LEARNING COMMUNITY, founded in 2000, is a community nonprofit in the Education sector that reported $3.5M in total revenue in fiscal year 2024.

Mission

SCHOOLCRAFT LEARNING COMMUNITY EXISTS TO HELP DEVELOPE INDIVIDUALS TOBE SELF-DIRECTED, LIFELONG LEARNERS WHO HAVE THE SKILLS AND KNOWLEDGETO CONFIDENTLY AND COMPASSIONATELY NAVIGATE IN THE WORLD.

Program Service Accomplishments

Program 1

Expenses: $3,045,566

SCHOOLCRAFT LEARNING COMMUNITY IS ORGANIZED FOR THE PURPOSE OF ESTABLISHING AND OPERATING A RESULTS-ORIENTED CHARTER SCHOOL PURSUANT TO MINNESOTA STATUTES CHAPTER 124D.10 (1997). DURING THE FISCAL...

SCHOOLCRAFT LEARNING COMMUNITY IS ORGANIZED FOR THE PURPOSE OF ESTABLISHING AND OPERATING A RESULTS-ORIENTED CHARTER SCHOOL PURSUANT TO MINNESOTA STATUTES CHAPTER 124D.10 (1997). DURING THE FISCAL YEAR ENDED JUNE 30, 2025, THE SCHOOL HAD 204 PUPIL UNITS IN GRADES KINDERGARTEN THROUGH THE EIGHTH GRADE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,415,289

Program Service Revenue $7,794

Investment Income $41,264

Other Revenue $0

TOTAL REVENUE $3,464,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,105,744

Fundraising Expenses $0

Program Expenses $3,045,566

Other Expenses $1,264,310

TOTAL EXPENSES $3,370,054

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,464,347	$3,446,478	+0.0%
Expenses	$3,370,054	$3,099,765	+0.1%
Net Income	$94,293	$346,713	-0.7%

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

Volunteers

N/A

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

$115,639

Total Directors

$343,452

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAKE ANDERSON	BOARD CHAIR	40.00	Officer Director	$0	$0	$0
CAIGE JAMBOR	VICE CHAIR	40.00	Director	$52,632	$0	$52,632
MEGAN HOGETVEDT	SECRETARY	1.00	Director	$0	$0	$0
CONNIE BARSNESS	MEMBER	1.00	Director	$0	$0	$0
KENDRA CARLSON	MEMBER	40.00	Director	$59,576	$0	$59,576
JONNI SHOUGH	MEMBER	40.00	Officer Director	$43,240	$0	$43,240
ANNAMAE SOVICK	TREASURER	1.00	Director	$49,986	$0	$49,986
MICHELLE SABOO	MEMBER	1.00	Director	$0	$0	$0
CARISSA MARTIN	MEMBER	1.00	Director	$0	$0	$0
ALYSSA KRUGER	DIRECTOR OF TEACHING AND LEARNING	1.00	Director	$65,619	$0	$65,619
MARK BJORNRUD	DIRECTOR OF OPERATIONS	40.00	Officer Director	$72,399	$0	$72,399

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
2025	$3,464,347	$3,370,054	$5,414,522	$94,293
2024	$3,446,478	$3,099,765	$5,653,506	$346,713
2023	$3,922,771	$2,878,068	$5,751,545	$1,044,703
2022	$3,135,171	$3,081,013	$5,273,804	$54,158
2021	$3,030,316	$3,076,168	$1,677,986	$-45,852
2019	$2,953,834	$2,646,463	$2,580,193	$307,371
2018	$2,798,800	$3,205,490	$3,045,164	$-406,690