PARENTS IN PARTNERSHIP

EIN: 411972259 501(c)(3) Human Services

NEW ULM, MN

Total Revenue
$932,203
Total Expenses
$940,647
Total Assets
$896,689
Net Assets
$157,133
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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
MN
Principal Officer
TERESA HAVEMEIER
Phone
5073544299
Tax Period
2024-01-01 to 2024-12-31

PARENTS IN PARTNERSHIP, founded in 2000, is a small nonprofit in the Human Services sector that reported $932K in total revenue in fiscal year 2024.

Mission

CONSTRUCT AND OPERATE AN AFFORDABLE CHILDCARE CENTER

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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 $48,881
Program Service Revenue $883,320
Investment Income $2
Other Revenue $0
TOTAL REVENUE $932,203

Expense Breakdown

Grants Paid $0
Salaries & Benefits $662,328
Fundraising Expenses $0
Program Expenses $760,567
Other Expenses $278,319
TOTAL EXPENSES $940,647

Year-over-Year Comparison

2024 2023 Change
Revenue $932,203 $927,322 +0.0%
Expenses $940,647 $946,522 0.0%
Net Income $-8,444 $-19,200 -0.6%
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
7
Independent Members
7
Employees
26
Volunteers
7

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
5
$42,280
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH BUDENSKI CHAIR 1.50
Officer Director
$0 $0 $0
LEAH FISCHER VICE-CHAIR 1.50
Officer Director
$0 $0 $0
MIRANDA EVANS TREASURER 1.50
Officer Director
$0 $0 $0
KATIE BLOEDOW SECRETARY 1.50
Officer Director
$0 $0 $0
STEPHANIE LINGLE DIRECTOR 1.50
Director
$0 $0 $0
ABBY EVERS DIRECTOR 1.50
Director
$0 $0 $0
HUNTER CAMPBELL DIRECTOR 1.50
Director
$0 $0 $0
TERESA HAVEMEIER EXECUTIVE DIRECTOR 40.00
Officer
$42,280 $0 $42,280
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 $932,203 $940,647 $896,689 $-8,444
2023 $927,322 $946,522 $926,712 $-19,200
2022 $994,572 $885,363 $978,874 $109,209
2021 $832,681 $817,440 $873,811 $15,241
2021 $826,164 $808,926 $910,452 $17,238
2020 $840,419 $855,778 $941,726 $-15,359
2019 $828,313 $844,288 $859,282 $-15,975
2018 $784,003 $839,749 $915,048 $-55,746
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