ARROWHEAD ECONOMIC OPPORTUNITY AGENCY INCORPORATED

EIN: 416052144 501(c)(3)

VIRGINIA, MN

Total Revenue
$52,476,677
Total Expenses
$51,094,373
Total Assets
$36,838,642
Net Assets
$28,528,944
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
MN
Phone
2187492912
Tax Period
2024-07-01 to 2025-06-30

ARROWHEAD ECONOMIC OPPORTUNITY AGENCY INCORPORATED, founded in 1965, is a mid-sized nonprofit that reported $52.5M in total revenue in fiscal year 2024.

Mission

Arrowhead Economic Opportunty Agency (AEOA) strengthens communities by providing opportunities for people experiencing social and economic challenges

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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 $41,214,030
Program Service Revenue $11,262,647
Investment Income $0
Other Revenue $0
TOTAL REVENUE $52,476,677

Expense Breakdown

Grants Paid $0
Salaries & Benefits $27,504,317
Fundraising Expenses $7,888
Program Expenses $41,617,238
Other Expenses $23,590,056
TOTAL EXPENSES $51,094,373

Year-over-Year Comparison

2024 2023 Change
Revenue $52,476,677 $49,872,927 +0.1%
Expenses $51,094,373 $47,162,572 +0.1%
Net Income $1,382,304 $2,710,355 -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
26
Independent Members
26
Employees
604
Volunteers
1800

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
6
$0
Total Directors
29
$0
Key Employees
11
$1,364,685
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Scott Zahorik Executive Director 40
Key Emp Highest
$156,253 $12,321 $168,574
Cathy Pazzelli Human Resources Director, Assistant Exec Director 40
Key Emp
$138,275 $10,806 $149,081
Marilyn Ocepek Senior Services Director 40
Key Emp
$128,857 $9,399 $138,256
Emily Celley Chief Financial Officer 40
Key Emp
$125,046 $9,173 $134,219
Jan Francisco Employment Director 40
Key Emp
$116,500 $7,863 $124,363
David Johnson Housing Services Director 40
Key Emp
$114,059 $7,691 $121,750
Brandon Nurmi Transportation Director 40
Key Emp
$112,206 $6,418 $118,624
Emily Simonson Planning Director 40
Key Emp
$103,917 $6,235 $110,152
Angela Neal Housing Resources Director 40
Key Emp
$98,887 $4,153 $103,040
Gabriel Johnson Headstart Director 40
Key Emp
$99,430 $2,834 $102,264
Jesse Tweten Information Systems Director hired November 2024 40
Key Emp
$94,362 $0 $94,362
Jeff Kletscher Board Member-Chairperson 6
Officer Director
$0 $0 $0
Kevin Adee Board Member-First Vice-Chairperson 4
Officer Director
$0 $0 $0
Laura Perry Board Member-Second Vice-Chairperson 4
Officer Director
$0 $0 $0
Dana Waldron Board Member-Board Treasurer resign Oct 2024 6
Officer Director
$0 $0 $0
Robert Hietala Board Member - Treasurer Dec 2024 6.00
Officer Director
$0 $0 $0
Cherri Averill-Manner Board Member - Secretary 4
Officer Director
$0 $0 $0
Ben DeNucci Board Member 2
Director
$0 $0 $0
Cathy Zelinski Board Member 2
Director
$0 $0 $0
Casey Venema Board Memeber 2
Director
$0 $0 $0
Keith Nelson Board Member 2
Director
$0 $0 $0
Les Northrup Board Member 2
Director
$0 $0 $0
Michael Jugovich Board Member 2
Director
$0 $0 $0
Paul McDonald Board Member 2
Director
$0 $0 $0
Romit Jha Board Member 2
Director
$0 $0 $0
Tina Koecher Board Member 2
Director
$0 $0 $0
Derrick Goutermount Board Member 2
Director
$0 $0 $0
Michael Kearney Board Member 2
Director
$0 $0 $0
Gayle Goff Board Member 2
Director
$0 $0 $0
Victoria Thorsen Board member 2
Director
$0 $0 $0
Michelle Miller Board Member 2
Director
$0 $0 $0
Crystal Royer Board Member seated Dec 2024 2
Director
$0 $0 $0
Dana Hiltunen Board Member seated Dec 2024 2
Director
$0 $0 $0
Debra White Board Member seated April 2024 2
Director
$0 $0 $0
Nathan Thompson Board Member seated Oct 2024 2
Director
$0 $0 $0
Jason Sjoblom Board Member seated Feb 2025 2
Director
$0 $0 $0
Dan Reed Board Member seated Feb 2025 2
Director
$0 $0 $0
Steve Estey Board Member seated June 2025 2
Director
$0 $0 $0
Gary Peterson Board Member - resign Dec 2024 2.00
Director
$0 $0 $0
Ricky Roche Board Member resign Dec 2024 2
Director
$0 $0 $0
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 $52,476,677 $51,094,373 $36,838,642 $1,382,304
2024 $49,872,927 $47,162,572 $35,687,097 $2,710,355
2023 $47,080,713 $43,144,453 $34,722,208 $3,936,260
2022 $39,136,123 $38,548,926 $33,957,216 $587,197
2021 $34,969,254 $35,498,982 $32,578,294 $-529,728
2020 $34,301,349 $35,015,714 $34,155,797 $-714,365
2019 $38,227,737 $37,360,210 $33,489,752 $867,527
2018 $37,184,897 $35,354,623 $33,440,687 $1,830,274
2018 $37,184,897 $35,354,623 $33,440,687 $1,830,274
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