LATHROP GPM FOUNDATION

EIN: 416249497 501(c)(3)

MINNEAPOLIS, MN

Total Revenue
$158,058
Total Expenses
$268,328
Total Assets
$384,354
Net Assets
$384,354
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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
1982
Legal Domicile
MN
Principal Officer
CATHERINE BITZAN AMUNDSEN
Phone
6126323000
Tax Period
2023-01-01 to 2023-12-31

LATHROP GPM FOUNDATION, founded in 1982, is a small nonprofit that reported $158K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $268K exceeded revenue, resulting in a 70% operating deficit.

Mission

TO MAKE CONTRIBUTIONS TO OTHER CHARITABLE ORGANIZATIONS

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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 (2023)

Revenue Breakdown

Contributions & Grants $158,058
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $158,058

Expense Breakdown

Grants Paid $260,603
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $260,603
Other Expenses $7,725
TOTAL EXPENSES $268,328

Year-over-Year Comparison

2023 2022 Change
Revenue $158,058 $299,042 -0.5%
Expenses $268,328 $298,708 -0.1%
Net Income $-110,270 $334 -331.1%
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

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Governance

Voting Members
9
Independent Members
N/A
Employees
N/A
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
0
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CATHERINE BITZAN AMUNDSEN TRUSTEE, CO-CHAIRPERSON 1.00
Director
$0 $0 $0
SARAH DUNIWAY TRUSTEE 0.30
Director
$0 $0 $0
ALISON ZINN SHEAHEN TRUSTEE, CO-CHAIRPERSON 1.00
Director
$0 $0 $0
PETER BROWN TRUSTEE 0.30
Director
$0 $0 $0
MICHAEL ABRAMS TRUSTEE 0.30
Director
$0 $0 $0
GRANT HARSE TRUSTEE 0.30
Director
$0 $0 $0
JAMES DEGIULIO TRUSTEE 0.30
Director
$0 $0 $0
KAYLA BREWE TRUSTEE 0.30
Director
$0 $0 $0
KRISTIN STOCK TRUSTEE 0.30
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
2024 No data No data No data No data
2023 $158,058 $268,328 $384,354 $-110,270
2022 $299,042 $298,708 $494,624 $334
2022 $299,042 $298,708 $494,624 $334
2021 $447,893 $251,878 $494,291 $196,015
2020 $290,856 $259,451 $298,276 $31,405
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