GRIGGS-STEELE EMPOWERMENT ZONE INC (EIN 450453134) - 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

ELIZABETH BERGE

Phone

7015242240

Tax Period

2023-01-01 to 2023-12-31

GRIGGS-STEELE EMPOWERMENT ZONE INC, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $203K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $224K exceeded revenue, resulting in a 10% operating deficit.

Mission

TO INCREASE POPULATION WHILE MAINTAINING SUSTAINABLE RURAL VALUES AND LIFESTYLES, TO ENHANCE COMMUNITY FACILITIES AND SERVICES TO SUPPORT REVITALIZATION, TO END OUT-MIGRATION AND TO INVIGORATE AND DIVERSIFY THE ECONOMY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $154,981

Investment Income $36,479

Other Revenue $11,650

TOTAL REVENUE $203,110

Expense Breakdown

Grants Paid $21,541

Salaries & Benefits $176,634

Fundraising Expenses $0

Program Expenses $111,093

Other Expenses $25,779

TOTAL EXPENSES $223,954

Year-over-Year Comparison

	2023	2022	Change
Revenue	$203,110	$160,833	+0.3%
Expenses	$223,954	$249,319	-0.1%
Net Income	$-20,844	$-88,486	-0.8%

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

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

$75,534

Total Directors

$1,440

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN JULIUSON	PRESIDENT	1.00	Officer Director	$420	$0	$420
HOLLY STROMSODT	TREASURER	1.00	Officer Director	$360	$0	$360
SHERI LEE	SECRETARY	1.00	Officer Director	$60	$0	$60
BRIAN TUITE	DIRECTOR	1.00	Director	$60	$0	$60
ED EVERSON	DIRECTOR	1.00	Director	$120	$0	$120
PETE SCHUMACHER	VICE PRESIDENT	1.00	Officer Director	$60	$0	$60
DANNY BAKKEN	DIRECTOR	1.00	Director	$360	$0	$360
ELIZABETH BERGE	CFO/COO	32.00	Officer	$59,506	$15,128	$74,634

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	$203,110	$223,954	$4,980,745	$-20,844
2022	$160,833	$249,319	$4,984,291	$-88,486
2021	$162,623	$290,209	$5,018,876	$-127,586
2020	$233,138	$246,187	$5,153,067	$-13,049
2019	$-544,975	$306,759	$5,223,338	$-851,734
2018	$121,016	$316,466	$6,202,384	$-195,450

GRIGGS-STEELE EMPOWERMENT ZONE INC