THE NETWORK FOR BETTER FUTURES DBA BETTER FUTURES MINNESOTA

EIN: 450550557 501(c)(3) Crime & Legal

MINNEAPOLIS, MN

Total Revenue
$4,050,926
Total Expenses
$3,886,669
Total Assets
$1,441,929
Net Assets
$217,437
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
MN
Principal Officer
PJ HUBBARD
Phone
6124556133
Tax Period
2024-01-01 to 2024-12-31

THE NETWORK FOR BETTER FUTURES DBA BETTER FUTURES MINNESOTA, founded in 2007, is a community nonprofit in the Crime & Legal sector that reported $4.1M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $3.9M left a modest 4% surplus.

Mission

BETTER FUTURES FUELS A MAN'S DESIRE TO TURN HIS LIFE AROUND AND WALK A NEW PATH TOWARD BETTER HEALTH AND SUCCESS. IT ALSO AIMS TO CHANGE THE COSTLY PRACTICES THAT PRODUCE POOR RESULTS AND PERPETUATE CYCLES OF DEPENDENCY.

Program Service Accomplishments

Program 1
Expenses: $2,987,530 Revenue: $502,999

OUR INTEGRATED CARE TEAM (ICT) UNDERSTANDS REINTEGRATION IS ESSENTIAL FOR PARTICIPANT SUCCESS. WE STRIVE TO BUILD HEALTHY COMMUNITIES BY WALKING ALONGSIDE PARTICIPANTS TO HELP IMPROVE HEALTH AND...

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OUR INTEGRATED CARE TEAM (ICT) UNDERSTANDS REINTEGRATION IS ESSENTIAL FOR PARTICIPANT SUCCESS. WE STRIVE TO BUILD HEALTHY COMMUNITIES BY WALKING ALONGSIDE PARTICIPANTS TO HELP IMPROVE HEALTH AND WELLNESS, EMOTIONAL INTELLIGENCE, AND COMMUNITY/FAMILY REUNIFICATION. OUR MENTORSHIP AND COACHING MODEL IS CENTERED AROUND A PARTICIPANT'S INDIVIDUALIZE PROSPERITY PLAN. SINCE ITS FOUNDING IN 2007, BETTER FUTURES MN (BFM) HAS SERVED OVER 1,300 MEN OF DIVERSE BACKGROUNDS WITH UNIQUE CHALLENGES AND NEEDS. THE POPULATION WE SERVE IS OFTEN OVERLOOKED AND DISCRIMINATED AGAINST DUE TO THE STIGMA OF HAVING A CRIMINAL RECORD. WE EMBRACE THESE MEN AND HELP THEM FIND A BETTER PATH FORWARD. ADDRESSING SYSTEMIC POVERTY AND STRUCTURAL RACISM AND PROMOTING DIVERSITY, EQUITY, AND INCLUSION IS WOVEN INTO EVERY ASPECT OF OUR ORGANIZATIONBY PROVIDING ACCESS TO TRAINING, ON THE JOB TRAINING AND EMPLOYMENT, PHYSICAL AND BEHAVIORAL HEALTH CARE, AND A VIBRANT, SUPPORTIVE COMMUNITY FOR AT-RISK BLACK MEN, BFM HOPES TO PRODUCE BENEFICIAL LONG-TERM OUTCOMES NOT ONLY FOR THE MEN, BUT FOR THEIR FAMILIES AND COMMUNITIES AS WELL. THE SOCIAL ENTERPRISE DIVISION OF BFM LEADS ALL TRAININGS, CERTIFICATION, ON-THE JOB-TRAINING AND EMPLOYMENT FOR THE MEN WE SERVE. BFM IS VERY INTENTIONAL ABOUT CELEBRATING GROWTH AS MEN ACHIEVE GOALS, COMPLETE CERTIFICATIONS, AND TRAININGS, AND DEMONSTRATE CONSISTENCY AND DEDICATION AT WORK. THE MEN ALSO ENGAGE IN COMMUNITY MEETINGS TWICE A WEEK, WHERE THEY BOND WITH OTHER MEN, DISCUSS ISSUES THEY MIGHT BE FACING AND LEARN FROM GUEST SPEAKERS WHO HELP FACILITATE GROWTH, HEALING, AND SUPPORT.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,764,355
Program Service Revenue $2,208,064
Investment Income $0
Other Revenue $78,507
TOTAL REVENUE $4,050,926

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,957,010
Fundraising Expenses $137,473
Program Expenses $2,987,530
Other Expenses $1,929,659
TOTAL EXPENSES $3,886,669

Year-over-Year Comparison

2024 2023 Change
Revenue $4,050,926 $4,462,235 -0.1%
Expenses $3,886,669 $3,578,619 +0.1%
Net Income $164,257 $883,616 -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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Governance

Voting Members
5
Independent Members
5
Employees
101
Volunteers
2

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
4
$167,271
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES BRADLEY SECRETARY 1.00
Officer Director
$0 $0 $0
SIMON SHANNON DIRECTOR 1.00
Director
$0 $0 $0
HEATHER MCCANTS DIRECTOR 1.00
Director
$0 $0 $0
ROBERT MURRAY BOARD CHAIRMAN 1.00
Officer Director
$0 $0 $0
JULIUS BARNES TREASURER 1.00
Officer Director
$0 $0 $0
PJ HUBBARD PRESIDENT & CEO 40.00
Officer
$160,726 $6,545 $167,271
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 $4,050,926 $3,886,669 $1,441,929 $164,257
2023 $4,462,235 $3,578,619 $1,675,363 $883,616
2022 $3,639,604 $4,302,593 $1,199,026 $-662,989
2021 $3,722,880 $4,636,146 $1,342,357 $-913,266
2020 $4,716,983 $4,250,236 $1,592,704 $466,747
2019 $3,855,386 $3,994,636 $1,044,703 $-139,250
2018 $3,388,484 $3,480,544 $1,294,931 $-92,060
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