THE JONES FAMILY FOUNDATION

EIN: 453069865 501(c)(3) Education

ST PAUL, MN

Total Revenue
$376,920
Total Expenses
$1,126,736
Total Assets
$12,094,847
Net Assets
$11,886,915
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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
2011
Legal Domicile
MN
Principal Officer
DAN MASSETT
Phone
6512245463
Tax Period
2023-01-01 to 2023-12-31

THE JONES FAMILY FOUNDATION, founded in 2011, is a small nonprofit in the Education sector that reported $377K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 199% operating deficit.

Mission

IDENTIFY, INITIATE AND SUPPORT ENDEAVORS THAT POSITIVELY IMPACT THE RED WING AREA OF MINNESOTA.

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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 $3,820
Program Service Revenue $0
Investment Income $373,100
Other Revenue $0
TOTAL REVENUE $376,920

Expense Breakdown

Grants Paid $853,294
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $898,736
Other Expenses $273,442
TOTAL EXPENSES $1,126,736

Year-over-Year Comparison

2023 2022 Change
Revenue $376,920 $426,788 -0.1%
Expenses $1,126,736 $711,603 +0.6%
Net Income $-749,816 $-284,815 +1.6%
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
11
Independent Members
10
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
6
$334,848
Total Directors
11
$317,618
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN MASSETT BOARD CHAIR 1.00
Officer Director
$0 $0 $0
ANNE JONES CO-VICE CHAIR 1.00
Officer Director
$0 $0 $0
SCOTT JONES CO-VICE CHAIR 1.00
Officer Director
$0 $0 $0
TIM KELLY TREASURER 1.00
Officer Director
$0 $0 $0
SCOTT ZASTOUPIL VICE TREASURER 1.00
Officer
$0 $31,841 $269,405
RACHELLE COBB SECRETARY 35.00
Officer
$0 $12,006 $65,443
SHEILA BECKNER BOARD MEMBER 1.00
Director
$0 $0 $0
RICH BODENSTEINER BOARD MEMBER 1.00
Director
$0 $0 $0
PASTOR JUSTIN BOEDING BOARD MEMBER 1.00
Director
$0 $0 $0
NEELA MOLLGAARD BOARD MEMBER 1.00
Director
$0 $0 $0
ETHAN SEABERG BOARD MEMBER 1.00
Director
$0 $0 $0
JAY TAUER BOARD MEMBER 1.00
Director
$0 $0 $0
JEREMY WELLS BOARD MEMBER 1.00
Director
$0 $48,668 $317,618
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 $376,920 $1,126,736 $12,094,847 $-749,816
2022 $426,788 $711,603 $12,265,647 $-284,815
2021 $1,564,324 $1,555,129 $14,396,896 $9,195
2020 $504,142 $792,318 $13,229,780 $-288,176
2019 $1,461,609 $990,753 $12,865,651 $470,856
2018 $1,368,783 $1,426,789 $11,742,641 $-58,006
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