Minneapolis, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)The Lift Garage, founded in 2012, is a community nonprofit in the Employment sector that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $398K, a strong 16% operating margin.
The Lift Garage offers people a vehicle out of poverty by: Providing low-cost quality car repair; Connecting with community partners to strengthen the support network; and Linking customers with needed resources.
The Lift Garage provided low-cost car repairs for Minnesotans who met the 150% Federal Poverty Guideline. During the current year, The Lift Garage repaired 853 cars saving their customers $638,943 in...
The Lift Garage provided low-cost car repairs for Minnesotans who met the 150% Federal Poverty Guideline. During the current year, The Lift Garage repaired 853 cars saving their customers $638,943 in car repair costs as compared to purchasing those repairs at current market rates. In addition, free inspections were completed on 862 cars with 92 of them receiving advice not to spend money to repair the vehicle as the repair outweighed the value of the vehicle and therefore, saving repair costs. Pre-purchase inspections were performed on 27 cars. Express service appointments were performed for 74 cars providing bulbs at no cost and wiper blades, batteries, and fluid top offs at cost. 73 mobile van inspections were performed to determine if cars should be brought into the shop for repairs.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,482,712 | $2,017,732 | +0.2% |
| Expenses | $2,084,380 | $1,846,808 | +0.1% |
| Net Income | $398,332 | $170,924 | +1.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Lynn Altmann | Chair | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Andrew Sveen | Vice Chair | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Susan Milnar | Treasurer | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Jonna Kosalko | Secretary | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| David Telep | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Tim Suggs | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Ted Mandravelis | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| David Bipes | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Zac Willette | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Jordan Simon | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| David Stevens | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Stephanie Zahrbock | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Cathy Heying | Executive Director | 40.00 |
Officer
|
$92,706 | $0 | $92,706 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,482,712 | $2,084,380 | $2,811,949 | $398,332 |
| 2023 | $2,017,732 | $1,846,808 | $2,552,796 | $170,924 |
| 2023 | $2,017,732 | $1,846,808 | $2,552,796 | $170,924 |
| 2022 | $1,933,056 | $1,445,890 | $2,408,059 | $487,166 |
| 2022 | $1,933,056 | $1,445,890 | $2,408,059 | $487,166 |
| 2022 | $1,933,056 | $1,445,890 | $2,408,059 | $487,166 |
| 2021 | $2,000,128 | $1,228,035 | $2,023,368 | $772,093 |
| 2020 | $1,276,418 | $1,081,860 | $745,543 | $194,558 |
| 2019 | $941,555 | $836,974 | $540,989 | $104,581 |
Compare The Lift Garage with other nonprofits in Minnesota and across the country.