GOOD KARMA ANIMAL RESCUE OF MINNESOTA

EIN: 461838121 501(c)(3)

EAGAN, MN

Total Revenue
$218,835
Total Expenses
$268,698
Total Assets
$20,250
Net Assets
$20,041
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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
2013
Legal Domicile
MN
Principal Officer
MARK DIEKMANN
Phone
7636884692
Tax Period
2019-01-01 to 2019-12-31

GOOD KARMA ANIMAL RESCUE OF MINNESOTA, founded in 2013, is a small nonprofit that reported $219K in total revenue in fiscal year 2019. Expenses of $269K exceeded revenue, resulting in a 23% operating deficit.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO RESCUE AT-RISK DOGS, FOSTER THEM IN PRIVATE HOMES AND ULTIMATELY ADOPT THEM OUT TO CARING FAMILIES. ADDITIONALLY, THE ORGANIZATION IS INVOLVED IN CANINE EDUCATION AND PET OWNER TRAINING.

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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 (2019)

Revenue Breakdown

Contributions & Grants $178,054
Program Service Revenue $27,133
Investment Income $0
Other Revenue $13,648
TOTAL REVENUE $218,835

Expense Breakdown

Grants Paid $169,500
Salaries & Benefits $48,707
Fundraising Expenses $0
Program Expenses $216,083
Other Expenses $50,491
TOTAL EXPENSES $268,698

Year-over-Year Comparison

2019 2018 Change
Revenue $218,835 $225,952 0.0%
Expenses $268,698 $200,241 +0.3%
Net Income $-49,863 $25,711 -2.9%
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
3
Independent Members
2
Employees
1
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK DIEKMANN PRESIDENT OF N/A
Officer
$0 $0 $0
JOYCE MYERS TREASURER N/A
Officer
$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
2019 $218,835 $268,698 $20,250 $-49,863
2018 $225,952 $200,241 $77,221 $25,711
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