FOLDS OF HONOR FOUNDATION MINNESOTA INC (EIN 465531485) - 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

2014

Legal Domicile

Principal Officer

ROBERT CRON

Phone

9529135394

Tax Period

2023-01-01 to 2023-12-31

FOLDS OF HONOR FOUNDATION MINNESOTA INC, founded in 2014, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year.

Mission

RAISE FUNDS FOR FOLDS OF HONOR FOUNDATION TO ASSIST FAMILIES OF FALLEN & DISABLED SERVICE MEMBERS AND DEPENDENTS OF FIRST RESPONDERS (PEACE OFFICERS, EMTS, AND FIRE FIGHTERS)

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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 $1,752,722

Program Service Revenue $0

Investment Income $56,928

Other Revenue $24,144

TOTAL REVENUE $1,833,794

Expense Breakdown

Grants Paid $1,455,000

Salaries & Benefits $107,148

Fundraising Expenses $33,454

Program Expenses $1,586,696

Other Expenses $256,039

TOTAL EXPENSES $1,818,187

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,833,794	$1,939,387	-0.1%
Expenses	$1,818,187	$1,804,068	+0.0%
Net Income	$15,607	$135,319	-0.9%

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

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

$81,666

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN RUSSETT TERM EXPIRED 623	PRESIDENT	4.00	Officer Director	$0	$0	$0
PERRY SCHMIDT STARTING 623	PRESIDENT	4.00	Officer Director	$0	$0	$0
JAY TIBBETS	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
BOB CRON	TREASURER	1.00	Officer Director	$0	$0	$0
KAM KIELHORN	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN POHLAD	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS SCHWARTZBAUER	DIRECTOR	1.00	Director	$0	$0	$0
NEAL LOIDOLT	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT NYGAARD	DIRECTOR	1.00	Director	$0	$0	$0
LYNN PLASCHKO	DIRECTOR	1.00	Director	$0	$0	$0
MIKE WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BARBEROT	DIRECTOR	1.00	Director	$0	$0	$0
ROGER MALDONADO	DIRECTOR	1.00	Director	$0	$0	$0
MITCH DAY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
ROB HOLT	DIRECTOR	1.00	Director	$0	$0	$0
MATT BRUNS	EXECUTIVE DIRECTOR	40.00	Officer	$81,666	$0	$81,666

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	$1,833,794	$1,818,187	$1,296,550	$15,607
2022	$1,939,387	$1,804,068	$1,186,272	$135,319
2021	$2,044,119	$1,508,523	$1,228,818	$535,596
2020	$976,279	$956,398	$691,603	$19,881
2019	$1,024,060	$811,039	$674,914	$213,021
2018	$673,135	$643,225	$466,713	$29,910

FOLDS OF HONOR FOUNDATION MINNESOTA INC