EXODUS FINANCIAL SERVICES

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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

ANNE LELAND CLARK

Phone

6156150067

Tax Period

2024-01-01 to 2024-12-31

EXODUS FINANCIAL SERVICES, founded in 2014, is a community nonprofit in the Human Services sector that reported $5.0M in total revenue in fiscal year 2024. Revenue surged 1078% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.2M, a strong 85% operating margin.

Mission

EXODUS LENDING WORKS WITH FINANCIALLY EXCLUDED MINNESOTANS TO ADVANCE ECONOMIC JUSTICE THROUGH CONSUMER LENDING, COMMUNITY ORGANIZING, AND ADVOCACY.

Program Service Accomplishments

Program 1

Expenses: $585,196

OUR 0% INTEREST PREDATORY DEBT REFINANCING PROGRAM PAYS OFF HIGH-INTEREST, SMALL-DOLLAR DEBTS AVERAGING 301% APR FOR MINNESOTANS. IN 2024, WE PAID OFF 152 PREDATORY LOANS, TOTALING $119,893, FOR 108 MINNESOTANS. IN ADDITION, 57 GRADUATED FROM OUR PROGRAM HAVING FULLY REPAID THEIR LOANS BACK IN 2024. IN MAY 2024, EXODUS LENDING RELAUNCHED THE SECOND PILOT OF THE RESILIENCY LOAN PROGRAM WHICH WAS AN UPSTREAM, "ANTI-PAYDAY" LOAN TO ADDRESS THE GAP IN CREDIT ACCESS BY OFFERING A 0% INTEREST PERSONAL LOAN IN LOW INCOME COMMUNITIES THROUGH A NETWORK OF TRUSTED NONPROFIT PARTNERS. IN 2024, EIGHT NONPROFIT COMMUNITY PARTNERS ACROSS MINNESOTA PROVIDED $37,255 OF PERSONAL LOANS TO 32 MINNESOTANS THROUGH THIS PROGRAM. WE ARE GROWING OUR PARTNERSHIPS THROUGH A NEW INITIATIVE WHERE WE OFFER LENDING AS A SERVICE TO OTHER NONPROFITS. NONPROFITS SEEK US OUT WHEN THEY ARE TURNED DOWN BY OTHER BANKS AND CREDIT UNIONS WHO DON'T WANT TO ADMINISTER LOANS FOR THEIR PROGRAMS. WE NOW HAVE THE CAPACITY AND CAPITAL TO RESPOND TO THIS NEED AND ARE PILOTING THIS PROGRAM WITH THE LIFT GARAGE IN MINNEAPOLIS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,796,589

Program Service Revenue $0

Investment Income $191,881

Other Revenue $0

TOTAL REVENUE $4,988,470

Expense Breakdown

Grants Paid $0

Salaries & Benefits $554,056

Fundraising Expenses $62,574

Program Expenses $585,196

Other Expenses $211,214

TOTAL EXPENSES $765,270

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,988,470	$423,454	+10.8%
Expenses	$765,270	$667,329	+0.1%
Net Income	$4,223,200	$-243,875	-18.3%

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

$114,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL STEELE	TREASURER	3.00	Officer Director	$0	$0	$0
ANNA BRELJE	DIRECTOR	1.50	Director	$0	$0	$0
KIMBERLY MILLER	SECRETARY	2.50	Officer Director	$0	$0	$0
VIENNA WILSON	PRESIDENT	2.50	Officer Director	$0	$0	$0
ADAM FAITEK	DIRECTOR	1.50	Director	$0	$0	$0
RYAN SMITH	DIRECTOR	1.50	Director	$0	$0	$0
ROXANNY ARMENDARIZ	DIRECTOR	1.50	Director	$0	$0	$0
MELISSA JULIETTE	VICE PRESIDENT	2.50	Officer Director	$0	$0	$0
LATICHIA HARPER	DIRECTOR	1.50	Director	$0	$0	$0
TIMOTHY ANDERSON	DIRECTOR	1.50	Director	$0	$0	$0
JAMES UNGLAUBE	DIRECTOR	1.50	Director	$0	$0	$0
DAVID WALTERS	DIRECTOR	1.50	Director	$0	$0	$0
ANNE LELAND CLARK	EXECUTIVE DIRECTOR	40.00	Officer	$105,326	$9,474	$114,800

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	$4,988,470	$765,270	$4,976,089	$4,223,200
2023	$423,454	$667,329	$630,842	$-243,875
2022	$583,695	$463,599	$842,929	$120,096
2021	$464,430	$318,516	$722,833	$145,914
2020	$536,309	$376,054	$574,419	$160,255
2019	$269,063	$235,696	$344,164	$33,367
2018	$222,296	$150,849	$265,797	$71,447