EXODUS FINANCIAL SERVICES

EIN: 471706853 501(c)(3) Human Services

SAINT PAUL, MN

Total Revenue
$4,988,470
Total Expenses
$765,270
Total Assets
$4,976,089
Net Assets
$4,622,036
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
MN
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. WE AIM TO BREAK THE CYCLE OF FINANCIAL ABUSE, DISINVESTMENT, AND DISTRESS FOR LOW-INCOME COMMUNITIES AND COMMUNITIES OF COLOR WHICH THE CURRENT CREDIT AND BANKING SYSTEM EXCLUDES, EXPLOITS, AND ENTRAPS AT AN ALARMING RATE. OUR VISION IS TO EXPAND ACCESS TO SMALL DOLLAR-STABILIZING CAPITAL FOR FINANCIALLY EXCLUDED AND EXTRACTED MINNESOTANS WHILE BUILDING COMMUNITY POWER AND AGENCY TO PREVENT AND ELIMINATE PREDATORY LENDING SCHEMES IN OUR STATE AND NATION. WE DO THIS BY PROVIDING IMMEDIATE RELIEF TO MINNESOTANS EXPERIENCING FINANCIAL STRESS OR TRAUMA THROUGH ONE OF OUR 0% INTEREST CONSUMER SMALL-DOLLAR LOANS AND INVITING IMPACTED COMMUNITIES INTO OUR ADVOCACY AND ORGANIZING COALITION, MINNESOTANS FOR FAIR LENDING.

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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 (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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
8
Volunteers
15

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
5
$114,800
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
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
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