GREATER MANKATO GROWTH INC FOUNDAT… - Form 990 Financial Data

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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

2015

Legal Domicile

Principal Officer

DAVID KRAUSE

Phone

5073856645

Tax Period

2024-01-01 to 2024-12-31

GREATER MANKATO GROWTH INC FOUNDATION, founded in 2015, is a micro nonprofit in the Community Improvement sector that reported $72K in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION PROVIDES SUPPORT FOR VARIOUS CHARITABLE CAUSES WITHIN THE GREATER COMMUNITY OF MANKATO, MINNESOTA IN ORDER TO CONTRIBUTE TO THE GROWTH, BETTERMENT AND VITALITY OF THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $55,875 Revenue: $46,875

GRANTS WERE PROVIDED TO BE USED FOR THE CITY ART PROGRAM IN MANKATO, MINNESOTA

Program 2

Expenses: $14,599

DONATIONS TO LOCAL ORGANIZATIONS FOR FINANCIAL ASSISTANCE.

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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 $19,000

Program Service Revenue $46,875

Investment Income $5,682

Other Revenue $0

TOTAL REVENUE $71,557

Expense Breakdown

Grants Paid $65,875

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $70,474

Other Expenses $5,682

TOTAL EXPENSES $71,557

Year-over-Year Comparison

	2024	2023	Change
Revenue	$71,557	$70,137	+0.0%
Expenses	$71,557	$80,065	-0.1%
Net Income	$0	$-9,928	-1.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID KRAUSE	CHAIR	1.00	Officer	$0	$0	$0
CHARLIE WHITAKER	PAST CHAIR	1.00	Officer	$0	$0	$0
DAVID KIM	VICE CHAIR	1.00	Officer	$0	$0	$0
BEN ELLINGSON	TREASURER/SE	1.00	Officer	$0	$0	$0
DR JAMES HEBL MD	BOARD MEMBER	1.00	Director	$0	$0	$0
LIZ ULMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
WESLEY OTTO	BOARD MEMBER	1.00	Director	$0	$0	$0
SAMANTHA BOECK	BOARD MEMBER	1.00	Director	$0	$0	$0
DELLA SCHMIDT	BOARD MEMBER	5.00	Director	$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
2024	$71,557	$71,557	$748,110	No data
2023	$70,137	$80,065	$1,093,851	$-9,928

GREATER MANKATO GROWTH INC FOUNDATION