THE MIKE ZIMMER FOUNDATION

EIN: 474670992 501(c)(3)

BLOOMINGTON, MN

Total Revenue
$312,085
Total Expenses
$219,730
Total Assets
$205,278
Net Assets
$205,278
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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
MN
Principal Officer
CORRI ZIMMER WHITE
Phone
8172912521
Tax Period
2021-01-01 to 2021-12-31

THE MIKE ZIMMER FOUNDATION, founded in 2015, is a small nonprofit that reported $312K in total revenue in fiscal year 2021. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $92K, a strong 30% operating margin.

Mission

OUR MISSION IS TO BETTER THE LIVES OF CHILDREN IN NEED BY HELPING THEM CHASE THEIR DREAMS, MOTIVATING THEM TO DO SO AND PROMOTE A HEALTHY AND ACTIVE WAY OF LIVING AS WELL AS STRESS THE IMPORTANCE OF EDUCATION, HARD WORK, AND TEAMWORK.

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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 (2021)

Revenue Breakdown

Contributions & Grants $422,690
Program Service Revenue $0
Investment Income $8
Other Revenue $-110,613
TOTAL REVENUE $312,085

Expense Breakdown

Grants Paid $53,983
Salaries & Benefits $140,610
Fundraising Expenses $35,153
Program Expenses $115,458
Other Expenses $25,137
TOTAL EXPENSES $219,730

Year-over-Year Comparison

2021 2020 Change
Revenue $312,085 $167,172 +0.9%
Expenses $219,730 $176,444 +0.2%
Net Income $92,355 $-9,272 -11.0%
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

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Governance

Voting Members
6
Independent Members
5
Employees
1
Volunteers
100

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
4
$130,543
Total Directors
6
$130,543
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CORRI ZIMMER WHITE EXECUTIVE DIRECTOR 40.00
Officer Director
$130,543 $0 $130,543
MIKE ZIMMER PRESIDENT 1.00
Officer Director
$0 $0 $0
LOY WHITE TREASURER 1.00
Officer Director
$0 $0 $0
MARY REDMOND SECRETARY 1.00
Officer Director
$0 $0 $0
ADAM ZIMMER PLANNING/ EVENTS 1.00
Director
$0 $0 $0
MARKI ZIMMER EVENTS 1.00
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
2021 $312,085 $219,730 $205,278 $92,355
2019 $317,605 $216,480 $122,195 $101,125
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