IGNITE AFTERSCHOOL

EIN: 474834387 501(c)(3) Education

Minneapolis, MN

Total Revenue
$5,550,658
Total Expenses
$5,329,674
Total Assets
$3,405,087
Net Assets
$507,835
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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
MN
Principal Officer
Kari Dennisen Cunnen
Phone
6516445836
Tax Period
2024-01-01 to 2024-12-31

IGNITE AFTERSCHOOL, founded in 2014, is a community nonprofit in the Education sector that reported $5.6M in total revenue in fiscal year 2024. Expenses of $5.3M left a modest 4% surplus.

Mission

To unite Minnesota's afterschool community and strengthen afterschool programs through partnership, education and advocacy.

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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 $5,523,494
Program Service Revenue $8,131
Investment Income $19,033
Other Revenue $0
TOTAL REVENUE $5,550,658

Expense Breakdown

Grants Paid $4,039,578
Salaries & Benefits $502,897
Fundraising Expenses $413
Program Expenses $5,289,387
Other Expenses $787,199
TOTAL EXPENSES $5,329,674

Year-over-Year Comparison

2024 2023 Change
Revenue $5,550,658 $5,560,679 0.0%
Expenses $5,329,674 $5,673,262 -0.1%
Net Income $220,984 $-112,583 -3.0%
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
10
Independent Members
10
Employees
10
Volunteers
10

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
$101,512
Total Directors
10
$0
Key Employees
1
$101,512
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kari Denissen Cunnien Executive Director 40
Officer Key Emp Highest
$85,307 $16,205 $101,512
Tracie Clanaugh Former Board Chair and Director 2
Officer Director
$0 $0 $0
Jenny Wright Collins Board Chair and Director 2
Director
$0 $0 $0
Rachel Oberg-Hauser Director and Secretary 2
Officer Director
$0 $0 $0
Dale Blyth Director and Treasurer 2
Officer Director
$0 $0 $0
Cani Aden Director 2
Director
$0 $0 $0
Joseph Adamji Director 2
Director
$0 $0 $0
Longkee Vang Diretor 2
Director
$0 $0 $0
Aviva Hillenbrand Diretor 2
Director
$0 $0 $0
Samantha Loeks-Davis Director 2
Director
$0 $0 $0
Kate Walker Director 2
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 $5,550,658 $5,329,674 $3,405,087 $220,984
2023 $5,560,679 $5,673,262 $1,924,316 $-112,583
2022 $4,173,370 $4,070,466 $1,995,924 $102,904
2021 $348,056 $430,765 $325,425 $-82,709
2020 $316,288 $383,636 $376,151 $-67,348
2019 $685,781 $469,602 $465,697 $216,179
2018 $423,698 $439,106 $226,507 $-15,408
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