FRIENDS OF EAGLE RIDGE ACADEMY INC

EIN: 475542621 501(c)(3) Education

MINNETONKA, MN

Total Revenue
$141,403
Total Expenses
$53,324
Total Assets
$375,808
Net Assets
$375,808
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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
2016
Legal Domicile
MN
Principal Officer
KELLY SCHIFFMAN
Phone
9527467760
Tax Period
2024-07-01 to 2025-06-30

FRIENDS OF EAGLE RIDGE ACADEMY INC, founded in 2016, is a small nonprofit in the Education sector that reported $141K in total revenue in fiscal year 2024. The organization ran a surplus of $88K, a strong 62% operating margin.

Mission

TO FINANCIALLY SUPPORT EAGLE RIDGE ACADEMY AND SUSTAIN IT FOR FUTURE GENERATIONS.

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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 $185,778
Program Service Revenue $0
Investment Income $5,319
Other Revenue $-49,694
TOTAL REVENUE $141,403

Expense Breakdown

Grants Paid $40,246
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $40,246
Other Expenses $13,078
TOTAL EXPENSES $53,324

Year-over-Year Comparison

2024 2023 Change
Revenue $141,403 N/A N/A
Expenses $53,324 N/A N/A
Net Income $88,079 $0 N/A
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
4
Independent Members
4
Employees
N/A
Volunteers
5000

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
3
$110,401
Total Directors
5
$110,401
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLY SCHIFFMAN EXECUTIVE DIRECTOR 32.00
Officer Director
$0 $36,875 $110,401
ALLISON BRADY PRESIDENT 3.00
Officer Director
$0 $0 $0
DAVID CROSON TREASURER 3.00
Officer Director
$0 $0 $0
KELLY ATHMAN BOARD MEMBER 2.00
Director
$0 $0 $0
JASON ULBRICH EX-OFFICIO (ED OF ERA) 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
2025 $141,403 $53,324 $375,808 $88,079
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