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
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

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

FRIENDS OF EAGLE RIDGE ACADEMY (FERA), THE ACADEMY'S NON-PROFIT FOUNDATION, HAS A SOLE PURPOSE TO FINANCIALLY SUPPORT EAGLE RIDGE ACADEMY AND SUSTAIN IT FOR FUTURE GENERATIONS. WITH THE IMMENSE GROWTH OF THE ACADEMY, PHILANTHROPY IS OF THE UTMOST IMPORTANCE. FERA PLAYS AN IMPORTANT ROLE IN BUILDING CAPACITY AND CULTIVATING LONG-LASTING RELATIONSHIPS. FERA IS A CERTIFIED 501(C)(3) ENTITY UNDER THE INTERNAL REVENUE CODE WITH ACCEPTED DONATIONS GOING TO ITS SOLE BENEFICIARY EAGLE RIDGE ACADEMY. ALL DONATIONS FROM INDIVIDUALS, CORPORATIONS, GRANTORS, AND FOUNDATIONS ARE ACCEPTED AND PROCESSED THROUGH FERA.

Program Service Accomplishments

Program 1
Expenses: $40,246

FUNDS ARE INVESTED IN FERA'S ENDOWMENT AND DISBURSED DIRECTLY TO THE ACADEMY FOR ITS HIGHEST PRIORITY NEEDS. FERA IS QUALIFIED TO RECEIVE TAX-DEDUCTIBLE DONATIONS, BEQUESTS, GIFTS OF STOCKS AND REAL...

Read more

FUNDS ARE INVESTED IN FERA'S ENDOWMENT AND DISBURSED DIRECTLY TO THE ACADEMY FOR ITS HIGHEST PRIORITY NEEDS. FERA IS QUALIFIED TO RECEIVE TAX-DEDUCTIBLE DONATIONS, BEQUESTS, GIFTS OF STOCKS AND REAL ESTATE, TRANSFERS, AND IN-KIND GIFTS. IT IS GOVERNED BY A BOARD OF DIRECTORS WHO FOCUS ON SHORT- AND LONG-TERM STRATEGY AND PLANNING FOR THE FUTURE OF EAGLE RIDGE ACADEMY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

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
Explore More Nonprofits
Top 100 Nonprofits in Minnesota Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare FRIENDS OF EAGLE RIDGE ACADEMY INC with other nonprofits in Minnesota and across the country.