Seward Neighborhood Group

EIN: 510166930 501(c)(3) Community Improvement

Minneapolis, MN

Total Revenue
$115,047
Total Expenses
$128,207
Total Assets
$517,332
Net Assets
$476,289
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1960
Legal Domicile
MN
Principal Officer
Andrew Carroll
Phone
6123386205
Tax Period
2024-01-01 to 2024-12-31

Seward Neighborhood Group, founded in 1960, is a small nonprofit in the Community Improvement sector that reported $115K in total revenue in fiscal year 2024. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $128K exceeded revenue, resulting in a 11% operating deficit.

Mission

Seward Neighborhood Group strives to strengthen civic participation in Seward by engaging, involving, and connecting a broad range of stakeholders through four overarching goals: Equity, Operational Sustainability, Engagement, Community Infrastructure.

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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 $40,192
Program Service Revenue $62,928
Investment Income $11,446
Other Revenue $481
TOTAL REVENUE $115,047

Expense Breakdown

Grants Paid $0
Salaries & Benefits $61,121
Fundraising Expenses $0
Program Expenses $102,402
Other Expenses $67,086
TOTAL EXPENSES $128,207

Year-over-Year Comparison

2024 2023 Change
Revenue $115,047 $274,308 -0.6%
Expenses $128,207 $218,537 -0.4%
Net Income $-13,160 $55,771 -1.2%
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
9
Independent Members
9
Employees
1
Volunteers
160

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
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mary Pumphery Board President 5.00
Officer Director
$0 $0 $0
Tami Traeger Vice President 5.00
Officer Director
$0 $0 $0
Ron Schlatter Treasurer 5.00
Officer Director
$0 $0 $0
Diann Anders Secretary 3.00
Officer Director
$0 $0 $0
Peter DAscoli Board member 3.00
Director
$0 $0 $0
Korla Masters Board member 3.00
Director
$0 $0 $0
Terry Barnes Board member 3.00
Director
$0 $0 $0
Casey Mock Board member 3.00
Director
$0 $0 $0
Lisa Boehlke Board member 3.00
Director
$0 $0 $0
Donna Ray Board member 3.00
Director
$0 $0 $0
Farah Habad Board member 3.00
Director
$0 $0 $0
Andy Carroll Board member 3.00
Director
$0 $0 $0
Ryan Morgan Board member 3.00
Director
$0 $0 $0
Steve McCauley Board member 3.00
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 $115,047 $128,207 $517,332 $-13,160
2023 $274,308 $218,537 $535,552 $55,771
2022 $161,527 $171,646 $506,040 $-10,119
2021 $103,629 $103,867 $530,449 $-238
2020 $213,700 $220,972 $568,232 $-7,272
2019 $255,118 $299,840 $561,609 $-44,722
2018 $447,040 $261,774 $614,446 $185,266
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