MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOSPITALITY MN EDUCATION FOUNDATION, founded in 2004, is a small nonprofit in the Education sector that reported $461K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $74K, a strong 16% operating margin.
WE ARE INVESTING IN OUR INDUSTRY'S FUTURE BY TRAINING THE WORKFORCE OF TODAY AND INSPIRING THE LEADERS OF TOMORROW.
PROSTART PROGRAM:PROSTART IS A TWO-YEAR CURRICULUM FOR CULINARY ARTS AND FOODSERVICE MANAGEMENT THAT INCLUDES CLASSROOM STUDY, MENTORED WORK EXPERIENCES AND AN OPTIONAL PROSTART INVITATIONAL...
PROSTART PROGRAM:PROSTART IS A TWO-YEAR CURRICULUM FOR CULINARY ARTS AND FOODSERVICE MANAGEMENT THAT INCLUDES CLASSROOM STUDY, MENTORED WORK EXPERIENCES AND AN OPTIONAL PROSTART INVITATIONAL COMPETITION. PROSTART, AFFILIATED WITH THE NATIONAL RESTAURANT ASSOCIATION EDUCATIONAL FOUNDATION, IS OFFERED IN OVER 100 MINNESOTA SCHOOLS ENGAGING MORE THAN 5,500 STUDENTS WITH OVER 750 ALREADY WORKING IN THE INDUSTRY. THE HMEF CONNECTS MENTORS TO EACH SCHOOL, PROVIDES PROGRAM TEACHERS WITH TRAINING AND INDUSTRY RESOURCES, AND SPONSORS THE STATEWIDE PROSTART COMPETITION EACH SPRING. THE COMPETITION FEATURES TWO CATEGORIES: CULINARY ARTS AND FOODSERVICE MANAGEMENT. ANNUALLY , UP TO TWENTY TEAMS OF HIGH SCHOOL STUDENTS COMPETE FOR AWARDS, SCHOLARSHIPS, AND THE TOP TEAM IN EACH CATEGORY ADVANCED TO THE NATIONAL PROSTART INVITATIONAL HELD IN MAY. HMEF PROVIDES A TRAVEL ALLOWANCE TO EACH TEAM. THE TALENTS OF PROSTART STUDENTS ARE FEATURED AT SEVERAL INDUSTRY EVENTS THROUGHOUT THE YEAR CONNECTING THEM WITH FUTURE EMPLOYERS AND REINFORCING THEIR CAREER CHOICES.
HOSPITALITY & TOURISM MANAGEMENT PROGRAM:THE HOSPITALITY & TOURISM MANAGEMENT PROGRAM (HTMP) IS A CURRICULUM DEVELOPED BY THE AMERICAN HOTEL & LODGING ASSOCIATION THAT INTRODUCES HIGH SCHOOL STUDENTS...
HOSPITALITY & TOURISM MANAGEMENT PROGRAM:THE HOSPITALITY & TOURISM MANAGEMENT PROGRAM (HTMP) IS A CURRICULUM DEVELOPED BY THE AMERICAN HOTEL & LODGING ASSOCIATION THAT INTRODUCES HIGH SCHOOL STUDENTS TO THE LODGING INDUSTRY. THE CURRICULUM COVERS EVERYTHING FROM FRONT OFFICE AND HOUSEKEEPING MANAGEMENT TO MARKETING AND SALES, FOOD AND BEVERAGE, AS WELL AS GENERAL MANAGEMENT AND LEADERSHIP SKILLS. MINNESOTA CURRENTLY HAS TWENTY-FIVE SCHOOLS TEACHING THIS PROGRAM WITH AROUND 350 STUDENTS. THE HMEF HAS FUNDS AVAILABLE TO PROVIDE GRANTS TO SCHOOLS INTERESTED IN IMPLEMENTING THE PROGRAM, AS WELL AS CONNECTIONS TO MENTORS AND INDUSTRY CONTACTS FOR EACH TEACHER, PROVIDING A "REAL WORLD" RESOURCE FOR THE CLASSROOM.
SCHOLARSHIP PROGRAM:SINCE ITS INCEPTION IN 2008, THE HMEF SCHOLARSHIP PROGRAM HAS AWARDED SCHOLARSHIPS EXCEEDING $980,000 CUMULATIVELY TO STUDENTS PURSUING POST-SECONDARY DEGREES IN ACCREDITED...
SCHOLARSHIP PROGRAM:SINCE ITS INCEPTION IN 2008, THE HMEF SCHOLARSHIP PROGRAM HAS AWARDED SCHOLARSHIPS EXCEEDING $980,000 CUMULATIVELY TO STUDENTS PURSUING POST-SECONDARY DEGREES IN ACCREDITED CULINARY AND HOSPITALITY MANAGEMENT PROGRAMS ACROSS THE COUNTRY
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $460,805 | $358,136 | +0.3% |
| Expenses | $387,267 | $312,872 | +0.2% |
| Net Income | $73,538 | $45,264 | +0.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ANGELA WHITCOMB | PRESIDENT/CEO | 1.00 |
Officer
|
$0 | $10,947 | $171,595 |
| BRANDEN ROBINSON | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KEITH REARDON | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| AUSTIN THULL | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| FRANK SOUKUP | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DOUG KARLE | PAST CHAIR/DIRECTOR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PETER MIHAJLOV | PAST CHAIR/DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TIM MURRAY | PAST CHAIR/DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TIM BOLDT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSHUA BROWN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROLLIE CARLSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RICK CASPER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TIM DEVINS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HOOBIE ESKURI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BILL GODBE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DEB HALLBECK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JULIA HENDERSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOYCE HWANG PHD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARTIN KAPPERNMAN | DIRECTOR THROUGH FALL 24 | 1.00 |
Director
|
$0 | $0 | $0 |
| JORDAN LENZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARY LEVINSKI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANN LOVCIK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SHEILA LUKONEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LEOPOLDO POLO NAVARRO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHEF BILL NIEMER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TAMMY OLSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL PETERSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MONIQUE SABBY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRANDON SUPERNAULT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KIMBERLY THOMPSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $460,805 | $387,267 | $503,909 | $73,538 |
| 2023 | $358,136 | $312,872 | $405,151 | $45,264 |
| 2022 | $395,604 | $306,138 | $355,258 | $89,466 |
| 2021 | $130,361 | $116,018 | $269,732 | $14,343 |
| 2021 | $98,830 | $110,194 | $250,756 | $-11,364 |
| 2020 | $220,555 | $210,768 | $261,263 | $9,787 |
| 2019 | $234,612 | $240,698 | $269,920 | $-6,086 |
Compare HOSPITALITY MN EDUCATION FOUNDATION with other nonprofits in Minnesota and across the country.