Kaleidoscope Charter School No 4118

EIN: 731663207 501(c)(3) Education

Otsego, MN

Total Revenue
$10,113,360
Total Expenses
$8,077,507
Total Assets
$6,390,549
Net Assets
$1,157,654
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
MN
Principal Officer
Wendi Foss
Phone
7634281890
Tax Period
2023-07-01 to 2024-06-30

Kaleidoscope Charter School No 4118, founded in 2002, is a mid-sized nonprofit in the Education sector that reported $10.1M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.0M, a strong 20% operating margin.

Mission

To prepare students for tomorrow by emphasizing academic excellence and character development today.

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,900,630
Program Service Revenue $63,987
Investment Income $122,012
Other Revenue $1,026,731
TOTAL REVENUE $10,113,360

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,050,017
Fundraising Expenses $0
Program Expenses $7,208,382
Other Expenses $3,027,490
TOTAL EXPENSES $8,077,507

Year-over-Year Comparison

2023 2022 Change
Revenue $10,113,360 $8,572,234 +0.2%
Expenses $8,077,507 $7,312,468 +0.1%
Net Income $2,035,853 $1,259,766 +0.6%
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
6
Employees
126
Volunteers
12

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
7
$209,846
Total Directors
9
$268,175
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brad Sellner Executive Director 40.00
Officer Director
$64,570 $13,807 $78,377
Amy Erendu Ex Executive Director 40.00
Officer
$52,500 $11,644 $64,144
Renee Suess Treasurer (part-year)/Teacher 40.00
Director
$53,217 $8,881 $62,098
Shar Mullen Treasurer (part-year)/Teacher 40.00
Officer Director
$51,918 $15,407 $67,325
Angela Thorseth Board Member/Teacher 40.00
Director
$46,928 $13,447 $60,375
Deby Ziesmer Chair/Board Member 2.00
Officer Director
$0 $0 $0
Jason Banick Vice Chair/Chair 2.00
Director
$0 $0 $0
Michelle Zachman Secretary/Vice Chair 2.00
Officer Director
$0 $0 $0
Maggie Reis Secretary 2.00
Officer
$0 $0 $0
Wendi Foss Ex Officio 2.00
Officer
$0 $0 $0
Josh Christenson Board Member 2.00
Director
$0 $0 $0
Dianne Omoth Board Member 2.00
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 No data No data No data No data
2024 $10,113,360 $8,077,507 $6,390,549 $2,035,853
2023 $8,572,234 $7,312,468 $5,490,658 $1,259,766
2022 $7,774,712 $7,639,572 $5,670,068 $135,140
2021 $8,247,593 $7,770,169 $5,975,581 $477,424
2020 $7,383,891 $7,976,273 $7,320,825 $-592,382
2019 $7,041,541 $6,309,368 $8,259,433 $732,173
2018 $6,668,449 $8,925,953 $9,634,232 $-2,257,504
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