EAGLE RIDGE ACADEMY

EIN: 731673656 501(c)(3) Education

MINNETONKA, MN

Total Revenue
$19,122,111
Total Expenses
$18,485,645
Total Assets
$13,112,809
Net Assets
$-517,218
🔒

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
2004
Legal Domicile
MN
Principal Officer
CLARE MURRAY
Phone
9527467760
Tax Period
2022-07-01 to 2023-06-30

EAGLE RIDGE ACADEMY, founded in 2004, is a mid-sized nonprofit in the Education sector that reported $19.1M in total revenue in fiscal year 2022. Expenses of $18.5M left a modest 3% surplus.

Mission

PROVIDE STUDENTS WITH A TRADITIONAL, CLASSICAL EDUCATION TO STUDENTS IN GRADES K-12.

🔒

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 (2022)

Revenue Breakdown

Contributions & Grants $17,187,872
Program Service Revenue $809,289
Investment Income $177
Other Revenue $1,124,773
TOTAL REVENUE $19,122,111

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,535,890
Fundraising Expenses $0
Program Expenses $16,340,465
Other Expenses $6,949,755
TOTAL EXPENSES $18,485,645

Year-over-Year Comparison

2022 2021 Change
Revenue $19,122,111 $19,588,195 0.0%
Expenses $18,485,645 $17,873,239 +0.0%
Net Income $636,466 $1,714,956 -0.6%
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
8
Independent Members
5
Employees
267
Volunteers
452

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
5
$403,936
Total Directors
8
$197,395
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW BERG VICE CHAIR/TEACHER 45.00
Officer Director
$47,262 $22,026 $69,288
CLARE MURRAY BOARD CHAIR/TEACHER 45.00
Officer Director
$54,879 $4,756 $59,635
ANNE BARTOW SECRETARY/TEACHER 45.00
Officer Director
$63,108 $5,364 $68,472
GAIL HIATT BOARD MEMBER 5.00
Director
$0 $0 $0
DAVID CROSON TREASURER 5.00
Officer Director
$0 $0 $0
BETSY BIXBY BOARD MEMBER 5.00
Director
$0 $0 $0
ELLIOT LOUTSCH BOARD MEMBER 5.00
Director
$0 $0 $0
FARHIYA ROBLE BOARD MEMBER 5.00
Director
$0 $0 $0
JASON ULBRICH EXECUTIVE DIRECTOR 45.00
Officer
$168,111 $38,430 $206,541
JANELLE MELLGREN PRINCIPAL OF SCHOOL 40.00
Highest
$106,839 $19,549 $126,388
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 No data No data No data No data
2023 $19,122,111 $18,485,645 $13,112,809 $636,466
2022 $19,588,195 $17,873,239 $13,994,615 $1,714,956
2021 $16,854,949 $16,155,916 $14,507,492 $699,033
2020 $15,723,903 $14,847,390 $14,428,744 $876,513
2019 $15,638,342 $14,766,085 $16,534,961 $872,257
2018 $15,293,001 $16,996,118 $15,704,185 $-1,703,117
Explore More Nonprofits
→Top 100 Nonprofits in Minnesota →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

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

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.