NORTHSIDE ECONOMIC OPPORTUNITY NETWORK (EIN 800163521) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

WARREN MCLEAN

Phone

6123021505

Tax Period

2024-01-01 to 2024-12-31

NORTHSIDE ECONOMIC OPPORTUNITY NETWORK, founded in 2009, is a community nonprofit in the Community Improvement sector that reported $5.9M in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.8M, a strong 48% operating margin.

Mission

BUILD WEALTH FOR LOW-TO-MODERATE INCOME ENTREPRENUERS IN NORTH MINNEAPOLIS AND SURROUNDING COMMUNITIES

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,097,933

Program Service Revenue $193,064

Investment Income $563,321

Other Revenue $2,054

TOTAL REVENUE $5,856,372

Expense Breakdown

Grants Paid $79,646

Salaries & Benefits $1,729,264

Fundraising Expenses $422,040

Program Expenses $1,961,574

Other Expenses $1,019,447

TOTAL EXPENSES $3,037,277

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,856,372	$11,896,335	-0.5%
Expenses	$3,037,277	$2,772,485	+0.1%
Net Income	$2,819,095	$9,123,850	-0.7%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$262,756

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRENT BOWMAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
TYLER BURKHARDT	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID STEIER	SECRETARY	1.00	Officer Director	$0	$0	$0
TING TING NI	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
TETO WILSON	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE GATEWOOD-HALL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GLORIA FREEMAN	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL KNIGHTON	DIRECTOR	1.00	Director	$0	$0	$0
KB BROWN	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON OLSON TEKLE	DIRECTOR	1.00	Director	$0	$0	$0
BETH DUMKE	DIRECTOR	1.00	Director	$0	$0	$0
BLAKE BERQUIST	DIRECTOR	1.00	Director	$0	$0	$0
SPENCER CRONIN	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA SPEARS	DIRECTOR	1.00	Director	$0	$0	$0
WARREN MCLEAN	PRESIDENT	40.00	Officer	$224,297	$38,459	$262,756
STEPHEN OBAYUWANA	SENIOR VP & COO	40.00	Highest	$139,817	$20,687	$160,504
ANN FIX	VP BUSINESS DEVELOPMENT	40.00	Highest	$110,714	$25,218	$135,932

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	$5,856,372	$3,037,277	$19,079,157	$2,819,095
2023	$11,896,335	$2,772,485	$18,678,460	$9,123,850
2022	$3,342,830	$3,441,144	$9,703,973	$-98,314
2021	$5,326,140	$1,910,031	$8,534,205	$3,416,109
2020	$3,859,950	$1,647,805	$3,984,432	$2,212,145
2019	$1,335,782	$1,282,549	$566,459	$53,233
2018	$921,002	$1,308,539	$547,201	$-387,537

NORTHSIDE ECONOMIC OPPORTUNITY NETWORK