MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
NEON MISSION IS TO BUILD WEALTH FOR THE LOW TO MODERATE-INCOME ENTREPRENEURS IN NORTH MINNEAPOLIS AND SURROUNDING COMMUNITIES. NEON ACCOMPLISHES ITS MISSION BY COLLABORATING WITH PARTNER ORGANIZATIONS TO PROVIDE TECHNICAL ASSISTANCE AND SUPPORT: ENTREPRENEUR TRAINING AND OUTREACH, FINANCIAL LITERACY, SMALL BUSINESS, AND TECHNICAL ASSISTANCE AND SUPPORT.
IN 2024 NEON SERVED 1,920 CLIENTS, PROVIDED 6,036 HOURS OF TECHNICAL ASSISTANCE, APPROVED AND/OR DISBURSED $1,050,000 IN LOANS TO BUSINESSES. WE HELPED START 224 BUSINESSES, CREATED 225 JOBS, AND...
IN 2024 NEON SERVED 1,920 CLIENTS, PROVIDED 6,036 HOURS OF TECHNICAL ASSISTANCE, APPROVED AND/OR DISBURSED $1,050,000 IN LOANS TO BUSINESSES. WE HELPED START 224 BUSINESSES, CREATED 225 JOBS, AND RETAINED 718 JOBS. WE CONDUCTED 22 THINKING ABOUT BUSINESS AND FOOD 101 WORKSHOPS. WE LAUNCHED THE FOOD INDUSTRY COHORT SERIES AND WE HELD 4-8 EVENTS. NEON ALSO BROKE GROUND FOR THE CONSTRUCTION OF THE NEON COLLECTIVE KITCHENS BUILDING, A FOOD BUSINESS INCUBATOR AND COMMERCIAL KITCHEN FACILITY. 90 PERCENT OF NEON CLIENTS ARE BIPOC AND 80 PERCENT ARE AFRICAN AMERICAN.
THE DESTINATION NORTHSIDE COALITION IS A GROUP OF ORGANIZATIONS COMMITTED TO THE LONG-TERM ECONOMIC PROSPERITY OF NORTH MINNEAPOLIS. THE DESTINATION NORTH COALITION SEEKS TO:- TRANSFORM NORTH...
THE DESTINATION NORTHSIDE COALITION IS A GROUP OF ORGANIZATIONS COMMITTED TO THE LONG-TERM ECONOMIC PROSPERITY OF NORTH MINNEAPOLIS. THE DESTINATION NORTH COALITION SEEKS TO:- TRANSFORM NORTH MINNEAPOLIS INTO A MORE PROSPEROUS, HEALTHY AND THRIVING ENVIRONMENT THAT IS CENTERED ON SUSTAINING A GOOD QUALITY OF LIFE FOR OUR RESIDENTS.- STRENGTHEN NORTHSIDE BUSINESS CORRIDORS AS KEY DESTINATIONS FOR FAMILIES, INDIVIDUALS, STAKEHOLDERS AND VISITORS.- INCREASE NORTH MINNEAPOLIS' VISIBILITY AND VIABILITY AS A DESTINATION WHILE GROWING OUR ASSETS AND BUILDING CULTURAL WEALTH THROUGH GENERATIONS.
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 | $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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
Compare NORTHSIDE ECONOMIC OPPORTUNITY NETWORK with other nonprofits in Minnesota and across the country.