EAGLE RIDGE ACADEMY AFFILIATED BUILDING COMPANY

EIN: 800851487 501(c)(3) Education

MINNETONKA, MN

Total Revenue
$2,925,138
Total Expenses
$2,790,680
Total Assets
$34,036,799
Net Assets
$-4,161,080
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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
2012
Legal Domicile
MN
Principal Officer
JASON ULBRICH
Phone
9527467760
Tax Period
2024-07-01 to 2025-06-30

EAGLE RIDGE ACADEMY AFFILIATED BUILDING COMPANY, founded in 2012, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2024. Expenses of $2.8M left a modest 5% surplus.

Mission

TO OWN AND MAINTAIN A PUBLIC SCHOOLHOUSE, FOR LEASE TO THE EAGLE RIDGE ACADEMY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,709,925
Investment Income $215,213
Other Revenue $0
TOTAL REVENUE $2,925,138

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,754,714
Other Expenses $2,790,680
TOTAL EXPENSES $2,790,680

Year-over-Year Comparison

2024 2023 Change
Revenue $2,925,138 $2,893,957 +0.0%
Expenses $2,790,680 $2,810,607 0.0%
Net Income $134,458 $83,350 +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
5
Independent Members
4
Employees
N/A
Volunteers
4

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
3
$254,919
Total Directors
5
$254,919
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON ULBRICH MEMBER/EXECUTIVE DIRECTOR 1.00
Officer Director
$0 $44,704 $254,919
DAN HOGAN PRESIDENT 1.00
Officer Director
$0 $0 $0
KEVIN SHEPPARD VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
AMANDA HIPPE MEMBER 1.00
Director
$0 $0 $0
JEREMY LARSON MEMBER 1.00
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 $2,925,138 $2,790,680 $34,036,799 $134,458
2024 No data No data No data No data
2023 $2,754,744 $2,769,543 $35,091,902 $-14,799
2022 $2,530,569 $2,656,983 $35,541,142 $-126,414
2021 $2,516,760 $2,722,470 $36,798,126 $-205,710
2020 $2,423,242 $2,722,143 $37,382,023 $-298,901
2019 $2,336,740 $2,379,101 $31,318,174 $-42,361
2018 $2,379,467 $2,340,826 $31,813,830 $38,641
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