GREAT MN SCHOOLS

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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

2016

Legal Domicile

Principal Officer

JEN STERN

Phone

6123611309

Tax Period

2024-07-01 to 2025-06-30

GREAT MN SCHOOLS, founded in 2016, is a community nonprofit in the Education sector that reported $5.3M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

WE BELIEVE THAT GREAT SCHOOLS ARE THE CORNERSTONE OF A JUST AND THRIVING COMMUNITY. ENSURING THAT EVERY CHILD IS ABLE TO ATTEND A SCHOOL THAT WORKS IS OUR MORAL AND SOCIAL IMPERATIVE - OUR CHILDREN DESERVE NO LESS.

Program Service Accomplishments

Program 1

Expenses: $4,754,543 Revenue: $0

GREAT MN SCHOOLS PARTNERS WITH PROMISING SCHOOLS GUIDING THEIR IMPROVEMENT AND GROWTH, STRENGTHENING STUDENTS' LEARNING EXPERIENCES, AND ADVANCING EDUCATIONAL OUTCOMES. WORKING WITH COMMUNITY-BASED PARTNERS, WE SUPPORT FAMILIES IN MAKING INFORMED DECISIONS ON ENROLLMENT AND ADVOCATING FOR THEIR CHILDREN WITHIN SCHOOLS. AND WE ENGAGE THE COMMUNITY AS PARTNERS, BUILDING SUPPORT FOR PROVEN SOLUTIONS.

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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 $5,296,534

Program Service Revenue $0

Investment Income $2,317

Other Revenue $0

TOTAL REVENUE $5,298,851

Expense Breakdown

Grants Paid $1,100,600

Salaries & Benefits $2,320,985

Fundraising Expenses $543,180

Program Expenses $4,754,543

Other Expenses $2,362,435

TOTAL EXPENSES $5,784,020

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,298,851	$5,930,581	-0.1%
Expenses	$5,784,020	$5,691,975	+0.0%
Net Income	$-485,169	$238,606	-3.0%

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

$348,162

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STAN ALLEYNE	CHAIR	4.00	Officer Director	$0	$0	$0
BECKY ERDAHL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SARAH CLYNE	TREASURER (THRU 9/24)	1.00	Officer Director	$0	$0	$0
AL FAN	TREASURER (AS OF 9/24)	1.00	Officer Director	$0	$0	$0
HABON ABDULLE	DIRECTOR	1.00	Director	$0	$0	$0
ROB ALBRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
JULIE BAKER	DIRECTOR	1.00	Director	$0	$0	$0
ROSITA BALCH	DIRECTOR	1.00	Director	$0	$0	$0
SIMONE HARDEMAN-JONES	DIRECTOR	1.00	Director	$0	$0	$0
BERNADEIA JOHNSON	DIRECTOR (THRU 9/24)	1.00	Director	$0	$0	$0
ALBERTO MONSERRATE	DIRECTOR	1.00	Director	$0	$0	$0
ADAIR MOSLEY	DIRECTOR	1.00	Director	$0	$0	$0
TAD PIPER	DIRECTOR	1.00	Director	$0	$0	$0
SONDRA SAMUELS	DIRECTOR	1.00	Director	$0	$0	$0
PHIL SORAN	DIRECTOR	1.00	Director	$0	$0	$0
BEN WHITNEY	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER STERN	EXECUTIVE DIRECTOR	40.00	Officer	$329,193	$18,969	$348,162
SHEILAH KAVANEY	SENIOR DIRECTOR OF OPERATIONS	40.00	Highest	$183,107	$17,424	$200,531
KYLE PARSONS	VP OF COMMUNITY ENGAGEMENT	40.00	Highest	$166,853	$10,991	$177,844
KARN ENGELSGJERD	SENIOR DIRECTOR OF EXTERNAL AFFAIRS	40.00	Highest	$172,193	$5,166	$177,359
MELISSA LONG	DIRECTOR OF LITERACY	40.00	Highest	$159,199	$4,864	$164,063
MORGAN BROWN	PORTFOLIO DIRECTOR	40.00	Highest	$155,195	$22,682	$177,877

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	$5,298,851	$5,784,020	$216,430	$-485,169
2024	$5,930,581	$5,691,975	$944,896	$238,606
2023	$5,152,626	$4,839,133	$435,285	$313,493
2022	$3,619,260	$4,771,013	$411,897	$-1,151,753
2021	$4,065,568	$4,069,986	$1,335,864	$-4,418
2020	$3,824,389	$4,085,325	$1,467,338	$-260,936
2019	$2,364,639	$2,359,169	$1,292,716	$5,470
2018	$1,732,994	$1,435,754	$550,679	$297,240