COON RAPIDS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ANOKA HENNEPIN CREDIT UNION SPIRIT FOUNDATION, founded in 2016, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $33K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13K, a strong 40% operating margin.
THE FOUNDATION SUPPORTS LOCAL ORGANIZATIONS WHICH PROVIDE SAFETY, HEALTH, NOURISHMENT, EDUCATION, OR INSPIRATION TO YOUNG ADULTS IN LOCAL COMMUNITIES.
GAVE BACK 5% OF INTERCHANGE INCOME TO 8 LOCAL HIGH SCHOOLS THAT WERE PART OF THE SPIRIT DEBIT CARD REWARDS PROGRAM. THE HIGH SCHOOLS INCLUDED: ANDOVER HIGH SCHOOL, ANOKA HIGH SCHOOL, BLAINE HIGH...
GAVE BACK 5% OF INTERCHANGE INCOME TO 8 LOCAL HIGH SCHOOLS THAT WERE PART OF THE SPIRIT DEBIT CARD REWARDS PROGRAM. THE HIGH SCHOOLS INCLUDED: ANDOVER HIGH SCHOOL, ANOKA HIGH SCHOOL, BLAINE HIGH SCHOOL, CENTENNIAL HIGH SCHOOL, CHAMPLIN PARK HIGH SCHOOL, COON RAPIDS HIGH SCHOOL, FOREST LAKE HIGH SCHOOL AND ANOKA HENNEPIN SCHOOL DISTRICT.
GRANTED SIX $1,000 COLLEGE SCHOLARSHIPS TO STUDENTS OF SCHOOLS PARTICIPATING IN THE SPIRIT PROGRAMS.
GRANTED $500 TO COON RAPIDS H.S. BOYS SOCCER BOOSTER CLUB (NETGIVER MATCH).
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $33,076 | $24,507 | +0.3% |
| Expenses | $19,955 | $23,336 | -0.1% |
| Net Income | $13,121 | $1,171 | +10.2% |
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 |
|---|---|---|---|---|---|---|
| TERRY ANDERSON | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $1,210 |
| JIM GAFFNEY | PRESIDENT (THRU 09/2023) | 1.00 |
Officer
Director
|
$0 | $0 | $1,350 |
| TODD PROULX | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $2,210 |
| JEFF CLAUSSEN | TREASURER | 1.00 |
Officer
Director
|
$0 | $39,821 | $366,277 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $33,076 | $19,955 | $49,091 | $13,121 |
| 2022 | $24,507 | $23,336 | $35,969 | $1,171 |
| 2021 | $20,916 | $18,579 | $34,798 | $2,337 |
| 2020 | $10,572 | $22,089 | $32,461 | $-11,517 |
| 2019 | $33,350 | $17,136 | $43,978 | $16,214 |
| 2018 | $25,410 | $11,893 | $27,764 | $13,517 |
Compare ANOKA HENNEPIN CREDIT UNION SPIRIT FOUNDATION with other nonprofits in Minnesota and across the country.