EVOLVE ND

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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

2018

Legal Domicile

Principal Officer

BRIDGET WEST

Phone

7013357638

Tax Period

2024-01-01 to 2024-12-31

EVOLVE ND, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $146K in total revenue in fiscal year 2024. The organization ran a surplus of $37K, a strong 25% operating margin.

Mission

TO PROMOTE, BUILD, EDUCATE, AND HELP ENTREPRENEURIAL, STARTUP, AND CREATIVE COMMUNITIES IN GRAND FORKS, NORTH DAKOTA AND THE SURROUNDING REGION

Program Service Accomplishments

Program 1

Expenses: $88,264

THE ORGANIZATION PROMOTED, BUILT, EDUCATED, AND HELPED ENTREPRENEURIAL, STARTUP, AND CREATIVE COMMUNITIES IN GRAND FORKS, NORTH DAKOTA AND THE SURROUNDING REGION

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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 $144,572

Program Service Revenue $1,698

Investment Income $0

Other Revenue $0

TOTAL REVENUE $146,270

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,977

Fundraising Expenses $9,076

Program Expenses $88,264

Other Expenses $91,463

TOTAL EXPENSES $109,440

Year-over-Year Comparison

	2024	2023	Change
Revenue	$146,270	$146,269	+0.0%
Expenses	$109,440	$106,439	+0.0%
Net Income	$36,830	$39,830	-0.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDON BAUMBACH	BOARD MEMBER	1.00	Director	$0	$0	$0
GRETA SILEWSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
JARED WESTREM	BOARD MEMBER	1.00	Director	$0	$0	$0
SANDI LUCK	BOARD MEMBER	1.00	Director	$0	$0	$0
NICHOLAS FLOM	BOARD MEMBER	1.00	Director	$0	$0	$0
KAELAN REEDY	EXECUTIVE DIRECTOR	40.00	Director	$0	$0	$0
BRIDGET WEST	PRESIDENT	1.00	Officer	$0	$0	$0
MATT TERNUS	VICE PRESIDENT	1.00	Officer	$0	$0	$0
AMBER FLYNN	SECRETARY	1.00	Officer	$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
2024	$146,270	$109,440	$94,143	$36,830
2023	$68,483	$133,511	$38,769	$-65,028
2022	$187,064	$170,314	$67,598	$16,750
2021	$247,982	$263,407	$52,787	$-15,425
2018	$204,889	$148,628	$108,589	$56,261