THE MINNEAPOLIS GOOD CHAIR PROJECT

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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

2017

Legal Domicile

Principal Officer

MARK ADDICKS

Phone

6126695342

Tax Period

2020-01-01 to 2020-12-31

THE MINNEAPOLIS GOOD CHAIR PROJECT, founded in 2017, is a micro nonprofit in the Human Services sector that reported $22K in total revenue in fiscal year 2020. The organization ran a surplus of $4K, a strong 20% operating margin.

Mission

THE ORGANIZATION WILL HAVE CHAIRS BUILT THAT WILL BE PLACED IN NUMEROUS MINNEAPOLIS PARKS. THESE CHAIRS WILL ENHANCE THE LIFE OF MINNEAPOLIS RESIDENTS BY CREATING A COMFORTABLE, WELCOMING ENVIRONMENT TO ENJOY AND ENGAGE WITH THE NATION'S BEST URBAN PARK SYSTEM AND CREATE COMMUNITY WITH OTHERS.

Program Service Accomplishments

Program 1

Expenses: $15,133 Revenue: $21,700

THE ORGANIZATION HAD CHAIRS BUILT TO INSTALL IN MINNEAPOLIS PARKS TO ENHANCE THE LIFE OF MINNEAPOLIS RESIDENTS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $21,700

Program Service Revenue $0

Investment Income $1

Other Revenue $0

TOTAL REVENUE $21,701

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,133

Other Expenses $17,258

TOTAL EXPENSES $17,258

Year-over-Year Comparison

	2020	2019	Change
Revenue	$21,701	$20,979	+0.0%
Expenses	$17,258	$16,036	+0.1%
Net Income	$4,443	$4,943	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK ADDICKS	TREASURER	1.00	Officer Director	$0	$0	$0
SHARON GORNEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS HOCH	SECRETARY	1.00	Officer 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
2020	$21,701	$17,258	$9,875	$4,443
2019	$20,979	$16,036	$5,432	$4,943
2018	$219,500	$219,011	$489	$489