FRIENDS OF CAREER SOLUTIONS

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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

TAMMY STARK

Phone

3203085818

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF CAREER SOLUTIONS, founded in 2017, is a small nonprofit in the Employment sector that reported $576K in total revenue in fiscal year 2024. Revenue surged 111% from the prior year, signaling strong growth momentum. The organization ran a surplus of $205K, a strong 36% operating margin.

Mission

FRIENDS OF CAREER SOLUTIONS PROMOTES ECONOMIC VITALITY IN CENTRAL MINNESOTA THROUGH FLEXIBLE, INNOVATIVE AND EFFECTIVE WORKFORCE DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $364,121 Revenue: $574,175

FRIENDS OF CAREER SOLUTIONS IS RESPONDING TO THE INCREASING NEED IN CENTRAL MINESOTA FOR PROGRAMS SERVING LOW INCOME YOUTH WHO LACK ACADEMIC AND APPLIED SKILLS CRITICAL FOR CURRENT AND FUTURE...

FRIENDS OF CAREER SOLUTIONS IS RESPONDING TO THE INCREASING NEED IN CENTRAL MINESOTA FOR PROGRAMS SERVING LOW INCOME YOUTH WHO LACK ACADEMIC AND APPLIED SKILLS CRITICAL FOR CURRENT AND FUTURE WORKPLACE NEEDS. THE MOST NOTABLE PROGRAM OFFERED IS CAREERONE, A SUMMER YOUTH EMPLOYMENT CAMP THAT TARGETS AT-RISK YOUTH. THE ORGANIZATION ASSISTS BUSINESSES AND HELPS JOB SEEKERS CONNECT TO SECURE EMPLOYMENT. THIS INCLUDES IDENTIFYING AND ATTRACTING DIFFERENT POPULATIONS WITHIN THE COMMUNITY - IMMIGRANTS, VETRANS, EX-OFFENDERS, DISABLED, ETC. THE ORGANIZATION PROVIDES CONSULTATION SERVICES TO COMPANIES WHO HAVE COMMITTED TO DIVERSIFYING THEIR WORKFORCE TO HELP THEM RECRUIT, TRAIN AND RETAIN.

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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 $574,175

Program Service Revenue $0

Investment Income $2,198

Other Revenue $0

TOTAL REVENUE $576,373

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $364,121

Other Expenses $371,452

TOTAL EXPENSES $371,452

Year-over-Year Comparison

	2024	2023	Change
Revenue	$576,373	$273,690	+1.1%
Expenses	$371,452	$178,134	+1.1%
Net Income	$204,921	$95,556	+1.1%

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
DAVID BORGERT	CHAIR	1.00	Officer Director	$0	$0	$0
TAMMY STARK	EX-OFFICIO MEMBER	4.00	Officer Director	$0	$0	$0
CRYSTAL LAHR	TREASURER	0.50	Officer Director	$0	$0	$0
JAMA ALIMAD	MEMBER	0.50	Director	$0	$0	$0
DOMINIQUE HOLLOMON	SECRETARY	0.50	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
2025	$576,373	$371,452	$592,098	$204,921
2024	$273,690	$178,134	$272,323	$95,556
2023	$334,049	$371,568	$227,960	$-37,519
2022	$234,543	$196,272	$210,946	$38,271
2021	$382,622	$276,394	$245,639	$106,228
2020	$258,078	$213,336	$69,493	$44,742