BETTER IN OUR BACK YARD (EIN 824173274) - Form 990 Financial Analysis & Trantor Score

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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

Legal Domicile

Principal Officer

KIRK ILENDA

Tax Period

2023-01-01 to 2023-12-31

BETTER IN OUR BACK YARD is a small nonprofit in the Community Improvement sector that reported $236K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $207K left a modest 12% surplus.

Mission

BETTER IN OUR BACK YARD IS A COALITION OF DEDICATED YOUNG PROFESSIONALS AND EMERGING LEADERS IN THE REGION WHO UNDERSTAND THAT RESPONSIBLE INDUSTRY CREATES A THRIVING ECONOMY IN NORTHERN MINNESOTA WHILE PROTECTING THE REGIONS'S PRISTINE ENVIRONMENT. LIVES AND LIVELIHOODS IN NORTHERN MINNESOTA DEPEND ON MINING, MANUFACTURING AND PIPELINE INDUSTRIES TO BE SUCCESSFUL. BETTER IN OUR BACK YARD UNDERSTANDS THAT WHEN THESE INDUSTRIES ARE THRIVING, SO ARE THE UNION BUILDING TRADES, THE TOURISM AND SMALL BUSINESSES ACROSS NORTHERN MINNESOTA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,105

Program Service Revenue $203,950

Investment Income $5

Other Revenue $26,770

TOTAL REVENUE $235,830

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $16,130

Program Expenses $187,615

Other Expenses $206,720

TOTAL EXPENSES $206,720

Year-over-Year Comparison

	2023	2022	Change
Revenue	$235,830	$172,151	+0.4%
Expenses	$206,720	$157,023	+0.3%
Net Income	$29,110	$15,128	+0.9%

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

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
MARK BAKK	DIRECTOR	1.00	Director	$0	$0	$0
KIRK ILENDA	CHAIR	1.00	Officer Director	$0	$0	$0
MARCI KNIGHT	DIRECTOR	1.00	Director	$0	$0	$0
TODD LYDEN	DIRECTOR	1.00	Director	$0	$0	$0
DAN MANICK	DIRECTOR	1.00	Director	$0	$0	$0
JEFF PEDERSON	DIRECTOR	1.00	Director	$0	$0	$0
LISA RUDSTROM	TREASURER	1.00	Officer Director	$0	$0	$0
HANS WRONKA	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$235,830	$206,720	$111,284	$29,110

BETTER IN OUR BACK YARD