LOPPET ADVENTURES

EIN: 824416326 501(c)(3) Recreation & Sports

GOLDEN VALLEY, MN

Total Revenue
$6,000
Total Expenses
$668,545
Total Assets
$489,380
Net Assets
$-3,367,811
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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
MN
Principal Officer
MEGHAN COSGROVE
Phone
6129004498
Tax Period
2023-04-01 to 2024-03-31

LOPPET ADVENTURES, founded in 2017, is a micro nonprofit in the Recreation & Sports sector that reported $6K in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $669K exceeded revenue, resulting in a 11042% operating deficit.

Mission

WE CREATE ONRAMPS TO OUTDOOR ACTIVITY FOR PEOPLE OF ALL BACKGROUNDS, AGES, AND ABILITIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $6,000
TOTAL REVENUE $6,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $554,373
Fundraising Expenses $0
Program Expenses $668,545
Other Expenses $114,172
TOTAL EXPENSES $668,545

Year-over-Year Comparison

2023 2022 Change
Revenue $6,000 $12,000 -0.5%
Expenses $668,545 $255,180 +1.6%
Net Income $-662,545 $-243,180 +1.7%
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

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Governance

Voting Members
9
Independent Members
9
Employees
293
Volunteers
100

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
5
$111,483
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JONATHAN VAN HORN PRESIDENT 1.00
Officer Director
$0 $0 $0
EVELENA HILLMAN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
TRICIA CONROY SECRETARY 1.00
Officer Director
$0 $0 $0
TOM TRACHTMAN TREASURER 1.00
Officer Director
$0 $0 $0
JAMES ARCHER BOARD MEMBER 1.00
Director
$0 $0 $0
PENELOPE PATE GREENE BOARD MEMBER 1.00
Director
$0 $0 $0
CELIA BOREN BOARD MEMBER 1.00
Director
$0 $0 $0
CALISTA ANDERSON BOARD MEMBER 1.00
Director
$0 $0 $0
CLAY RUDOLPH BOARD MEMBER 1.00
Director
$0 $0 $0
NICHOL HANDLER BOARD MEMBER 1.00
Director
$0 $0 $0
MIA GREENE BOARD MEMBER 1.00
Director
$0 $0 $0
KRIS LARSON BOARD MEMBER 1.00
Director
$0 $0 $0
MINDY BENTON BOARD MEMBER 1.00
Director
$0 $0 $0
VERONICA URDANETA BOARD MEMBER 1.00
Director
$0 $0 $0
BILL MCKINNEY BOARD MEMBER 1.00
Director
$0 $0 $0
JORGE SAAVEDRA BOARD MEMBER 1.00
Director
$0 $0 $0
CLAIRE WILSON EXECUTIVE DIRECTOR 1.00
Officer
$110,583 $900 $111,483
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 No data No data No data No data
2024 $6,000 $668,545 $489,380 $-662,545
2023 $12,000 $255,180 $398,104 $-243,180
2022 $722,957 $533,940 $381,089 $189,017
2021 $757,753 $555,237 $445,525 $202,516
2020 $215,421 $534,001 $451,876 $-318,580
2019 $659,341 $612,350 $484,252 $46,991
2018 $300,517 $265,848 $439,801 $34,669
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