GREATER FERGUS FALLS CORP

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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

JASMINE SONMOR

Phone

2183212079

Tax Period

2024-01-01 to 2024-12-31

GREATER FERGUS FALLS CORP, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $149K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $175K exceeded revenue, resulting in a 17% operating deficit.

Mission

SUPPORT THE CITY GOVERNMENT IN IMPROVING THE ECONOMY OF THE AREA

Program Service Accomplishments

Program 1

Expenses: $139,012 Revenue: $12,080

ACTIVITIES INCLUDE ADVISING AND ENCOURAGING POTENTIAL BUSINESS ENTERPRISES TO EXPAND OR LOCATE IN FERGUS FALLS, MN AND ACTING AS A GO-BETWEEN TO ASSIST THOSE BUSINESSES IN THEIR EXPANSION OR...

ACTIVITIES INCLUDE ADVISING AND ENCOURAGING POTENTIAL BUSINESS ENTERPRISES TO EXPAND OR LOCATE IN FERGUS FALLS, MN AND ACTING AS A GO-BETWEEN TO ASSIST THOSE BUSINESSES IN THEIR EXPANSION OR RELOCATION.

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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 $135,395

Program Service Revenue $12,080

Investment Income $1,493

Other Revenue $0

TOTAL REVENUE $148,968

Expense Breakdown

Grants Paid $200

Salaries & Benefits $120,795

Fundraising Expenses $7,391

Program Expenses $139,012

Other Expenses $53,515

TOTAL EXPENSES $174,510

Year-over-Year Comparison

	2024	2023	Change
Revenue	$148,968	$186,827	-0.2%
Expenses	$174,510	$235,664	-0.3%
Net Income	$-25,542	$-48,837	-0.5%

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
CARRIE BRIMHALL	BOARD MEMBER	1.00	Director	$0	$0	$0
TARA KEMPFER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHAD LANDMANN	TREASURER	1.00	Officer Director	$0	$0	$0
LEE ROGNESS	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN RUFER	BOARD MEMBER	1.00	Director	$0	$0	$0
BEN SCHIERER	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE SCHOENECK	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
KELLEN SHEBECK	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK SIKKINK	BOARD MEMBER	1.00	Director	$0	$0	$0
JASMINE SONMOR	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALLISON STOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE THORSON	BOARD MEMBER	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	$148,968	$174,510	$174,923	$-25,542
2023	$186,827	$235,664	$201,694	$-48,837
2022	$400,669	$294,903	$257,956	$105,766
2021	$264,645	$259,943	$150,997	$4,702
2020	$405,146	$302,030	$196,372	$103,116
2019	$234,241	$237,285	$42,478	$-3,044