FRIENDS OF PRODEO ACADEMY

EIN: 834687701 501(c)(3) Education

COLUMBIA HEIGHTS, MN

Total Revenue
$1,155,765
Total Expenses
$1,049,986
Total Assets
$15,716,548
Net Assets
$-980,812
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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
2019
Legal Domicile
MN
Principal Officer
JIM HORN
Phone
7632059950
Tax Period
2024-07-01 to 2025-06-30

FRIENDS OF PRODEO ACADEMY, founded in 2019, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.0M left a modest 9% surplus.

Mission

TO PURCHASE, OWN, AND/OR CONSTRUCT A PUBLIC SCHOOLHOUSE, FOR LEASE TO THE SCHOOL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,075,563
Investment Income $80,202
Other Revenue $0
TOTAL REVENUE $1,155,765

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,031,793
Other Expenses $1,049,986
TOTAL EXPENSES $1,049,986

Year-over-Year Comparison

2024 2023 Change
Revenue $1,155,765 $1,162,601 0.0%
Expenses $1,049,986 $1,041,476 +0.0%
Net Income $105,779 $121,125 -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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM HORN PRESIDENT 1.00
Officer Director
$0 $0 $0
JEFF KLINEFELTER TREASURER 1.00
Officer Director
$0 $0 $0
LEW REMELE 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
2025 $1,155,765 $1,049,986 $15,716,548 $105,779
2024 $1,162,601 $1,041,476 $15,876,269 $121,125
2023 $1,072,313 $1,069,840 $15,932,454 $2,473
2022 $1,125,492 $1,063,637 $16,026,615 $61,855
2021 $913,947 $1,064,814 $15,982,070 $-150,867
2020 $64,279 $1,105,757 $16,752,882 $-1,041,478
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