MN FUNDRAISING INITIATIVE

EIN: 841964216 501(c)(3) Youth Development

Ham Lake, MN

Total Revenue
$3,470,611
Total Expenses
$3,201,993
Total Assets
$1,724,846
Net Assets
$1,724,846
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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
Phone
7635757585
Tax Period
2024-01-01 to 2024-12-31

MN FUNDRAISING INITIATIVE, founded in 2019, is a community nonprofit in the Youth Development sector that reported $3.5M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $3.2M left a modest 8% surplus.

Mission

MN Fundraising Initiative's mission is to enrich the lives of youth and families by providing grants to fund opportunities they would otherwise not be able to experience.

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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 $3,432,502
Investment Income $38,109
Other Revenue $0
TOTAL REVENUE $3,470,611

Expense Breakdown

Grants Paid $2,974,066
Salaries & Benefits $177,724
Fundraising Expenses $0
Program Expenses $3,201,993
Other Expenses $50,203
TOTAL EXPENSES $3,201,993

Year-over-Year Comparison

2024 2023 Change
Revenue $3,470,611 $3,159,288 +0.1%
Expenses $3,201,993 $2,909,378 +0.1%
Net Income $268,618 $249,910 +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
9
Independent Members
9
Employees
N/A
Volunteers
1354

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
1
$0
Total Directors
9
$0
Key Employees
3
$177,724
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Martin Cross CEO 75
Key Emp Highest
$159,436 $0 $159,436
Jessica Musta COO 18
Key Emp
$18,288 $0 $18,288
Patricia Cross Treasurer 30
Director
$0 $0 $0
Monica Fisher President 5
Director
$0 $0 $0
Chris Johnson Secretary 5
Director
$0 $0 $0
Kelly McElderry Vice President 5
Director
$0 $0 $0
Forrest Pryde Officer of the board 5
Director
$0 $0 $0
Jamie Johnson Officer of the Board 5
Director
$0 $0 $0
Kevin Schmitt Officer of the Board 5
Director
$0 $0 $0
Tim Laughlin Officer of the Board 5
Director
$0 $0 $0
Vince Hull Officer of the board 5
Officer Director Key Emp Highest
$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 $3,470,611 $3,201,993 $1,724,846 $268,618
2023 $3,159,288 $2,909,378 $1,456,228 $249,910
2022 $2,517,517 $1,804,655 $1,206,318 $712,862
2021 $865,262 $403,847 $493,456 $461,415
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