MANKATO YOUTH PLACE INC

EIN: 842745924 501(c)(3) Human Services

Mankato, MN

Total Revenue
$3,312,873
Total Expenses
$769,524
Total Assets
$6,439,079
Net Assets
$3,743,256
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
MN
Principal Officer
Erin Simmon
Phone
5077206898
Tax Period
2023-01-01 to 2023-12-31

MANKATO YOUTH PLACE INC, founded in 2019, is a community nonprofit in the Human Services sector that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 256% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 77% operating margin.

Mission

My Place is a nonprofit organization established to provide a nurturing environment that empowers youth to build the confidence, knowledge, and skills needed to reach their full potential.

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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 $3,294,704
Program Service Revenue $0
Investment Income $15,511
Other Revenue $2,658
TOTAL REVENUE $3,312,873

Expense Breakdown

Grants Paid $0
Salaries & Benefits $364,717
Fundraising Expenses $50,757
Program Expenses $607,458
Other Expenses $404,807
TOTAL EXPENSES $769,524

Year-over-Year Comparison

2023 2022 Change
Revenue $3,312,873 $930,830 +2.6%
Expenses $769,524 $513,764 +0.5%
Net Income $2,543,349 $417,066 +5.1%
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
12
Independent Members
12
Employees
29
Volunteers
415

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
0
$0
Total Directors
13
$103,817
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Erin Simmons Executive Director 40
Director
$91,847 $11,970 $103,817
Laura Bowman Chair 1
Director
$0 $0 $0
Andy Nessler Vice Chair 1
Director
$0 $0 $0
Jo Bailey Treasurer 1
Director
$0 $0 $0
Marcia Bahr Board Member 1
Director
$0 $0 $0
Ryan McKeown Board Member 1
Director
$0 $0 $0
Ryan Marti Board Member 1
Director
$0 $0 $0
Anna Thill Board Member 1
Director
$0 $0 $0
Christi Skillbrand Board Member 1
Director
$0 $0 $0
Dr Dani Scott Board Member 1
Director
$0 $0 $0
Elizabeth Harstad Secretary 1
Director
$0 $0 $0
Dana Stanglmeier Board member 1
Director
$0 $0 $0
Heather Thielges Board Member 1
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 $3,312,873 $769,524 $6,439,079 $2,543,349
2022 $930,830 $513,764 $2,888,586 $417,066
2021 $516,400 $435,885 $820,157 $80,515
2020 $455,148 $392,945 $733,185 $62,203
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