St Louis Park, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FREE BIKES 4 KIDZ, founded in 2020, is a small nonprofit in the Youth Development sector that reported $308K in total revenue in fiscal year 2022. Revenue surged 68% from the prior year, signaling strong growth momentum. Expenses of $370K exceeded revenue, resulting in a 20% operating deficit.
Passionate about the wellbeing of children, Free Bikes 4 Kidz(R) brinbgs communities together to sustainably furnish bikes to kids in need, providing a pathway to health, happiness and opportunity.
Free Bikes 4 Kidz (FB4K) currently has affiliates in 19 cities with a goal of expanding to 100 markets nationally. In 2022, our affiliates collected donated bikes from members of their communities...
Free Bikes 4 Kidz (FB4K) currently has affiliates in 19 cities with a goal of expanding to 100 markets nationally. In 2022, our affiliates collected donated bikes from members of their communities, organized thousands of volunteers to clean and refurbish them, and finally, partnering with local nonprofits, they gave over 26,000 bikes to children in need. As a byproduct of this process, we have kept tens of thousands of bikes out of landfills in 2022. Any bike that is beyond repair is stripped down for salvageable parts and then sent to a local recycling center. Not only have we made 26,000 kids smile in 2022, enabling them to ride into a happier and healthier future, we have engaged the community in doing so, while doing our part to save the planet.
In 2022, Free Bike 4 Kidz created a new program which enabled us to to augment our affiliates' impact by arranging for an additional 1,800 bikes to be delivered to them for distribution to children...
In 2022, Free Bike 4 Kidz created a new program which enabled us to to augment our affiliates' impact by arranging for an additional 1,800 bikes to be delivered to them for distribution to children in need in their markets. This new program focuses on working with bike manufacturing and retail partners to source the bikes, eliminating waste and inefficiencies in their process. We are excited to see this program grow in the years to come.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $308,020 | $183,432 | +0.7% |
| Expenses | $370,292 | $111,724 | +2.3% |
| Net Income | $-62,272 | $71,708 | -1.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Terry Esau | Executive Director | 40 |
Officer
Director
|
$84,000 | $6,998 | $90,998 |
| Milissa Rick | Chair | 4 |
Officer
Director
|
$0 | $0 | $0 |
| Jeff Lundgren | Treasurer | 4 |
Officer
Director
|
$0 | $0 | $0 |
| Chris Larson | Board Member | 4 |
Director
|
$0 | $0 | $0 |
| Marc Swiontkowski | Board Member | 2 |
Director
|
$0 | $0 | $0 |
| Brad Hosack | Board Member | 2 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | $308,020 | $370,292 | $39,261 | $-62,272 |
Compare FREE BIKES 4 KIDZ with other nonprofits in Minnesota and across the country.