MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SMART NORTH, founded in 2021, is a small nonprofit in the Science & Technology sector that reported $808K in total revenue in fiscal year 2024. Revenue surged 102% from the prior year, signaling strong growth momentum.
SMART NORTH WAS BORN OUT OF COMMUNITY VISION TO ADVANCE DIGITAL EQUITY AND OPPORTUNITIES FOR UNDERSERVED AND RURAL COMMUNITIES IN MINNESOTA. WE PROVIDE FREE ACCESS AND TRAINING IN LEADING 21ST CENTURY TECH SKILLS TO CREATE A LEVEL PLAYING FIELD FOR ALL AT OUR TECH HUBS. WE ALSO PROVIDE EDUCATION AND MANAGING PILOT FOR 21ST CENTURY SMART INFRASTRUCTURE FOR NEEDY COMMUNITIES, SUCH AS SMART STREET LIGHTS, AND HOST AN ANNUAL THOUGHT LEADERSHIP EVENT CALLED FUTURE OF OUR COMMUNITIES TO SHOWCASE LATEST PROJECTS THAT ARE IN LINE WITH OUR WORK TO CREATE A DIGITALLY FORWARD WORKFORCE AND INFRASTRUCTURE FOR MN.
SMART NORTH'S BIG ACCOMPLISHMENTS IN 2024 WERE THREEFOLD:1. OPENING A NEW TECH HUB IN GRAND RAPIDS, MN IN PARTNERSHIP WITH THE COMMUNITY ED OF ITASCA COUNTY SCHOOL DISTRICT, WHICH IS PROVIDING THE...
SMART NORTH'S BIG ACCOMPLISHMENTS IN 2024 WERE THREEFOLD:1. OPENING A NEW TECH HUB IN GRAND RAPIDS, MN IN PARTNERSHIP WITH THE COMMUNITY ED OF ITASCA COUNTY SCHOOL DISTRICT, WHICH IS PROVIDING THE CRITICALLY NEEDED 21ST CENTURY TECHNOLOGY SKILLS TRAINING AND CAREER PATHWAYS FOR YOUTH AND ADULTS IN THE AREA.WE HAD TO BUILD A TEAM TO OPERATE THE TECH HUB LOCALLY AS WELL AS EXTEND OUR PROGRAMMING TO THIS NEW TECH HUB. 2. WITH HELP OF A DEED'S TWO YEAR TARGETED POPULATION/ TRANSFORMATIONAL CAREERS GRANT WE WERE ABLE TO LAUNCH OUR INDUSTRY RECOGNIZED CERTIFICATION TRAINING IN LEADING TECH AREAS FOR 18+ WOMEN ACROSS ALL OUR THREE LOCATIONS. THIS OPENED AND ADVANCED OUR MISSION TO INCLUDE ADULTS IN THE AREAS WE SERVE. 3. WE ALSO LAUNCHED OUR INDUSTRY RECOGNIZED CERTIFICATION TRAINING IN LEADING TECH AREAS FOR 16-24 OLD YOUTH CALLED NEXT GEN, ACROSS OUR THREE LOCATIONS.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $807,852 | $399,856 | +1.0% |
| Expenses | $817,723 | $512,606 | +0.6% |
| Net Income | $-9,871 | $-112,750 | -0.9% |
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 |
|---|---|---|---|---|---|---|
| SABINA SAKSENA | CHAIR | 2.00 |
Officer
Director
|
$34,375 | $0 | $34,375 |
| TAYO DANIEL | DIRECTOR | 2.00 |
Director
|
$37,500 | $0 | $37,500 |
| TOM FISHER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| KIMBERLEY BURKE | DIRECTOR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAIME WASCALUS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| RAJNI SHAH | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| AMANDA REED | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL WESSELS | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARTHA ENGEL | SECRETARY | 2.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2024 | $807,852 | $817,723 | $235,648 | $-9,871 |
| 2023 | $399,856 | $489,290 | $200,604 | $-89,434 |
| 2023 | $500,814 | $634,676 | $173,373 | $-133,862 |
| 2023 | $399,856 | $512,606 | $200,604 | $-112,750 |
| 2023 | $399,856 | $512,606 | $200,604 | $-112,750 |
| 2022 | $465,985 | $198,156 | $275,600 | $267,829 |
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