RUTH'S HOUSE OF HOPE

EIN: 870709671 501(c)(3) Housing & Shelter

FARIBAULT, MN

Total Revenue
$662,979
Total Expenses
$499,247
Total Assets
$738,475
Net Assets
$733,831
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
MN
Principal Officer
SUZZANNE FOX
Phone
5073322236
Tax Period
2024-01-01 to 2024-12-31

RUTH'S HOUSE OF HOPE, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $663K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $164K, a strong 25% operating margin.

Mission

TO HELP WOMEN AND CHILDREN IN RECOVERY FROM VIOLENCE, OPPRESSION AND HOMELESSNESS IN RICE COUNTY. TO PROVIDE AFFORDABLE HOUSING IN A SAFE, SUPPORTIVE AND HEALING ENVIRONMENT AS A TRANSITION INTO A NEW BEGINNING.

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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 $494,277
Program Service Revenue $31,074
Investment Income $18,899
Other Revenue $118,729
TOTAL REVENUE $662,979

Expense Breakdown

Grants Paid $0
Salaries & Benefits $342,242
Fundraising Expenses $1,532
Program Expenses $486,866
Other Expenses $157,005
TOTAL EXPENSES $499,247

Year-over-Year Comparison

2024 2023 Change
Revenue $662,979 $508,050 +0.3%
Expenses $499,247 $494,348 +0.0%
Net Income $163,732 $13,702 +10.9%
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
11
Independent Members
11
Employees
23
Volunteers
67

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
5
$0
Total Directors
6
$61,122
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUZZANNE FOX DIRECTOR 40.00
Director
$61,122 $0 $61,122
HAN FUCHS-ALDRICH BOARD 2.00
Director
$0 $0 $0
CHERYL KLEEBERGER BOARD 2.00
Director
$0 $0 $0
MEGAN PUTRAH VONRUDEN BOARD 2.00
Director
$0 $0 $0
NATHAN WHITE BOARD 2.00
Director
$0 $0 $0
CINDY YERINGTON BOARD 2.00
Director
$0 $0 $0
CHUCK BUDDE SECRETARY 2.00
Officer
$0 $0 $0
JOYCE ELSEN BOARD CHAIR 2.00
Officer
$0 $0 $0
SANDRA GERDES TREASURER 2.00
Officer
$0 $0 $0
JEFF JANDRO BOARD 2.00
Officer
$0 $0 $0
BONNIE WICKSTROM VICE CHAIR 2.00
Officer
$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 $662,979 $499,247 $738,475 $163,732
2023 $508,050 $494,348 $482,815 $13,702
2022 $420,941 $462,789 $469,870 $-41,848
2021 $491,855 $444,201 $510,389 $47,654
2020 $534,817 $526,006 $522,814 $8,811
2019 $552,213 $505,274 $457,629 $46,939
2018 $546,892 $446,489 $409,066 $100,403
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