THE MINNESOTA FASTBREAK FOUNDATION (EIN 880602303) - Form 990 Financial Analysis & Trantor Score

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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

2022

Legal Domicile

Principal Officer

JENNIFER RIDGEWAY

Phone

6126731208

Tax Period

2023-10-01 to 2024-09-30

THE MINNESOTA FASTBREAK FOUNDATION, founded in 2022, is a small nonprofit in the Human Services sector that reported $519K in total revenue in fiscal year 2023. Revenue surged 103773% from the prior year, signaling strong growth momentum. The organization ran a surplus of $367K, a strong 71% operating margin.

Mission

TO ELEVATE LIVES IN THE COMMUNITIES WHERE WE LIVE, WORK AND PLAY.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $223,532

Program Service Revenue $0

Investment Income $8,417

Other Revenue $287,416

TOTAL REVENUE $519,365

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $135,650

Other Expenses $152,621

TOTAL EXPENSES $152,621

Year-over-Year Comparison

	2023	2022	Change
Revenue	$519,365	$500	+1037.7%
Expenses	$152,621	N/A	N/A
Net Income	$366,744	$500	+732.5%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER RIDGEWAY	EXECUTIVE DIRECTOR	2.50	Officer	$0	$0	$0
PETE STENE	TREASURER	0.50	Officer	$0	$0	$0
SUZANNE M SPELLACY	SECRETARY	0.50	Officer	$0	$0	$0
GLEN A TAYLOR	BOARD MEMBER	0.25	Director	$0	$0	$0
ETHAN CASSON	BOARD MEMBER	0.25	Director	$0	$0	$0
BRETT CARTER	BOARD MEMBER	0.25	Director	$0	$0	$0
KATE QUINN	BOARD MEMBER	0.25	Director	$0	$0	$0
CHANDA SMITH BAKER	BOARD MEMBER	0.25	Director	$0	$0	$0
GAVIN KAYSEN	BOARD MEMBER	0.25	Director	$0	$0	$0
REBEKKAH BRUNSON	BOARD MEMBER	0.25	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	$519,365	$152,621	$367,244	$366,744

THE MINNESOTA FASTBREAK FOUNDATION