FORWARD NEW PRAGUE FOUNDATION

EIN: 921785025 501(c)(3) Community Improvement

NEW PRAGUE, MN

Total Revenue
$368,879
Total Expenses
$10,078
Total Assets
$594,741
Net Assets
$594,741
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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
2023
Legal Domicile
MN
Principal Officer
DEN GARDNER
Phone
6123253981
Tax Period
2024-01-01 to 2024-12-31

FORWARD NEW PRAGUE FOUNDATION, founded in 2023, is a small nonprofit in the Community Improvement sector that reported $369K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $359K, a strong 97% operating margin.

Mission

IDENTIFY, ENCOURAGE, INVESTIGATE & DEVELOP INFRASTRUCTURE PROJECTS IN NEW PRAGUE, MN

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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 $363,574
Program Service Revenue $0
Investment Income $8,180
Other Revenue $-2,875
TOTAL REVENUE $368,879

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $9,500
Other Expenses $10,078
TOTAL EXPENSES $10,078

Year-over-Year Comparison

2024 2023 Change
Revenue $368,879 $260,595 +0.4%
Expenses $10,078 $24,655 -0.6%
Net Income $358,801 $235,940 +0.5%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
15

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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEN GARDNER CHAIR 1.00
Officer Director
$0 $0 $0
BRUCE WOLF TREASURER/FINANCIAL OFFICER 1.00
Officer Director
$0 $0 $0
ELIZABETH NEIDERHEISER DIRECTOR 1.00
Director
$0 $0 $0
LARRY PINT DIRECTOR 1.00
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 $368,879 $10,078 $594,741 $358,801
2023 $260,595 $24,655 $235,940 $235,940
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