BEMIDJI, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION, founded in 2023, is a small nonprofit in the Community Improvement sector that reported $312K in total revenue in fiscal year 2024. Revenue surged 3288% from the prior year, signaling strong growth momentum. The organization ran a surplus of $210K, a strong 67% operating margin.
NMCIC'S MISSION IS TO PROVIDE CAPITAL FOR COMMUNITY REVITALIZATION.THE NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION WAS FORMED TO EXPAND NORTHWEST MINNESOTA FOUNDATION'S MISSION IN BUILDING BETTER LIVES FOR EVERYONE IN THE NORTHWEST MINNESOTA REGION. THE NMCIC ALLOWS FOR FINANCING AND EXPERTISE TO BETTER SERVE THE COMMUNITIES AND INDIVIDUALS WHO HAVE BEEN HISTORICALLY UNDERSERVED. THE NMCIC SUPPORTS A MORE PURPOSEFUL APPROACH IN THE COMMUNITIES AND POPULATIONS THAT HAVE HAD DIFFICULT TIME ACCESSING FUNDING AND CONTINUE SUPPORTING COMMUNITY REVITALIZATION. SINCE 1996, THE NORTHWEST MINNESOTA FOUNDATION HAS BEEN A CERTIFIED CDFI, A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, THROUGH THE U.S. DEPARTMENT OF THE TREASURY. THE PROGRAM PROVIDES FINANCING INTENDED TO SUPPORT COMMUNITY REVITALIZATION. THE CREATION OF THE NMCIC ALLOWS THE ORGANIZATION TO CONTINUE OUR WORK AS A CDFI WITH A DIFFERENT APPROACH.
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 | $311,726 | $9,202 | +32.9% |
| Expenses | $101,958 | $83,884 | +0.2% |
| Net Income | $209,768 | $-74,682 | -3.8% |
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 |
|---|---|---|---|---|---|---|
| JASON CARLSON | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRUCE REEVES | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CONNIE LINDSTROM | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHERI GUNVALSON | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TODD BECKEL | DIRECTOR (THRU JULY 24') | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ALISHA EVERWIND | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KAITLYN GRENIER | DIRECTOR (THRU JULY 24') | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTINE IMBRA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JILL JOHNSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MIKE LAROQUE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KYLE LARSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHELLE PAQUIN | DIRECTOR (THRU JULY 24') | 1.00 |
Director
|
$0 | $0 | $0 |
| JACK SWANSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KRISTI THORFINNSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DEB ZAK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KAREN WHITE | PRESIDENT | 1.00 |
Officer
|
$0 | $9,785 | $205,483 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $311,726 | $101,958 | $800,677 | $209,768 |
| 2024 | $9,202 | $83,884 | $505,491 | $-74,682 |
Compare NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION with other nonprofits in Minnesota and across the country.