FRIENDS OF NORTHWEST PASSAGE HIGH SCHOOL

EIN: 932522413 501(c)(3) Education

COON RAPIDS, MN

Total Revenue
$3,902,593
Total Expenses
$487,469
Total Assets
$3,761,805
Net Assets
$3,408,336
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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
PETER WIECZOREK
Phone
7638629223
Tax Period
2024-07-01 to 2025-06-30

FRIENDS OF NORTHWEST PASSAGE HIGH SCHOOL, founded in 2023, is a community nonprofit in the Education sector that reported $3.9M in total revenue in fiscal year 2024. The organization ran a surplus of $3.4M, a strong 88% operating margin.

Mission

TO SUPPORT THE ACTIVITIES OF NORTHWEST PASSAGE HIGH SCHOOL.

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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 $3,738,560
Program Service Revenue $0
Investment Income $75
Other Revenue $163,958
TOTAL REVENUE $3,902,593

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $279,759
Other Expenses $487,469
TOTAL EXPENSES $487,469

Year-over-Year Comparison

2024 2023 Change
Revenue $3,902,593 N/A N/A
Expenses $487,469 $6,788 +70.8%
Net Income $3,415,124 $-6,788 -504.1%
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
3
Independent Members
2
Employees
N/A
Volunteers
2

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
4
$192,452
Total Directors
3
$79,447
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON OLSON CHAIR/TEACHER 1.00
Officer Director
$0 $5,597 $79,447
MIKE LUGER TREASURER 1.00
Officer Director
$0 $0 $0
BRAD BUXTON SECRETARY 1.00
Officer Director
$0 $0 $0
PETER WIECZOREK SCHOOL DIRECTOR 5.00
Officer
$0 $8,203 $113,005
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
2025 $3,902,593 $487,469 $3,761,805 $3,415,124
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