INITIATIVE FOUNDATION IMPACT FUND

EIN: 933064878 501(c)(3) Community Improvement

LITTLE FALLS, MN

Total Revenue
$798
Total Expenses
$33,156
Total Assets
$465,348
Net Assets
$462,642
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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
MICHELE MILLER
Phone
3206312050
Tax Period
2023-01-01 to 2023-12-31

INITIATIVE FOUNDATION IMPACT FUND, founded in 2023, is a micro nonprofit in the Community Improvement sector that reported $798 in total revenue in fiscal year 2023. Expenses of $33K exceeded revenue, resulting in a 4055% operating deficit.

Mission

TO EMPOWER PEOPLE TO BUILD THRIVING COMMUNITIES AND A VIBRANT REGION ACROSS CENTRAL MINNESOTA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $798
Investment Income $0
Other Revenue $0
TOTAL REVENUE $798

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $33,156
Other Expenses $33,156
TOTAL EXPENSES $33,156

Year-over-Year Comparison

2023 2022 Change
Revenue $798 N/A N/A
Expenses $33,156 N/A N/A
Net Income $-32,358 N/A N/A
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
3
$132,582
Total Directors
3
$132,582
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN VOERDING INITIATIVE FOUNDATION PRESIDENT 2.00
Officer Director
$0 $0 $132,582
BRETT ANDERSON TRUSTEE/BOARD CHAIR 2.00
Officer Director
$0 $0 $0
DAVID MONROY TRUSTEE/VICE-CHAIR 2.00
Officer 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 No data No data No data No data
2023 $798 $33,156 $465,348 $-32,358
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