FIRST CHILDREN'S FINANCE GROUP

EIN: 993692335 501(c)(3) Human Services

MINNEAPOLIS, MN

Total Revenue
$6,192,975
Total Expenses
$5,948,962
Total Assets
$7,176,722
Net Assets
$5,747,011
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2024
Legal Domicile
MN
Principal Officer
HEIDI HAGEL-BRAID
Phone
6123383023
Tax Period
2024-07-01 to 2025-06-30

FIRST CHILDREN'S FINANCE GROUP, founded in 2024, is a community nonprofit in the Human Services sector that reported $6.2M in total revenue in fiscal year 2024. Expenses of $5.9M left a modest 4% surplus.

Mission

FIRST CHILDREN'S FINANCE (FCF) GROWS THE SUPPLY AND SUSTAINABILITY OF HIGH-QUALITY CHILD CARE BY STRENGTHENING THE BUSINESS AND FINANCIAL FOUNDATIONS OF THE SECTOR. FOUNDED IN 1991, FCF IS A NATIONAL NONPROFIT HEADQUARTERED IN MINNEAPOLIS, MINNESOTA, WITH STATE OFFICES IN MICHIGAN, MINNESOTA, IOWA, OREGON, AND VERMONT. FCF PROVIDES FINANCING, BUSINESS TRAINING, AND CONSULTING TO CHILD CARE ENTREPRENEURS, WHILE PARTNERING WITH PUBLIC, PRIVATE, AND TRIBAL STAKEHOLDERS TO ADVANCE POLICIES AND FUNDING STRATEGIES THAT CREATE SUSTAINABLE CHILD CARE SYSTEMS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,958,297
Program Service Revenue $215,387
Investment Income $15,106
Other Revenue $4,185
TOTAL REVENUE $6,192,975

Expense Breakdown

Grants Paid $2,105,762
Salaries & Benefits $2,839,142
Fundraising Expenses $147,718
Program Expenses $5,111,017
Other Expenses $1,004,058
TOTAL EXPENSES $5,948,962

Year-over-Year Comparison

2024 2023 Change
Revenue $6,192,975 N/A N/A
Expenses $5,948,962 N/A N/A
Net Income $244,013 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
18

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
9
$987,104
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUZANNE HUMBERT CHAIR 0.19
Officer Director
$0 $0 $0
PATRICK SKILES TREASURER 0.19
Officer Director
$0 $0 $0
ELIZABETH DAVIS SECRETARY 0.19
Officer Director
$0 $0 $0
WALTER GILLIAM DIRECTOR 0.25
Director
$0 $0 $0
ROGER NEUGEBAUER DIRECTOR 0.25
Director
$0 $0 $0
NICOLE BARCLIFF DIRECTOR 0.25
Director
$0 $0 $0
KELLY ELKIN DIRECTOR 0.25
Director
$0 $0 $0
DAVID ARENS DIRECTOR 0.25
Director
$0 $0 $0
MELANIE BRIZZI DIRECTOR 0.25
Director
$0 $0 $0
DAFINA WILLIAMS DIRECTOR 0.19
Director
$0 $0 $0
ALICIA BUTLER PIERRE FORMER DIRECTOR 0.25
Director
$0 $0 $0
EDITH JOHNSON FORMER DIRECTOR 0.25
Director
$0 $0 $0
MARIA MEDINA FORMER DIRECTOR 0.25
Director
$0 $0 $0
GERALD CUTTS PRESIDENT & CEO (FORMER) 0.00
Officer
$0 $0 $288,495
HEIDI HAGEL-BRAID PRESIDENT & CEO 7.50
Officer
$0 $12,641 $207,862
BEN NICHOLIE COO 7.50
Officer
$0 $16,353 $206,432
MICHAEL-JOHN MYETTE CHIEF STATES OFFICER 10.00
Officer
$0 $8,307 $65,650
CHEYENNE MCGREGOR CHIEF ADVANCEMENT OFFICER 7.50
Officer
$0 $0 $153,838
STACIE REINER CFO 7.50
Officer
$0 $8,069 $64,827
SUZANNE PEARL MINNESOTA DIRECTOR 10.00
Highest
$0 $7,580 $159,773
HEIDI SCHLUETER PROGRAM DIRECTOR 10.00
Highest
$0 $5,384 $151,958
ANNE MCSWEENEY DIRECTOR OF NATIONAL INIATIVES 10.00
Highest
$0 $2,712 $123,503
JESSICA BEYER ASSOCIATE DIRECTOR - MN 10.00
Highest
$0 $12,998 $117,613
MARK A DICKERSON MARKETING & COMMUNICATIONS DIRECTOR 7.50
Highest
$0 $6,012 $106,167
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 $6,192,975 $5,948,962 $7,176,722 $244,013
Explore More Nonprofits
Top 100 Nonprofits in Minnesota Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare FIRST CHILDREN'S FINANCE GROUP with other nonprofits in Minnesota and across the country.