True Friends Foundation
Annandale, Minnesota
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Above Average
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $766,838↓25% | $780,485↑20% | $23,588,333↑5% | |
| 2022 | $1,020,726 | $652,119 | $22,566,360↓18% | — |
| 2021 | $1,022,490↑24% | $655,359↓71% | $27,593,438↑11% | — |
| 2020 | $825,527↓94% | $2,235,595↑209% | $24,757,150↑1% | — |
| 2019 | $14,743,543↑1719% | $722,905↓14% | $24,494,596↑163% | — |
| 2018 | $810,388↓2% | $835,758↓14% | $9,305,882↓9% | — |
| 2017 | $831,150↑59% | $970,987↓28% | $10,267,106↑5% | — |
| 2016 | $523,137↓75% | $1,340,893↓12% | $9,764,132↓4% | — |
| 2015 | $2,082,274↑321% | $1,527,108↑37% | $10,167,150↓8% | — |
| 2014 | $494,777↓30% | $1,118,244↑43% | $11,020,268↑16% | — |
| 2013 | $709,576↓91% | $783,258↑433% | $9,494,781↑4% | — |
| 2012 | $7,693,489↑4344% | $147,005↓19% | $9,171,584↑508% | — |
| 2011 | $173,116 | $182,263 | $1,509,469 | — |
Frequently Asked Questions
What does True Friends Foundation do?▼
True Friends Foundation is a recreation & sports nonprofit organization based in Minnesota. It is classified under NTEE code N20I and is registered as a 501(c) tax-exempt organization with the IRS.
Is True Friends Foundation financially healthy?▼
Based on our 9-metric Financial Health Score model, True Friends Foundation has a score of 64/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does True Friends Foundation generate?▼
True Friends Foundation reports $1.6M in annual revenue and holds $27.1M in total assets, based on IRS filings.
Similar Organizations
Explore more organizations in the Recreation & Sports category, or browse all nonprofits in Minnesota.