Erik's Ranch Inc

Nonprofit profile at a glance

EIN
260456090
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Edina, MN, USA
Phone
6123967829
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Residential Care & Adult Day Programs

Official website

Reported finances

Revenue
$1,401,329
Expenses
$1,616,349
Assets
$4,842,181
Liabilities
$1,148,001

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • KATHRYN NORDBERG (CEO)

Highest reported compensation

  • KATHRYN NORDBERG (CEO): $69,150 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Erik's ranch, inc. Provides safe and unequaled living, working, social and recreational environments for young adults with autism, using its guiding principles of lifelong learning, individual community building and bidirectional integration through voluntourism. We're committed to giving these individuals a rewarding life on their own terms, experiencing dignity, compassion and the joy of continuing possibility. At erik's ranch, inc. People from all over the world, and sometimes right next-door, stay in our one-of-a-kind guest accommodations for business and personal travel. It is our goal to provide our guests with top-notch customer service, exceptional accommodations, and the unique touches that are only available in a smaller setting. Our members proudly live and work on site-offering boutique style accommodations in edina, mn, and ranch accommodations in livingston, mt.

What it reported doing in 2024

Erik's ranch is a membership program that provides living, working, social, and recreational environments for adults with autism spectrum disorders in Minnesota and Montana. Our mission is to provide our members with a rewarding life on their own terms, experiencing dignity, compassion, and the joy of continuing possibility. Our mission is only possible and fully realized because of the guests who stay and tour with us at both our guest ranch in Montana and boutique-style hotel accommodations in Minnesota. Our guests provide positive social interactions and meaningful employment opportunities for our members, such as tour guides, concierge staff, historians, bakers and much more. The overnight donations from guests staying with us allow us to financially sustain our mission and pay wages to our members and team of life plan coaches who support them. As indicated, our members are directly responsible for generating guest donations by leading and assisting with a variety of tours. These tours, available to our guests and the public, include horseback riding, a wildlife excursion, hiking tours, cocktail tours, segway tours, limo tours, and more. Providing meaningful employment opportunities for young adults on the autism spectrum is the core of our mission, and the income generated by these tours is vital to our sustainability.

Operating model

Revenue model
Earned-program. 85% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 92
  • Accountability: 81
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.7%; rating input score 96
  • Program expense ratio: 84.1%; rating input score 84
  • Fundraising efficiency: $6.99 raised per $1 spent on fundraising; rating input score 27; 27th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 14th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -15.3%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 3; rating input score 75; 75th percentile among comparable filings
  • Liabilities to assets ratio: 0.24; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 4.3%; rating input score 55; 55th percentile among comparable filings

Growth

  • Program expense growth: 10.2% per year; rating input score 100; 63rd percentile among comparable filings
  • Revenue growth: 4.7% per year; rating input score 100; 42nd percentile among comparable filings
  • Asset growth: 6.7% per year; rating input score 100; 46th percentile among comparable filings

Details

  • Where the money goes: 95.7% of revenue deployed · 84.1% of spending went to programs
  • Governance: 2 of 3 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.4M in reported program spending
  • Leadership: top reported pay $69K · 3 people listed
  • Consistency: 34 of 34 current checks pass
  • Schedules: 8 filed schedules · includes major donors
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 27/100.
  • High — Sustainability: Operating margin scored 12/100.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.
  • Review — Sustainability: Officer compensation ratio scored 55/100.