Exodus Financial Services

Nonprofit profile at a glance

EIN
471706853
IRS 990 coverage
2018–2025
Forms available
Form 990 2025, Form 990-N 2016
Location
Saint Paul, MN, USA
Phone
6156150067
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$870,867
Expenses
$1,255,938
Assets
$4,487,879
Liabilities
$226,267

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • VIENNA WILSON (PRESIDENT)
  • KIMBERLY MILLER (VICE PRESIDENT)
  • ANNE LELAND CLARK (EXECUTIVE DIRECTOR)

Highest reported compensation

  • ANNE LELAND CLARK (EXECUTIVE DIRECTOR): $127,789 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Exodus lending works with financially excluded minnesotans to advance economic justice through consumer lending, community organizing, and advocacy.

What it reported doing in 2025

Our refinancing loan program has been paying off high-cost debt for minnesotans since 2015. In 2025, we paid off 138 loans with an average apr of 260% for 98 minnesotans! Our repayment plans are always interest-free, and, by our estimates, we have saved more than $500k for minnesotan communities this year alone. Alongside our flagship predatory debt refinancing program, exodus lending collaborates with non-profits throughout Minnesota to provide 0% interest personal loans of up to $1,200 to qualified individuals engaged in these partnering organizations' existing programming. We call these our resiliency loans because they are intentionally designed to provide individuals meaningful access to affordable credit - and ultimately stop people from turning to high-cost loans in the first place. In 2025, we made 119 resiliency loans, distributing over $143,000 in interest-free loans to minnesotans. By offering loans exclusively through trusted partners, we deepen our collective impact by creating a collaborative model of consumer lending that meets people where they are and supports them every step of the way.one of our goals for the year was to have more frequent, but smaller events to build community and solicit more input from Minnesota consumers around our advocacy and systems change work. In 2025, we hosted four in-person listening sessions across the state with various partners to bring consumers together to learn more about their opinions and experiences with payday loan apps or earned wage access (ewa) apps to inform our advocacy agenda for 2026.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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.

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: 80
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 33
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 68.9%; rating input score 69
  • Fundraising efficiency: $4 raised per $1 spent on fundraising; rating input score 12; 12th 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: 100%; rating input score 100; 64th 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: -44.2%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 3.57; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 43; 43rd percentile among comparable filings
  • Officer compensation ratio: 10.2%; rating input score 37; 37th percentile among comparable filings

Growth

  • Program expense growth: 24.3% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: 31.8% per year; rating input score 100; 91st percentile among comparable filings
  • Asset growth: 39.3% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 68.9% of spending went to programs
  • Governance: 11 of 11 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $865K in reported program spending
  • Leadership: top reported pay $128K · 14 people listed
  • Consistency: 32 of 32 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 8 filing years from 2018 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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 12/100.
  • High — Sustainability: Operating margin scored 2/100.
  • Moderate — Sustainability: Officer compensation ratio scored 37/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 43/100.