TFP Holding Co

Nonprofit profile at a glance

EIN
843837504
IRS 990 coverage
2023–2025
Forms available
Form 990 2025
Location
Minneapolis, MN, USA
Phone
6127282057
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing Support

Reported finances

Revenue
$517,443
Expenses
$710,089
Assets
$19,472,991
Liabilities
$10,560,774

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

Leadership & pay

6 people listed

Executive titles in this filing

  • Emily Larson (President and CEO)
  • Kathryn Briem (Former Interim President and CEO)

Highest reported compensation

  • Robert Pickering (CFO): $128,243 total reported compensation
  • Emily Larson (President and CEO): $87,887 total reported compensation
  • Kathryn Briem (Former Interim President and CEO): $33,840 total reported compensation

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

Overview

Mission

The TFP Holding Co. is organized to provide office and program space for The Family Partnership nonprofit organization.

What it reported doing in 2025

Provide office and building space to support the function and carrying out the mission of The Family Partnership, a Minnesota nonprofit corporation.

Operating model

Revenue model
Earned-program. 100% 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.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 90
  • Accountability: 82
  • Sustainability: 37
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.8%; rating input score 100
  • Program expense ratio: 72.7%; rating input score 73
  • Fundraising efficiency: Limited

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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -37.2%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 27.42; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.54; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 5.2%; rating input score 50; 50th percentile among comparable filings

Growth

  • Program expense growth: -12.6% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -9.8% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: -23.3% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 99.8% of revenue deployed · 72.7% of spending went to programs
  • Governance: 3 of 3 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $516K in reported program spending
  • Leadership: top reported pay $128K · 6 people listed
  • Consistency: 15 of 15 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 3 filing years from 2023 to 2025
  • Contacts: How to reach this organization
  • 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.

  • Review — Accountability: Governance controls: 4 of 9 not reported.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.
  • Review — Sustainability: Officer compensation ratio scored 50/100.