Tradition Community Assistance

Nonprofit profile at a glance

EIN
932100655
IRS 990-EZ coverage
2024–2025
Forms available
Form 990-EZ 2025, Form 990-N 2023
Location
Edina, MN, USA
Phone
9522524702
Rating
45
Verdict
MIXED
Rating confidence
Moderate
Sector
Financial Institutions

Reported finances

Revenue
$9,404
Expenses
$5,556
Assets
$4,307
Liabilities
$75

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

Leadership & pay

3 people listed

Executive titles in this filing

  • ERIK HENDRIKSON (PRESIDENT)

People named in this filing

  • ERIK HENDRIKSON (PRESIDENT)
  • DAN SMITH (SECRETARY)
  • JASON DARIO (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

Tradition community assistance supports affordable homeownership for low- to moderate-income minnesotans by providing down payment and closing cost assistance.

What it reported doing in 2025

In 2025 tradition community assistance helped 68 minnesotans achieve their homeownership goals across 53 closed transactions encompassing $961,574 in low cost downpayment and closing cost assistance funds. These 53 transactions included transactions in and outside the 7-county twin cities metro area. All of the downpayment assistance funds provided by tradition community assistance were to borrowers who qualify as low-to-moderate income borrowers or for properties located in low-to-moderate income areas. The 53 transactions and over $960,000 in assistance both represent over 30% growth in 2025 over 2024 showing tradition community assistance's continued commitment to help minnesotans bridge the downpayment challenge to achieve their homeownership goals through affordable and sustainable means.

Operating model

Revenue model
Donor-supported. 64% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 100
  • Sustainability: 62
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 40.9%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 0.78; rating input score 41; 41st percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 23; 23rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 113.8% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: -130.2% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • 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: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
  • High — Sustainability: Liabilities to assets ratio scored 23/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.