True Friends
Annandale, Minnesota
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Excellent
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $13,251,463↑100% | $8,065,304↑17% | $21,921,284↑33% | |
| 2022 | $6,634,209↑2% | $6,904,860↑28% | $16,448,566↓5% | — |
| 2021 | $6,519,865↑22% | $5,386,380↑14% | $17,252,878↑2% | — |
| 2020 | $5,336,118↓42% | $4,723,556↓44% | $16,949,001↑3% | — |
| 2019 | $9,153,368↓15% | $8,427,824↓2% | $16,472,551↑3% | — |
| 2018 | $10,715,387↑21% | $8,591,969↓3% | $16,054,310↑14% | — |
| 2017 | $8,853,087↓5% | $8,849,868↑5% | $14,034,840↑2% | — |
| 2016 | $9,333,602↑3% | $8,465,154↑3% | $13,790,684↓1% | — |
| 2015 | $9,033,909↑18% | $8,184,084↑3% | $13,945,896 | — |
| 2014 | $7,664,145↓1% | $7,947,894↑2% | $13,925,689↑5% | — |
| 2013 | $7,766,012↓29% | $7,785,586↑66% | $13,233,982↑4% | — |
| 2012 | $10,867,854↑141% | $4,694,778↑9% | $12,777,042↑91% | — |
| 2011 | $4,518,620 | $4,308,992 | $6,679,816 | — |
Frequently Asked Questions
What does True Friends do?▼
True Friends is a recreation & sports nonprofit organization based in Minnesota. It is classified under NTEE code N20Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is True Friends financially healthy?▼
Based on our 9-metric Financial Health Score model, True Friends has a score of 95/100 (Grade: A). 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 generate?▼
True Friends reports $10.1M in annual revenue and holds $24.3M in total assets, based on IRS filings.
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