TRI COUNTY ACTION PROGRAM INC

WAITE PARK, MN, 56387-0683 (320) 251-1612 Est. 1965 EIN 41-6049739
P200— Human Services Form 990 501(c)(3)
www.tricap.org

Mission

THE INTENT OF THE AGENCY'S MISSION IS TO ENHANCE AND EXPAND OPPORTUNITIES FOR THE ECONOMIC AND SOCIAL WELL-BEING OF LOW- AND MODERATE-INCOME HOUSEHOLDS AND, IN SOME CASES, THE GENERAL PUBLIC. RESOURCES TO PROVIDE SERVICES ARE FUNDED THROUGH FEDERAL, STATE, AND COUNTY GRANTS, FEE FOR SERVICES, THIRD-PARTY REIMBURSEMENT, AND DONATION. TRI-CAP STRIVES TO MEET THE NEEDS OF THE COMMUNITY BY ACTIVELY PARTICIPATING IN COLLABORATIVE EFFORTS WITH ENTITIES THROUGHOUT THE SOCIAL SERVICE SYSTEM. THE AGENCY UTILIZES THE COMMUNITY NEEDS ASSESSMENT COMPLETED IN 2023. THE NEEDS ASSESSMENT ASSISTS THE AGENCY TO IDENTIFY SYSTEMS AND OPPORTUNITIES FOR IMPROVEMENTS FOR THE AGENCY. IN AN INITIATIVE TO INCREASE AGENCY DIVERSITY, EQUITY, AND INCLUSION, TRI-CAP PARTNERED WITH STRATEGIC DIVERSITY INITIATIVES (SDI). IN JULY 2023, SDI LAUNCHED A COMPREHENSIVE DEI ASSESSMENT, COMPRISED OF A CONFIDENTIAL AND ANONYMOUS STAFF SURVEY, AND FOCUS GROUPS TO FIND KEY AREAS OF STRENGTH, OPPORTUNITIES, AND RECOMMENDAT

Financials

Total Revenue
$11,560,907
Total Expenses
$10,904,703
Net Assets
$6,314,342
112 employees 90 volunteers
From latest filing (tax period ending 2024-09-30)

Financial Health

Operating Reserve
6.9 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 16.1%
Expenses ↑ 7.8%
Revenue Sources
Contributions 85.4% Earned revenue 13.9% Investment 0.6%
Expense Breakdown
Program 84.7% Management 15.3%

Officers & Key Employees (15)

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Grants Received (17)

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Filing History (6 filings)

YearRevenueExpensesNet Assets
2023 Form 990
Oct 1, 2023 to Sep 30, 2024
$11,560,907 $10,904,703$6,314,342
2022 Form 990
Oct 1, 2022 to Sep 30, 2023
$9,960,995 $10,111,724$5,658,138
2021 Form 990
Oct 1, 2021 to Sep 30, 2022
$9,188,205 $9,477,208$5,808,867
2020 Form 990
Oct 1, 2020 to Sep 30, 2021
$10,196,826 $8,591,852$6,097,870
2019 Form 990
Oct 1, 2019 to Sep 30, 2020
$8,222,813 $6,864,299$4,492,896
2017 Form 990
Oct 1, 2017 to Sep 30, 2018
$7,603,811 $7,221,273$3,012,463

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EIN: 41-6049739 · Source: IRS Form 990 e-file data