HOSANNA FISCAL YEAR 2024

ANNUAL REPORT

Hosanna Family and Friends,

When I look back on this past year, I see a truly extraordinary group of people who are enthusiastic about multiplying the presence of Jesus where they live, work, study, and play. I see people who are looking more and more like Jesus in a world that needs his love, compassion, unity, and peace more than ever. And that is Good News!

This annual report is about looking back and celebrating all the ways that God has been moving and proved faithful over this past year. It’s good to stop and celebrate God’s goodness every once in a while! You are going to read about many of these highlights in the pages that follow. Take some time to celebrate!

This church has never been more focused on our mission to look more like Jesus–reaching people who are looking for more than life or Christianity has offered them so far. I believe we are uniquely positioned to do so. And I am inspired and proud of the work that God is doing through you, Hosanna. Your faith is irresistible.

I love this church—and I love being your pastor!

Peace,
P Ryan

Lakeville Campus Update

CAMPUS HIGHLIGHT
The past several years have been difficult for many people for various reasons. Those circumstances have resulted in increased challenges surrounding mental health, marriage, addiction, grief, familial relationships, and more. Thankfully, Hosanna Lakeville is where people can come to the Lord and His people for care with those challenges.

For example, our Lakeville Divorce Care group has grown significantly due to its positive reputation. At Divorce Care, individuals feel heard, receive care, and have opportunities to support others through a challenging season of life. Many of these individuals come with a deep sense of loneliness but experience a strong sense of community as they heal together through faith and practical next steps. Many of the leaders in this ministry were once participants, so it’s amazing to see God use our challenges to bless others (Rom. 8:28).
CAMPUS GOOD NEWS STORY
During one of our immersion baptism celebrations, an individual shared how the good news of Jesus transformed his life. Despite growing up around the church, he still had an underlying sense of incompleteness. So, he decided to explore his faith more through conversations with his friends and spouse, taking the Alpha course at Hosanna, reading Scripture, praying, and more.

This gradual and intentional journey led him to find completeness in the gospel, the “good news” of Jesus. While he had known about Jesus growing up, now he felt a sense of truly knowing Him relationally.
As he continues to grow in faith with Hosanna as his church home, he’s intentionally sharing the good news of Jesus with others through every part of his
life.
LOOKING AHEAD
Two areas that we’re excited about for the 2024-2025 ministry year at the Lakeville Campus include: increased volunteer engagement and community impact. For volunteer engagement, we want to see 23% growth (going from 603 to 780) in volunteers actively serving regularly. Not only does serving as volunteers help our church to look more like Jesus (Matt. 20:26-28), but it also helps us to multiply His
hope and heartbeat by providing great experiences for those who engage with Hosanna ministries.

Through community impact, we’re excited to strengthen our relationships with local individuals and families (especially those who don’t know Jesus or have a church home), schools, first responders, other churches/ministries, and more.

These relational partnerships help us care for the community in tangible and spiritual ways that glorify God (Matt 5:16). As we provide more opportunities for our church to engage in these areas, we anticipate more people coming to know Jesus for the first time or at a deeper level (Rom. 10:14-15).

— Pastor Erik Poch, Lakeville Campus

Northfield Campus Update

CAMPUS HIGHLIGHT
We continue to welcome new families and see lives transformed as they encounter Jesus on our campus. We are poised for another year of growth on our campus; both in attendance and spiritually.

On Wednesdays, we’re filling every nook and cranny with kids and students and it’s still not enough space. In addition, last year we had a record number of baptisms, a strong indication that God is at work on our campus and in the lives of our people.
CAMPUS GOOD NEWS STORY
Emily’s Story:
Invited, Received, and Reached Others

In October of 2023, Emily received a simple yet life-changing invitation from her friend Anna to attend the Hosanna youth retreat. At the retreat, Emily powerfully encountered the love of Jesus and accepted Him as the Lord of her life—a relationship that would transform her life forever.

In the months following, Emily’s faith grew as she committed herself to the High School Ministry (HSM), and on March 17, 2024, she made the bold decision to be baptized. Emily stood in front of her friends, family, and our Northfield Campus to declare that Jesus is her Lord and Savior.

The love of Christ that had filled Emily’s heart was already beginning to shine through her to draw others to that same love and light. Her family came to support her on her baptism day, and it was at that moment that God’s work in her family began.

Emily’s brother, a senior at the time, witnessed the change in his sister’s life and expressed interest in attending HSM with Emily. What started with a changed life, soon became two. Together, Emily and her brother began their journey of growing in faith, attending HSM, and discovering what it means to walk with Jesus. But God wasn’t done yet.

As Emily and her brother’s lives were transformed, their faith spilled over into the rest of their family. Over this past summer, their family began attending church regularly. Emily’s mother was particularly touched by the changes she saw in her children and has since been pursuing a deeper relationship with Jesus. She joined the Northfield Women’s Community Group, and her faith journey is blossoming.

This is more than just a story of one teenager’s life being changed. It’s a testimony of how the love and light of Jesus, when shining through one person, can reach an entire family and the ripple effects of her faith will continue to spread.
LOOKING AHEAD
We are entertaining creative solutions to expand our space for kids ministry. We are fully committed to creating a unique and fun space for our kids that is safe, inviting, and conducive to learning about Jesus. This will be our first year offering mid-week for a full ministry year, fall, and spring. This investment will also expand the space available for the Student Ministry and Adult Ministry classes and groups. As you can see, we have a great problem to deal with—we’re filling up our space to minister to our community. Let’s keep packing them in and leading them to the Lord.

This past year, we made great strides with our local mission efforts to advance the Kingdom through our Community Impact Team. We are poised to build on our partnerships and ministry offerings with Rice County Social Services, the Northfield/ Faribault Community Action Center, Northfield and Faribault Schools, and through Ruth’s House, The Hope Center, Pregnancy Options, and the Northfield Women’s Center.

— Pastor Dean Swenson, Northfield Campus

Rosemount Campus Update

CAMPUS HIGHLIGHT
The Rosemount campus has experienced a year filled with both immense joy and deep grief. Amid Pastor Peder’s cancer journey, the campus demonstrated incredible love and care for the Eide family. Despite the challenges, the Lord continued to move within the Rosemount community, leading to growth in every ministry area, both numerically and spiritually.

We’ve seen rapid growth in our Adult Ministries groups and student Ministries, and an influx of new people joining our campus each week. Even as we navigate the grief and healing process after Peder’s passing, the church continues to live out the mission he dedicated his life to—helping others come to know Jesus, look more like Jesus, and multiply Jesus’ presence in their families, workplaces, and neighborhoods. A worthy way to honor an incredible
legacy!
GOOD NEWS STORY
Makenzie and her family moved to Minnesota in the spring of 2023, when her husband got a new job in Wanamingo. They fell in love with the Spirit Neighborhood as a great place to raise kids, especially since they had moved away from their family.

Last fall, MaKenzie was invited by a neighbor, Annie, to attend the Women’s Group on Monday nights. Her group members were so kind and never made her feel dumb for not knowing the answers to questions. As a young girl growing up, she went to church a few times with her grandma, but neither of her parents went to church. Her in-laws helped her get connected with faith through their church
back in Illinois. When she came to Hosanna, there was something different. The leadership of the church, the way her small group leader, Bridget, and the women in her group loved her so well...she had found a home.

In the winter of 2024, MaKenzie signed up for Alpha and learned so much. After the Holy Spirit retreat, she read “3 Days That Changed the World” in one night, followed by the New Testament. She is soaking it all up!

During the spring of 2024, her group grew closer as they continued meeting as part of the Women’s Group at Rosemount and even met through the summer. As their daughter has experienced some scary health issues, this group of women has been prayer warriors and encouragers all along the way! This fall, MaKenzie is again a part of our Women’s Group, and is getting baptized! She continues pursuing God’s voice and GOODNESS!
LOOKING AHEAD
It’s been amazing to see our kids and student ministries growing so quickly, and we’re looking forward to all the Lord will do in this next ministry year. It’s not just about reaching more kids and students but watching their whole families grow spiritually. We can’t wait to see how faith spreads throughout their homes, bringing everyone closer to Jesus.

We’re also excited about the opportunities we have to connect with the rapidly growing Rosemount community through our many outreach events such as the End Of Summer Celebration. This is a great chance to share the hope and heartbeat of Jesus. Our team is eager to help new families experience more than life or Christianity has offered so far!

— Pastor Mike Lindsay, Rosemount Campus

Shakopee Campus Update

CAMPUS HIGHLIGHT
Through our Campus Impact Team, we continue
building community partnerships that glorify God. In October, the Scott County Commissioners invited us to their board meeting to recognize Hosanna and HEART with a Certificate of Appreciation “For the contributions made to transform the lives of residents in Scott County”! Each Commissioner spoke from the heart about the ways they’ve observed Hosanna Shakopee and HEART serving and contributing to the community. The Commissioners said we are forerunners of Scott County’s new efforts to better partner with and transform communities for the well-being of ALL people!

In January, Hosanna and HEART received the
“Community Award” from the Shakopee Chamber of Commerce “in appreciation of your ongoing commitment and dedicated service to our organization and our community.”

In May, we received a certificate of appreciation
from Shakopee Public Schools for going “above and beyond” in our commitment to students, schools, and community.

God truly gets all the glory. He’s doing something
bigger than all of us. He’s uniquely positioned us
with resources and His heart so that we can be a
blessing to others!
CAMPUS GOOD NEWS STORY
We were part of a beautiful Good News story of reconciliation, redemption, and transformation for a dear family at our church. Ten years ago, Ellie, a mom addicted to meth, used the drug intravenously and fully expected to die from it one day. On his 14th birthday, her son, Joe, asked her to relinquish her
parental rights. He spent the next several years in and out of group homes and foster care. Ellie was arrested in 2016 for first-degree drug possession, and because she was already on probation for a previous drug charge, she was sentenced to three years in jail. Meanwhile, Joe also got into drugs. After suffering an injury at work, he got hooked on painkillers, and eventually, fentanyl became his drug of choice.

While Ellie was in jail, God touched her and saved her through a Switchfoot song on KTIS! She was baptized at Hosanna in 2019. That same year, Joe and Ellie were reunited. The next year, Ellie met Troy
through a Facebook sobriety group, and they got married in 2020.

Joe has since given his life to the Lord and has been clean and sober for six months. He lives with Troy and Ellie and is working hard at his landscape job. Every night, the family reads two chapters of the Bible together, and they lead a “Life Recovery” group at Hosanna Shakopee on Wednesday nights. They also volunteer as a family on our hospitality team.

I love how the Lord saves, heals, and sets us free, and then uses us and our story to help others (Isaiah
61:1-4)!

LOOKING AHEAD
As we head into this upcoming ministry year, we are excited about the momentum in our community groups ministry. Our team has worked hard to recruit and empower new leaders to start groups,
which are now meeting in surrounding communities like Eden Prairie, Prior Lake, Savage, New Prague, and Belle Plaine. The new Young Adults Groups are also growing every week. It’s wonderful to see the people of Hosanna gathering on Sundays and then again in groups all over the South Metro.

Shakopee is also seeing growth in our kid’s ministry, even over this past summer, and this allows us to equip and build relationships with families. We will also continue to recruit and equip our volunteers, who “own” the ministry, as they are on the frontline serving children and families well.

— Pastor Aaron Davitch, Shakopee Campus

Adult Ministries

MINISTRY HIGHLIGHT
In FY24, the Adult Ministry team worked to provide more opportunities for adults to get connected to the Christian community through Large Groups on campus and Small Groups off campus. In that year, we saw a 61% increase in participation across all four campuses!

GOOD NEWS STORY
This past year, we partnered with our Prayer Ministry and Global Impact to provide a Spring celebration for all involved in Community Groups. These celebrations were well attended at each campus, and nearly 100 of our Community Groups partnered with Local and Global ministries and missionaries in prayer. In addition to prayer, some group members participated in a mission trip to Tanzania! We can’t wait to hear about the transformation and impact these partnerships will continue to provide.
LOOKING AHEAD
In Adult Ministry, we are looking forward to providing Large Community Groups for men and women at all four campuses. Our Large Community Groups are hosted on-site and provide an excellent on-ramp and alternative for those seeking a Christian community in a larger-scale setting.

Secondly, we are excited to continue adding growth opportunities here at Hosanna by piloting a new course called Practicing the Way. This course looks at what it means to be a follower of Jesus through an 8-week video format course. We believe this course is a great next-best step after attending Alpha and for anyone seeking to better understand how to be, become, and do just like Jesus.

KID'S AND STUDENT MINISTRIES

Kid's Ministry

GOOD NEWS STORY
At our Lakeville baptism class, our team met a remarkable woman who was there to support her godson. Because this woman had found hope at Hosanna, she wanted to bring her godson to be baptized. During the conversation, she began asking about our children’s ministries. They were taken on a quick tour, and as soon as the boy saw his room he ran in circles and was so delighted that there was a place here just for kids like him. Then we shared our weekly handout designed to guide families in talking about faith, and tears welled in the woman’s eyes. She didn’t know how to talk to him about God, and this was the resource that she had been praying for!

This is the heart of our work: the eternal impact we have on children, adults, families, and communities. Each conversation, each resource, and each act of love creates ripples that can change lives for generations to come, multiplying the hope and heartbeat of Jesus one person and one family at a time!
LOOKING AHEAD
Our teams are excited to create opportunities for kids to share Christ’s love by caring for others. We are doing this by hosting our annual Operation Christmas Child family event, as well as raising support for Healing Haiti. Our goal is to sponsor 25 Haitian students to go to school for a year. We are encouraging kids to pray for kids and families in Haiti and to bring an offering on Sundays and Wednesdays midweek. God has already been doing amazing things in these initiatives. LETS GO!

Student Ministry

STUDENT MINISTRY HIGHLIGHT
This past year, students stretched their faith and more deeply committed themselves to following Jesus. Sixty-six students participated in an impact trip, either locally or globally. And 71 students affirmed their faith through baptism.

GOOD NEWS STORY
Last year, a group of about nine boys from our Lakeville Campus who played basketball for their school team decided that attending the student retreat was a priority for them, so they skipped the State Tournament! They had a great weekend, spending time together with their leader and growing in their faith. It’s good news that we have young people taking their faith so seriously!
LOOKING AHEAD
Both our middle schoolers and high schoolers will experience a “retreat” at Trout Lake Camp. Trout Lake is an awesome partner for ministry. Trout Lake provides incredible facilities where students experience the Holy Spirit, go deeper in their faith, and have a blast with their leaders and their peers. Our students grow in unity through this shared experience!

This year, we will host “THEME NIGHTS,” where we turn up the fun, play games, and have an awesome message and worship designed for students who are exploring the faith. There is always lots of energy, memories made and new friends met on these nights.

glOBAL iMPACT

GLOBAL IMPACT HIGHLIGHT
We sent six Impact trips of adults and students to Bemidji, Wind River, Chicago, Ethiopia, Tanzania, and Ecuador!

Hosanna is the tangible hands and feet of Christ as we support all of our ministry partners around the world, allowing them to serve so many people and lead people to Christ!
GOOD NEWS STORY
“During the Wind River trip, our team got to witness what it’s like to be in a microcosm of a third-world country. We witnessed kids who lived in poverty, who had little to no access to basic necessities, and some who had even been abused. This trip impacted me because we got to love these kids who just wanted people to care for them. We got to show them that there is a God who is greater than any struggle and any hardship. There is a God who loves them unconditionally. Seeing these kids have so much joy with so little material possessions showed me how to find joy in every precious moment that I get in this life.”
— Kate, 10th Grade, Northfield

LOOKING AHEAD
In the fall of 2024, Hosanna sent its largest team ever to Tanzania to support our partner Food For His Children. The team will be leading the Alpha course for the Food For His Children staff and equipping them to lead the Alpha course with all of the families they serve.

HEART Ministry

HEART MINISTRY HIGHLIGHT
For the past several months, a group of Hosanna and HEART staff and volunteers have been discussing the structure of HEART as well as our potential for growth. Our goal is to allow HEART to live out God’s unique purpose and to provide the best path that allows for growth and continued development.

After much prayer and discernment, Hosanna has decided to organize HEART and Heartland Outlet into a new entity called HEART Response Ministry (HRM). HRM will remain in the Hosanna family but will report through Hosanna Heartland instead of Hosanna Church.

As HEART, we are so excited for the opportunity we have been given to continue to grow and flourish in the mission God has given us! We will build upon our service in 2024: Heart gave away over $3 million in goods to communities and our partner ministries and 50,000 items during our community giveaway nights. We increased the number of community partners from 150 to 180 and also, over three years, grew volunteers serving from 584 to 1,373.
GOOD NEWS STORY
Easter Baskets for Children in Minneapolis

This past Easter, HEART brought joy to children and families in Minneapolis through our annual Easter Outreach at the ICCM Life Center. We partnered with local shelters to bring families together for a hot meal, celebrating the spirit of the season. We assembled and distributed 300 Easter baskets filled with stuffed animals, Easter eggs, toy cars, and more, all provided by HEART Ministries. This was just one of the efforts of our new volunteers to HEART this year.
LOOKING AHEAD
We will grow into our new organizational structure —HEART Response Ministries—as we seek to expand our partnership with Scott County. We also have plans to expand Heartland Outlet stores to help more non-profits locally and nationally.

HOSPITALITY & Serving

HOSPITALITY & SERVING HIGHLIGHT
This year we saw a 45% growth in the number of people serving through Hosanna’s Hospitality teams compared to FY23. We now have 1,477 people serving across all four Hosanna campuses.
GOOD NEWS STORY
This year, Northfield launched Wednesday night kids ministry and had to recruit 20 new volunteers in a short period. It is no easy task to start a new ministry and go from 0 to 20 volunteers. But the team cast a compelling vision, extended the invitations, and hit 100% of the serving goal by recruiting all 20 before the ministry launched!
LOOKING AHEAD
We anticipate continued growth in our volunteer ranks this year, and we are on track to cross the 50% threshold when comparing the number of people serving and the number of people attending services on a Sunday. With one volunteer for every two people, we can warmly welcome each person as they pursue Jesus.

PRAYER & CARE

PRAYER HIGHLIGHT
Pentecost Sunday was a high spiritual experience for many prayer team members. Opening the door for spontaneous baptisms created space in the prayer room for deeper discussions on the Holy Spirit and salvation when the physical symbol of water baptism could be immediately offered.

PRAYER GOOD NEWS STORY
Letter received 12/28/2023:

Dear Pastor Tim and the Prayer Team,

Thank you so much for the beautiful hand-carved cross I was given on the 24th. I appreciate that so many prayer teams frequently give time, comfort, and encouragement. This fellowship opportunity has been an important part of my faith experience.

Thanks again and Blessings

PRAYER LOOKING AHEAD
This fall, the Prayer Ministry will offer equipping workshops and welcome new members planning to join this fall.
CARE LOOKING AHEAD
For the coming year, our goal is to make sure that everyone who calls Hosanna their church home knows about Care Ministry as a resource when they are experiencing a challenging life situation.  We are here to come alongside our congregation through any life struggle by connecting with appropriate resources inside and outside the church.

CARE HIGHLIGHT
The Hosanna Care Ministry expanded the number of people we helped access mental health care this past year. We welcomed more people into our regular Tuesday night care groups and made connections to pastoral and professional counseling, inpatient mental health and recovery programs, crisis care, and more. We also helped schedule appointments and track down paperwork, as well as expedite the payment process.

CARE GOOD NEWS STORY
Restored marriage, family, and faith after seeking help in the Care Ministry.“I’ve been coming to Church and group on Tuesday evenings Care Ministry. And the way God, the
church, and my group have helped me in my life is nothing short of incredible. The support and love you have shown through our conversations is the same love and support I have felt the entire time I have been coming to Hosanna on Tuesday evenings. Lastly, thank you. Thank you for accepting me into the church and into the group. God is great!”

marriage & life events

LIFE EVENTS HIGHLIGHT
We had 11,000+ people attend a Celebration of Life service conducted by one of our Hosanna pastors which means that all those folks heard about the hope that we have in Jesus.

LIFE EVENTS GOOD NEWS STORY
We had a family return to Hosanna for a Celebration of Life event. As we cared for the family through their grief, they felt the Holy Spirit pulling them back to church. That family is volunteering and one of them got baptized this year!
LOOKING AHEAD
We will be offering The Marriage Course at all of our campuses and will be inviting our community, in addition to our church, to attend!

Worship Arts

WORSHIP ARTS HIGHLIGHT
The worship teams serviced strongly and consistently in over 400 weekend services! Additionally, powerful worship was part of over 175 youth services across our campuses.

The Christmas Concert, hosting the largest choir ever, provided an opportunity for strong community involvement. All four concerts were sold out with nearly 10,000 people in attendance!

GOOD NEWS STORY
The worship team partnered with the Minnesota Adult and Teen Challenge (MNTC) for their Spiritual Emphasis Week. Leading worship over four days and introducing hundreds of MNTC clients to the good news of Jesus and connecting to His Spirit

LOOKING AHEAD
This December, Hosanna will present the 25th Anniversary Christmas Concert. It’s estimated that over 150,000 have celebrated with us over these years! This year over 500 performers will be included with a full orchestra, the largest community choir yet, along with 4 high school choirs, soloists, dancers, aerialists, full production, and much more. Nearly 15,000 tickets are available for the community!

Concert dates are: December 6 at 7 PM | December 7 at 3 & 7 PM | December 13 at 7 PM | December 14 at 3 & 7 PM.

Finances

FY24 Revenue
Lakeville General Fund $ Shakopee General Fund $
Northfield General Fund $
Rosemount General Fund $
Total General Fund $
Designated Fund & Ministry
Total Revenue
$8,762,925
$ 1,244,391
$1,047,612
$ 1,067,271
$ 12,122,199
$3,182,852
$ 15,305,051
FY24 Expenses
Facilities Management
Kids & Students Ministries
Adult, Care & Impact Ministries
Campus Ministries
Ministry Services
Worship, Production, & Comm
Debt Service
Tithe
Total Expenses $15,112,010
Total                  
$ 2,085,008        
$ 1,402,460      
$ 2,788,299      
$ 1,801,942      
$ 1,934,742  
$ 2,429,966    
$ 875,570    
$ 1,794,023    
$ 15,112,010 
FY24 Tithe by Geographic Location
Local
National
Global
Total   

FY24 Tithe by Organization Type*
Affiliations
Local Partners
Global Partners
Churches
Missionaries
Total
$ 372,597            $92,499
$ 1,328,927
$ 1,794,023
 

$ 60,000
$302,596
$1,225,302
$102,500
$ 103,625
$ 1,794,023
*Affiliations-Denominational & other organizational relationships | Local partners-Nonprofit, civic, and ministry partners of each campus, Care Ministry, and HEART | National partners-Church and nonprofit partners of HEART outside of Minnesota | Global partners-Primarily our partners in Ethiopia, Haiti, and India and also includes Syria/Turkey earthquake relief | Churches-Local church partners in mission with Hosanna
FY24 FINANCIAL SUMMARY:
You are the provision for the vision! God has abundantly blessed Hosanna with a faith filled community to fuel our shared mission to humbly and boldly be a church that looks more like Jesus.

Hosanna’s revenues come in two primary forms - General Fund giving and Designated Funds/Ministry Income. Overall, we ended the year with a positive net income of
$193,041. The General Fund was 7.8% below budget; however, Designated Funds/Ministry Income was 240% over budget.

General Fund Giving & Other Revenue:
In Fiscal Year 2024, 3,152 households gave to the General Fund. Of those households:
• 1,412 used recurring electronic giving
• 418 households made their first gift
• 77% of households gave in the previous year
• 96 households used their DAF or IRA for giving
• 52 people participated in the 90-Day Tithe Challenge

Hosanna believes that God’s best for us is to tithe, giving 10% of our income back to God through your home church. As our hearts are transformed, we are each on a journey toward and beyond tithing. No matter where you are, God has a “best next step” for you and we are here to support you as you grow in trust through your giving.

Hosanna is a tithing church that lives generously. A portion of your monthly giving plus gifts through our three offerings allowed Hosanna to give $1,794,023 outside the walls of the church. Through the three offerings, you gave:
• Thanksgiving - $221,247
• Christmas - $274,283
• Easter - $259,062
Designated Funds/Ministry Income:
The sale of four acres of land on the west side of the Lakeville campus to Ebenezer Senior Living was completed in August 2024 and resulted in $423,000 in net proceeds. This will be the new home for Estoria Senior Co-op. HEART and Heartland Outlet began to assume their expenses during the transition to becoming a non-profit entity reporting through Hosanna Heartland. (See HEART update for more details). Those expenses, carried by Hosanna Church and reimbursed by HEART/Heartland Outlet totaled $791,997. This is part of the “Designated Funds/Ministry Income.” Starting in FY25, HEART and Heartland Outlet will cover its expenses through a new non-profit - HEART Response Ministries, which will include a Common Area Maintenance Agreement of $128,292 annually with Hosanna Church.

Summary of Expenses and Other Highlights:
Our expenses were 7.2% over budget, which was tied to HEART and Heartland Outlet. Otherwise, we managed our expenses to our giving and Designated Funds/Ministry Income, which allowed us to close our year with a positive net income.

This past fiscal year, $568,675 was invested in our physical assets. The original footprint of the Lakeville campus received a new roof, and Children’s Ministry spaces were refreshed across three of our four campuses (Lakeville, Rosemount and Shakopee). The other major capital investment improved the production (audio, video equipment) space at Shakopee.

We reduced our debt by $843,000, and we closed the year with 3.7 months in unrestricted cash reserves, which meets our lender's requirement of three months of unrestricted cash on hand. Additionally, we ended the year with 1.4 months in designated cash reserves for future growth and capital needs. As part of our annual audit/review, Hosanna received a clean, unqualified audit opinion for FY23.

FY25 BUDGET HIGHLIGHTS:
The Vision Board approved Hosanna’s FY25 budget of $14.2 million in revenue and expenses.  The General Fund budget of $12,659,000 represents an increase of $700,000 (4.4%) over FY24 actuals and a 2% increase over our three-year rolling actuals. Designated Funds/Ministry Income is budgeted at $1.58 million. Expenses match revenue at $14.2 million. We invite your prayers over this budget as we collectively pursue our mission to multiply the hope and heartbeat of Jesus.