MINOT COMMUNITY FOUNDATION (EIN 010589927) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

REED ARGENT

Phone

7018520646

Tax Period

2023-01-01 to 2023-12-31

MINOT COMMUNITY FOUNDATION, founded in 2000, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $412K, a strong 23% operating margin.

Mission

SUPPORT AND IMPROVE PUBLIC WELL-BEING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $591,025

Program Service Revenue $0

Investment Income $1,155,581

Other Revenue $17,570

TOTAL REVENUE $1,764,176

Expense Breakdown

Grants Paid $836,921

Salaries & Benefits $225,395

Fundraising Expenses $108,353

Program Expenses $1,177,739

Other Expenses $290,216

TOTAL EXPENSES $1,352,532

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,764,176	$2,217,446	-0.2%
Expenses	$1,352,532	$1,930,336	-0.3%
Net Income	$411,644	$287,110	+0.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✓ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$121,025

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REED ARGENT	CHAIRMAN OF THE BOARD	2.00	Officer Director	$0	$0	$0
ROSS JOHNSON	FINANCE & INVESTMENT CHAIR	1.00	Officer Director	$0	$0	$0
PERRY OLSON	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
TIM MIHALICK	TREASURER	1.00	Officer Director	$0	$0	$0
SHANNON RADKE	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
TOM PROBST	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE HARRIS	SECRETARY	1.00	Officer Director	$0	$0	$0
LESLIE COUGHLIN	DIRECTOR	1.00	Director	$0	$0	$0
EMILY MACKNER	DIRECTOR	1.00	Director	$0	$0	$0
JILL WALD	DIRECTOR	1.00	Director	$0	$0	$0
JASON ZIMMERMAN	PRESIDENT	30.00	Officer	$117,500	$3,525	$121,025

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$1,764,176	$1,352,532	$38,026,246	$411,644
2022	$2,217,446	$1,930,336	$35,204,821	$287,110
2021	$16,782,314	$1,165,760	$41,225,114	$15,616,554
2020	$2,694,808	$1,515,166	$24,670,632	$1,179,642
2019	$1,214,782	$1,026,861	$22,713,339	$187,921
2018	$2,683,636	$1,931,217	$19,376,195	$752,419

MINOT COMMUNITY FOUNDATION