BEMIDJI STATE UNIVERSITY ALUMNI AND FOUNDATION (EIN 237044156) - 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

1969

Legal Domicile

Principal Officer

ALLYSSA JOSEPH

Phone

2187552778

Tax Period

2024-07-01 to 2025-06-30

BEMIDJI STATE UNIVERSITY ALUMNI AND FOUNDATION, founded in 1969, is a community nonprofit in the Education sector that reported $9.1M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.9M, a strong 54% operating margin.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,812,513

Program Service Revenue $0

Investment Income $1,209,227

Other Revenue $115,594

TOTAL REVENUE $9,137,334

Expense Breakdown

Grants Paid $2,686,223

Salaries & Benefits $1,047,114

Fundraising Expenses $1,200,097

Program Expenses $2,903,953

Other Expenses $306,693

TOTAL EXPENSES $4,212,550

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,137,334	$7,701,692	+0.2%
Expenses	$4,212,550	$3,614,095	+0.2%
Net Income	$4,924,784	$4,087,597	+0.2%

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

125

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

$230,109

Total Directors

$230,109

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK SHANFELD	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT KURTZWEG	TREASURER	1.00	Officer Director	$0	$0	$0
XIHAO HU	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL HANSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KAY MACK	BOARD MEMBER	1.00	Director	$0	$0	$0
ABBY MEYER	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG FREDRICKSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROGER REIERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA KITTLESON	SECRETARY	1.00	Officer Director	$0	$0	$0
JAKE RICHMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE SORENSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM WALRATH	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE BERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS CORRADI	DIRECTOR OF FINANCE	40.00	Officer Director	$68,572	$0	$68,572
ALLYSSA JOSEPH	EXECUTIVE DIRECTOR	40.00	Officer Director	$161,537	$0	$161,537
ADRIAN DUNN	DIRECTOR OF DEVELOPMENT	40.00	Highest	$104,425	$0	$104,425
LISA HOFSTAD	VP UNIVERSITY ADVANCEMENT	40.00	Highest	$105,582	$0	$105,582

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
2025	$9,137,334	$4,212,550	$54,522,067	$4,924,784
2024	$7,701,692	$3,614,095	$45,777,549	$4,087,597
2023	$4,435,133	$3,326,044	$38,040,879	$1,109,089
2022	$3,226,232	$3,294,882	$34,192,728	$-68,650
2021	$10,645,175	$2,713,789	$39,666,279	$7,931,386
2020	$4,038,788	$3,408,120	$31,720,859	$630,668
2019	$3,977,901	$3,627,472	$31,089,054	$350,429

BEMIDJI STATE UNIVERSITY ALUMNI AND FOUNDATION