WINONA STATE UNIVERSITY FOUNDATION

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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

1979

Legal Domicile

Principal Officer

JON OLSON

Phone

5074575020

Tax Period

2024-07-01 to 2025-06-30

WINONA STATE UNIVERSITY FOUNDATION, founded in 1979, is a community nonprofit in the Education sector that reported $8.0M in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.4M, a strong 43% operating margin.

Mission

ENCOURAGE BEQUESTS AND DONATIONS FOR THE BENEFIT OF STUDENTS AND THE EDUCATIONAL PROGRAMS OF WINONA STATE UNIVERSITY

Program Service Accomplishments

Program 1

Expenses: $2,525,459

SCHOLARSHIPS TO APPROXIMATELY 775 WINONA STATE UNIVERSITY STUDENTS.

Program 2

Expenses: $1,050,527 Revenue: $153,383

GRANTS AND EXPENDITURES SUPPORTING WINONA STATE UNIVERSITY PROGRAMS AND ACTIVITIES. THE FOUNDATION GRANTS SUPPORT OVER 120 INDIVIDUAL PROGRAMS AT WINONA STATE UNIVERSITY.

Program 3

Expenses: $322,900 Revenue: $702,713

STUDENT HOUSING ACTIVITIES, THE FOUNDATION OPERATES STUDENT HOUSING COMPRISING 100 UNITS AND MORE THAN 370 STUDENTS.

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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 $3,368,236

Program Service Revenue $856,096

Investment Income $3,665,111

Other Revenue $123,860

TOTAL REVENUE $8,013,303

Expense Breakdown

Grants Paid $3,489,077

Salaries & Benefits $0

Fundraising Expenses $77,515

Program Expenses $3,898,886

Other Expenses $1,103,645

TOTAL EXPENSES $4,592,722

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,013,303	$4,942,433	+0.6%
Expenses	$4,592,722	$4,011,853	+0.1%
Net Income	$3,420,581	$930,580	+2.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE AMUNDSON	PRESIDENT	5.00	Officer Director	$0	$0	$0
THOMAS WYNN	IMMEDIATE PAST CHAIR	5.00	Officer Director	$0	$0	$0
JOHN MCSHEA	CHAIR ELECT	5.00	Officer Director	$0	$0	$0
HOWARD BICKER	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE BOLON	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT ELLINGHUYSEN	DIRECTOR	1.00	Director	$0	$0	$0
BONNIE CLIPPER	DIRECTOR	1.00	Director	$0	$0	$0
REGGIE JOHNSON	SECRETARY	5.00	Officer Director	$0	$0	$0
MARK NICHOLS	DIRECTOR	1.00	Director	$0	$0	$0
TIM MISSLING	TREASURER	5.00	Officer Director	$0	$0	$0
KEN MOGREN	DIRECTOR	1.00	Director	$0	$0	$0
DAN MORTENSEN	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT OPFER	DIRECTOR	1.00	Director	$0	$0	$0
RILL REUTER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID RUBENSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
JON OLSON	EXECUTIVE DIRECTOR	40.00	Officer Director	$0	$0	$0
MICHAEL RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL SCHROMEN	DIRECTOR	1.00	Director	$0	$0	$0
BOB STRAUSS	DIRECTOR	1.00	Director	$0	$0	$0
JIM ZUEHLKE	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH JANZ	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN FREDERICK	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY COLTON	DIRECTOR	1.00	Director	$0	$0	$0
BOB BREWER	DIRECTOR	1.00	Director	$0	$0	$0
KRIS WENKER	DIRECTOR	1.00	Director	$0	$0	$0
PHIL SONNEBERG	CFO UNTIL NOV. 2025	40.00	Officer	$0	$0	$0

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	$8,013,303	$4,592,722	$93,536,107	$3,420,581
2024	$4,942,433	$4,011,853	$86,205,215	$930,580
2023	$6,516,255	$4,231,356	$79,737,621	$2,284,899
2022	$6,888,615	$3,452,827	$70,974,103	$3,435,788
2021	$7,838,312	$3,305,195	$77,604,958	$4,533,117
2020	$11,809,228	$3,504,239	$64,479,328	$8,304,989
2019	$7,092,770	$6,807,107	$56,915,357	$285,663
2018	$8,503,806	$3,301,896	$55,943,415	$5,201,910