TRI COLLEGE UNIVERSITY

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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

1970

Legal Domicile

Principal Officer

DR CARRIE BRIMHALL

Phone

7012318170

Tax Period

2023-07-01 to 2024-06-30

TRI COLLEGE UNIVERSITY, founded in 1970, is a small nonprofit that reported $426K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $76K, a strong 18% operating margin.

Mission

ASSIST IN ESTABLISHMENT AND MAINTENANCE OF COORDINATED PROGRAMS AMONG AND BETWEEN NORTH DAKOTA STATE UNIVERSITY, MINNESOTA STATE UNIVERSITY MOORHEAD, CONCORDIA COLLEGE, MINNESOTA STATE COMMUNITY AND TECHNICAL COLLEGE, AND NORTH DAKOTA STATE COLLEGE OF SCIENCE, TOGETHER WITH AFFILIATED INSTITUTIONS AND SUPPORTING AGENCIES AND ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $2,112 Revenue: $6,890

LIBRARY - TO PROVIDE LIBRARY MATERIALS AT EACH CAMPUS ACCESSIBLE VIA THE ONLINE CATALOGS ENSURING THAT FACULTY, STAFF OR STUDENTS FROM ANY OF THE FIVE PARTNERING INSTITUTIONS HAVE PRIVILEGES AT ALL FIVE CAMPUS LIBRARIES. LIBRARY CO-OPERATION PROVIDES A RESOURCE OF MORE THAN 1.25 MILLION BOOKS AND OVER 5,000 JOURNALS WITH TITLES REPRESENTING ALL ACADEMIC DISCIPLINES.

Program 2

FOUNDERS FUND - BOARD DESIGNATED ENDOWMENT FUND ESTABLISHED TO PRESERVE MONEYS FOR THE FUTURE OPERATIONS OF TRI COLLEGE UNIVERSITY.

Program 3

WIMF ENDOWMENT - ESTABLISHED TO PROVIDE FUNDS FOR THE "WALK INTO MY FUTURE" PROGRAM.

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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 $305,991

Program Service Revenue $6,890

Investment Income $112,809

Other Revenue $40

TOTAL REVENUE $425,730

Expense Breakdown

Grants Paid $600

Salaries & Benefits $267,495

Fundraising Expenses $10,887

Program Expenses $95,889

Other Expenses $81,748

TOTAL EXPENSES $349,843

Year-over-Year Comparison

	2023	2022	Change
Revenue	$425,730	$351,909	+0.2%
Expenses	$349,843	$311,112	+0.1%
Net Income	$75,887	$40,797	+0.9%

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

$117,247

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR CARRIE BRIMHALL	CHAIR	0.60	Officer Director	$0	$0	$0
DR DAVID J COOK	VICE CHAIR	0.60	Officer Director	$0	$0	$0
DR TIMOTHY DOWNS	TREASURER	0.60	Officer Director	$0	$0	$0
DR COLIN IRVINE	DIRECTOR	0.60	Director	$0	$0	$0
DR ROD FLANIGAN	DIRECTOR	0.60	Director	$0	$0	$0
KENT EKEN	DIRECTOR	0.30	Director	$0	$0	$0
SHANNON FULL	DIRECTOR	0.30	Director	$0	$0	$0
TAMI NORGARD	DIRECTOR	0.30	Director	$0	$0	$0
TIM FLAKOLL	PROVOST/SECRETARY	20.00	Officer	$98,339	$18,908	$117,247

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	$17,069	$834,558	No data	$-817,489
2024	$425,730	$349,843	$857,974	$75,887
2023	$351,909	$311,112	$822,538	$40,797
2022	$327,017	$294,160	$768,416	$32,857
2021	$390,225	$314,773	$869,979	$75,452
2020	$337,738	$294,727	$724,498	$43,011
2019	$323,299	$293,993	$657,223	$29,306