TRI COLLEGE UNIVERSITY

EIN: 237102720 501(c)(3)

FARGO, ND

Total Revenue
$425,730
Total Expenses
$349,843
Total Assets
$857,974
Net Assets
$790,690
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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
ND
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.

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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%)

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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

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Governance

Voting Members
8
Independent Members
3
Employees
3
Volunteers
8

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
4
$117,247
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
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
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