PARK NICOLLET FOUNDATION (EIN 237346465) - 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

1959

Legal Domicile

Principal Officer

ALITA R RISINGER

Phone

9528835613

Tax Period

2023-01-01 to 2023-12-31

PARK NICOLLET FOUNDATION, founded in 1959, is a mid-sized nonprofit that reported $10.6M in total revenue in fiscal year 2023. Revenue surged 145% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.9M, a strong 75% operating margin.

Mission

TO IMPROVE THE HEALTH AND WELL-BEING OF OUR PATIENTS, FAMILIES AND COMMUNITY.

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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 $7,306,982

Program Service Revenue $0

Investment Income $3,161,419

Other Revenue $85,976

TOTAL REVENUE $10,554,377

Expense Breakdown

Grants Paid $2,398,137

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,575,015

Other Expenses $227,356

TOTAL EXPENSES $2,625,493

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,554,377	$4,305,922	+1.5%
Expenses	$2,625,493	$3,141,618	-0.2%
Net Income	$7,928,884	$1,164,304	+5.8%

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

$844,505

Total Directors

$2,548,186

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAYLEY MUELLER	DIRECTOR & EXEC DIRECTOR	45.00	Officer Director	$0	$15,774	$158,219
TRACI RUTZICK	DIRECTOR	0.50	Director	$0	$0	$0
KIM CASSENS	DIRECTOR & CHAIR	1.60	Officer Director	$0	$0	$0
SARAH SANDHU	DIRECTOR	0.50	Director	$0	$0	$0
ROB SHINER	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT THOMAS	DIRECTOR	0.50	Director	$0	$0	$0
NANCY GELLE	DIRECTOR & SECRETARY	0.70	Officer Director	$0	$0	$0
DEBORAH A THORP MD	DIRECTOR	0.50	Director	$0	$46,625	$325,784
SANDRA JOHNSON	DIRECTOR	1.10	Director	$0	$0	$0
MIKE SPURLING	DIRECTOR & VICE CHAIR	0.90	Officer Director	$0	$0	$0
HILAL IBRAHIM	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER L MYSTER	DIRECTOR	0.50	Director	$0	$140,179	$798,093
SHERIFF AHMED	DIRECTOR	0.90	Director	$0	$0	$0
MARTHA A NANCE MD	DIRECTOR	1.00	Director	$0	$40,618	$317,520
ANDREA D SINGH MD	DIRECTOR	1.00	Director	$0	$55,199	$415,516
PAHOUA Y HOFFMAN	DIRECTOR	0.50	Director	$0	$105,197	$533,054
JERRY TIMIAN	DIRECTOR & TREASURER	0.80	Officer Director	$0	$0	$0
ERIK MEYER	DIRECTOR	0.50	Director	$0	$0	$0
BILL SECORD	DIRECTOR	0.50	Director	$0	$0	$0
ANAB GULAID	DIRECTOR (JAN-MAR)	0.50	Director	$0	$0	$0
ALENA JOHNSON	DIRECTOR (JAN-JUN)	0.50	Director	$0	$0	$0
ALITA RISINGER	CFO	0.50	Officer	$0	$112,052	$686,286
HEIDI CONRAD	FORMER CFO	0.00		$0	$46,240	$226,148

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	$10,554,377	$2,625,493	$80,536,439	$7,928,884
2022	$4,305,922	$3,141,618	$66,832,705	$1,164,304
2021	$8,122,835	$3,392,214	$73,085,794	$4,730,621
2020	$7,892,332	$2,542,225	$67,066,886	$5,350,107
2019	$22,875,820	$6,031,997	$64,630,204	$16,843,823
2018	$6,247,604	$3,058,655	$42,917,238	$3,188,949

PARK NICOLLET FOUNDATION