RED LAKE NATION COLLEGE

EIN: 263031521 501(c)(3) Education

RED LAKE, MN

Total Revenue
$13,231,165
Total Expenses
$9,004,012
Total Assets
$16,715,771
Net Assets
$14,450,957
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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
2010
Legal Domicile
MN
Principal Officer
DAN KING
Phone
2186792860
Tax Period
2023-01-01 to 2023-12-31

RED LAKE NATION COLLEGE, founded in 2010, is a mid-sized nonprofit in the Education sector that reported $13.2M in total revenue in fiscal year 2023. Revenue surged 168% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.2M, a strong 32% operating margin.

Mission

PROVIDE EXCELLENT HIGHER EDUCATION.

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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 $12,584,454
Program Service Revenue $534,569
Investment Income $0
Other Revenue $112,142
TOTAL REVENUE $13,231,165

Expense Breakdown

Grants Paid $1,530,499
Salaries & Benefits $3,725,354
Fundraising Expenses $74,690
Program Expenses $8,065,881
Other Expenses $3,748,159
TOTAL EXPENSES $9,004,012

Year-over-Year Comparison

2023 2022 Change
Revenue $13,231,165 $4,934,030 +1.7%
Expenses $9,004,012 $5,585,145 +0.6%
Net Income $4,227,153 $-651,115 -7.5%
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
8
Employees
93
Volunteers
20

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
8
$660,439
Total Directors
8
$77,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLYS MAY CHAIR 2.50
Officer Director
$9,750 $0 $9,750
RACHELE DONNELL SECRETARY 2.50
Officer Director
$9,750 $0 $9,750
DELL LITTLE WIND TREASURER 2.50
Officer Director
$9,750 $0 $9,750
DONOVAN ENGLISH DIRECTOR 2.50
Director
$9,000 $0 $9,000
DELWYN HOLTHUSEN JR DIRECTOR 2.50
Director
$9,750 $0 $9,750
THELMA MAY DIRECTOR 2.50
Director
$9,750 $0 $9,750
JONATHAN MOUNTAIN DIRECTOR 2.50
Director
$9,750 $0 $9,750
SHARON NORRIS DIRECTOR 2.50
Director
$9,750 $0 $9,750
DAN KING PRESIDENT 40.00
Officer
$197,837 $48,677 $246,514
TAMI NISWANDER CFO 40.00
Officer
$113,363 $32,792 $146,155
NADINE BILL EXECUTIVE DIRECTOR MINNEAPOLIS SITE 40.00
Officer
$105,831 $1,245 $107,076
MANDY SCHRAM VP ACADEMICS 40.00
Officer
$78,599 $4,702 $83,301
LANE AZURE VP ACADEMICS 40.00
Officer
$38,961 $9,182 $48,143
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 $13,231,165 $9,004,012 $16,715,771 $4,227,153
2022 $4,934,030 $5,585,145 $10,271,705 $-651,115
2021 $17,279,436 $4,701,440 $10,975,659 $12,577,996
2020 $3,135,494 $3,313,947 $215,413 $-178,453
2019 $2,791,352 $2,989,153 $240,339 $-197,801
2018 $2,465,049 $2,724,727 $422,058 $-259,678
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