DISTRICT 196 FOUNDATION INCORPORATED

EIN: 263152003 501(c)(3) Education

Rosemount, MN

Total Revenue
$149,262
Total Expenses
$98,325
Total Assets
$220,300
Net Assets
$220,300
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
MN
Principal Officer
Christine Searson
Phone
6514237722
Tax Period
2021-07-01 to 2022-06-30

DISTRICT 196 FOUNDATION INCORPORATED, founded in 2008, is a small nonprofit in the Education sector that reported $149K in total revenue in fiscal year 2021. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 34% operating margin.

Mission

Eliminate barriers to learning in District 196, Minnesota

Program Service Accomplishments

Program 1
Expenses: $25,250 Revenue: $31,651

Scholarships on behalf of Apple Valley High School

Program 2
Expenses: $37,834 Revenue: $84,934

Eliminating barriers to learning in District 196, Minnesota

Program 3
Expenses: $28,753 Revenue: $31,828

Support for Valley Middle School

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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 (2021)

Revenue Breakdown

Contributions & Grants $149,262
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $149,262

Expense Breakdown

Grants Paid $59,250
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $98,325
Other Expenses $39,075
TOTAL EXPENSES $98,325

Year-over-Year Comparison

2021 2020 Change
Revenue $149,262 $122,428 +0.2%
Expenses $98,325 $121,140 -0.2%
Net Income $50,937 $1,288 +38.5%
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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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
N/A

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
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Hue Nguyen Vice chair 1.00
Officer Director
$0 $0 $0
Brian Steeves Chair 1.00
Officer Director
$0 $0 $0
Christine Searson Treasurer 1.00
Officer Director
$0 $0 $0
Katelyn Warburton Secretary 1.00
Officer Director
$0 $0 $0
Kari Thompson Board member 1.00
Director
$0 $0 $0
Jennifer O'Rourke Board Member 1.00
Director
$0 $0 $0
Alex Hermida Board Member 1.00
Director
$0 $0 $0
Heidi Larson Board Member 1.00
Director
$0 $0 $0
Amy Stetzel Board Member 1.00
Director
$0 $0 $0
Rachel Cleary Utter Board Member 1.00
Director
$0 $0 $0
Khia Bruse Board Member, ex-officio 1.00
Director
$0 $0 $0
Mary Kreger Board Member, ex officio 1.00
Director
$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
2022 $149,262 $98,325 $220,300 $50,937
2021 $122,428 $121,140 $169,363 $1,288
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