DISTRICT 196 FOUNDATION INCORPORATED (EIN 263152003) - 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

2008

Legal Domicile

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

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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 (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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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

DISTRICT 196 FOUNDATION INCORPORATED