NI MAGNUSON CHRISTIAN SCHOOL

EIN: 320111769 501(c)(3) Education

WHITE BEAR LAKE, MN

Total Revenue
$1,387,537
Total Expenses
$1,472,147
Total Assets
$195,981
Net Assets
$195,981
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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
2004
Legal Domicile
MN
Principal Officer
NICHOLAS BOEHLAND
Phone
6514787317
Tax Period
2024-08-01 to 2025-07-31

NI MAGNUSON CHRISTIAN SCHOOL, founded in 2004, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

WE ARE A CHRIST-CENTERED, ACADEMICALLY EXCELLENT, EDUCATIONAL COMMUNITYTHAT DEVELOPS THE WHOLE CHILD - HEART, SOUL, MIND, AND BODY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $575,103
Program Service Revenue $831,123
Investment Income $1,416
Other Revenue $-20,105
TOTAL REVENUE $1,387,537

Expense Breakdown

Grants Paid $2,371
Salaries & Benefits $1,204,204
Fundraising Expenses $23,453
Program Expenses $1,252,727
Other Expenses $265,572
TOTAL EXPENSES $1,472,147

Year-over-Year Comparison

2024 2023 Change
Revenue $1,387,537 $1,495,325 -0.1%
Expenses $1,472,147 $1,423,907 +0.0%
Net Income $-84,610 $71,418 -2.2%
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
7
Independent Members
7
Employees
32
Volunteers
40

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
5
$94,563
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEATHER NORMAN SCHOOL DIRECTOR 40.00
Officer
$78,677 $15,886 $94,563
NICHOLAS BOEHLAND CHAIR/TREASURER 30.00
Officer Director
$0 $0 $0
MIKE MATHISEN VICE CHAIR 30.00
Officer Director
$0 $0 $0
SETH JOHNSON-TREASURER THRU AUGUST 2024 30.00
Officer Director
$0 $0 $0
ANNE YODER SECRETARY 1.00
Officer Director
$0 $0 $0
PASTOR DARRIN VICK BOARD MEMBER 1.00
Director
$0 $0 $0
PERRY PICKERIGN BOARD MEMBER 1.00
Director
$0 $0 $0
SUE SPANGENBERG BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE HAMERNICK BOARD MEMBER 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
2025 $1,387,537 $1,472,147 $195,981 $-84,610
2024 $1,495,325 $1,423,907 $280,591 $71,418
2023 $1,149,364 $1,413,551 $209,173 $-264,187
2022 $1,258,179 $1,021,180 $473,360 $236,999
2021 $828,771 $820,521 $236,361 $8,250
2020 $844,617 $729,612 $230,330 $115,005
2019 $741,736 $722,577 $114,185 $19,159
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