MINNESOTA WEST FOUNDATION

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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

1983

Legal Domicile

Principal Officer

LORI SISK

Phone

5078477945

Tax Period

2024-07-01 to 2025-06-30

MINNESOTA WEST FOUNDATION, founded in 1983, is a small nonprofit in the Education sector that reported $681K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $655K left a modest 4% surplus.

Mission

TO OFFER SCHOLARSHIPS TO INDIVIDUALS AND PROMOTE DEVELOPMENT OPPORTUNITIES AT MINNESOTA WEST COMMUNITY COLLEGE THROUGH THE DEVELOPMENT OF EXTERNAL AND INTERNAL CONSTITUENCIES OF THIS CORPORATION.

Program Service Accomplishments

Program 1

Expenses: $324,289 Revenue: $25,373

STUDENTS PURSUING THEIR EDUCATIONAL GOALS AT THE FIVE MINNESOTA WEST COMMUNITY AND TECHNICAL COLLEGE CAMPUSES RECEIVED FINANCIAL ASSISTANCE IN THE FORM OF MINNESOTA WEST SCHOLARSHIPS.

Program 2

Expenses: $212,356 Revenue: $0

SUPPORT OF COLLEGE AND RELATED PROGRAMS: MONIES USED TO PROMOTE MINNESOTA WEST COLLEGE THROUGH THE FUNDING FOR FACILITIES AND RELATED IMPROVEMENTS TO BE USED TO RECRUIT OUTSTANDING INDIVIDUALS TO...

SUPPORT OF COLLEGE AND RELATED PROGRAMS: MONIES USED TO PROMOTE MINNESOTA WEST COLLEGE THROUGH THE FUNDING FOR FACILITIES AND RELATED IMPROVEMENTS TO BE USED TO RECRUIT OUTSTANDING INDIVIDUALS TO ATTEND MINNESOTA WEST COLLEGES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $528,188

Program Service Revenue $0

Investment Income $71,480

Other Revenue $81,440

TOTAL REVENUE $681,108

Expense Breakdown

Grants Paid $535,032

Salaries & Benefits $0

Fundraising Expenses $41,522

Program Expenses $536,645

Other Expenses $120,281

TOTAL EXPENSES $655,313

Year-over-Year Comparison

	2024	2023	Change
Revenue	$681,108	$544,587	+0.3%
Expenses	$655,313	$561,129	+0.2%
Net Income	$25,795	$-16,542	-2.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI SISK	CHAIRPERSON	0.25	Officer Director	$0	$0	$0
NATALIE RESCH	VICE CHAIRPERSON	0.25	Officer Director	$0	$0	$0
KATIE GILLETTE	SECRETARY	0.25	Officer Director	$0	$0	$0
CAROL BOSSUYT	TREASURER	0.25	Officer Director	$0	$0	$0
CODY HENRICHS	EXECUTIVE DIRECTOR	40.00	Officer	$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	$681,108	$655,313	$1,533,610	$25,795
2024	$544,587	$561,129	$1,458,523	$-16,542
2023	$645,817	$531,644	$1,389,299	$114,173
2022	$859,326	$648,123	$1,301,465	$211,203
2021	$331,245	$380,479	$1,323,251	$-49,234
2020	$571,299	$619,968	$1,243,646	$-48,669
2019	$364,743	$407,994	$1,245,779	$-43,251