MESABI RANGE FOUNDATION (EIN 363297854) - 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

1998

Principal Officer

SUE MEDURE

Phone

2185502519

Tax Period

2024-05-01 to 2025-04-30

MESABI RANGE FOUNDATION, founded in 1998, is a small nonprofit that reported $419K in total revenue in fiscal year 2024. Revenue surged 188% from the prior year, signaling strong growth momentum. The organization ran a surplus of $271K, a strong 65% operating margin.

Mission

SCHOLARSHIPS AND GRANTS TO COLLEGE STUDENTS, STUDENT ORGANIZATIONS, OR STUDENT HOUSING AUTHORITY.

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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 $335,811

Program Service Revenue $0

Investment Income $83,068

Other Revenue $0

TOTAL REVENUE $418,879

Expense Breakdown

Grants Paid $99,000

Salaries & Benefits $0

Fundraising Expenses $576

Program Expenses $146,459

Other Expenses $48,654

TOTAL EXPENSES $147,654

Year-over-Year Comparison

	2024	2023	Change
Revenue	$418,879	$145,450	+1.9%
Expenses	$147,654	$148,940	0.0%
Net Income	$271,225	$-3,490	-78.7%

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
SUE MEDURE	President	1.25	Officer Director	$0	$0	$0
GARY CERKVENIK	Director	0.25	Director	$0	$0	$0
ANNIE BACHSCHNEIDER	Director	0.25	Director	$0	$0	$0
GARY PICEK	Secretary	0.25	Officer Director	$0	$0	$0
JOHN KLARICH	Director	0.25	Director	$0	$0	$0
BRENDA KOCHEVAR	Vice President	0.25	Officer Director	$0	$0	$0
MARK MUHICH	Director	0.25	Director	$0	$0	$0
ELIZABETH PLUSKWIK	Treasurer	0.25	Officer Director	$0	$0	$0
MARY GORMAN	Director	0.25	Director	$0	$0	$0
KIMBERLY PITTMAN	EX-OFFICIO	0.25	Director	$0	$0	$0
SUE LONG	Director	0.25	Director	$0	$0	$0
THOMAS INFORZATO	EX-OFFICIO	0.25	Officer	$0	$0	$0
SCOTT WIRTANEN	FDN COORDINATOR	25.00	Officer	$0	$0	$0
JODI PONTINEN	EX-OFFICIO	0.25	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	$418,879	$147,654	$1,402,725	$271,225
2024	$145,450	$148,940	$1,131,500	$-3,490
2023	$118,001	$134,094	$1,063,573	$-16,093
2022	$219,772	$170,322	$1,097,636	$49,450
2021	$282,959	$142,488	$1,216,889	$140,471
2020	$132,262	$164,583	$962,503	$-32,321
2019	$127,580	$121,246	$1,042,086	$6,334

MESABI RANGE FOUNDATION