GREATER ROCHESTER ADVOCATES FOR UNIVERSITIES & COLLEGES

EIN: 363517407 501(c)(3)

ROCHESTER, MN

Total Revenue
$332,777
Total Expenses
$313,322
Total Assets
$33,292
Net Assets
$33,292
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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

Legal Domicile
MN
Principal Officer
JINNY RIETMANN
Phone
5072817786
Tax Period
2024-01-01 to 2024-12-31

GREATER ROCHESTER ADVOCATES FOR UNIVERSITIES & COLLEGES is a small nonprofit that reported $333K in total revenue in fiscal year 2024. Revenue surged 399% from the prior year, signaling strong growth momentum. Expenses of $313K left a modest 6% surplus.

Mission

TO OPERATE EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES AND SPECIFICALLY, TO ADVANCE PUBLIC HIGHER EDUCATION IN THE GREATER ROCHESTER AREA.

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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 $331,744
Program Service Revenue $1,018
Investment Income $15
Other Revenue $0
TOTAL REVENUE $332,777

Expense Breakdown

Grants Paid $1,500
Salaries & Benefits $51,076
Fundraising Expenses $0
Program Expenses $313,322
Other Expenses $260,746
TOTAL EXPENSES $313,322

Year-over-Year Comparison

2024 2023 Change
Revenue $332,777 $66,665 +4.0%
Expenses $313,322 $61,603 +4.1%
Net Income $19,455 $5,062 +2.8%
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
1
Volunteers
2

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
$43,000
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CATHERINE DAVIS EXECUTIVE DI 20.00
Officer
$41,000 $0 $41,000
JULIE NIGON PAST EXECUTI 0.50
Officer
$2,000 $0 $2,000
MISUN BORMANN BOARD MEMBER 0.50
Director
$0 $0 $0
HAL HENDERSON BOARD MEMBER 0.50
Director
$0 $0 $0
RYAN PARSONS BOARD MEMBER 0.50
Director
$0 $0 $0
KENDRA WEBER BOARD MEMBER 0.50
Director
$0 $0 $0
HEATHER HOGAN TREASURER/SE 0.50
Officer
$0 $0 $0
SARAH NESS VICE PRESIDE 0.50
Officer
$0 $0 $0
JINNY RIETMANN PRESIDENT 0.50
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
2024 $332,777 $313,322 $33,292 $19,455
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