INTER FACULTY ORGANIZATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

JENNIFER CHERNEGA

Phone

6512278442

Tax Period

2024-07-01 to 2025-06-30

INTER FACULTY ORGANIZATION, founded in 1989, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024.

Mission

COLLECTIVE BARGAINING AGENT FOR FACULTY IN MINNESOTA STATE UNIVERSITIES, LEGISLATIVE LOBBYING FOR FUNDING AND IMPROVEMENT OF SALARIES AND BENEFITS.

Program Service Accomplishments

Program 1

Expenses: $2,108,210

THE IFO IS A COMMUNITY THAT TAKES PROFESSIONAL RESPONSIBILITY FOR EXCELLENT, ACCESSIBLE, AND INCLUSIVE PUBLIC HIGHER EDUCATION IN MINNESOTA. THE IFO REPRESENTS THE INTERESTS, WELFARE, AND ASPIRATIONS OF FACULTY MEMBERS THROUGH COLLECTIVE BARGAINING, CONTRACT ENFORCEMENT AND ADVOCACY. THE IFO IS GOVERNED BY ITS MEMBERS WHO ENSURE THAT THEIR PRIORITIES AND CHALLENGES ARE HEARD AND RESPECTED BY THE ORGANIZATION IN ITS WORK TO IMPROVE HIGHER EDUCATION IN MINNESOTA AND PROVIDE BETTER WAGES, BENEFITS, AND WORKING CONDITIONS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,109,377

Investment Income $101,153

Other Revenue $36,175

TOTAL REVENUE $2,246,705

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,091,309

Fundraising Expenses $0

Program Expenses $2,108,210

Other Expenses $1,238,974

TOTAL EXPENSES $2,330,283

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,246,705	$2,174,702	+0.0%
Expenses	$2,330,283	$2,433,432	0.0%
Net Income	$-83,578	$-258,730	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

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

$46,079

Total Directors

$73,533

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNETTE MORROW	BOARD	1.50	Director	$0	$0	$0
RUCHA AMBIKAR	BOARD	1.50	Director	$0	$0	$0
CONSOLER TEBOH	BOARD	1.50	Director	$0	$0	$0
JAMEEL HAQUE	BOARD	1.50	Director	$0	$0	$0
DEREK WEBB	FA PRESIDENT, BOARD, VICE PRESIDENT	30.00	Officer Director	$0	$0	$0
JENNIFER CHERNEGA	IFO PRESIDENT, BOARD	40.00	Officer Director	$42,079	$0	$42,079
STEPHANIE THORPE	BOARD	1.50	Director	$0	$0	$0
KEITH MAREK	BOARD	1.50	Director	$0	$0	$0
KRISHNA ROKA	BOARD	1.50	Director	$0	$0	$0
MARIA KINGSBURY	FA PRESIDENT, BOARD	30.00	Director	$4,000	$0	$4,000
MUMBI MWANGI	FA PRESIDENT, BOARD	40.00	Director	$4,000	$0	$4,000
OSCAR FLORES	FA PRESIDENT, BOARD	30.00	Director	$4,000	$0	$4,000
PATRICK CLIPSHAM	FA PRESIDENT, BOARD, SECRETARY	30.00	Officer Director	$4,000	$0	$4,000
SCOTT COOPER	BOARD	1.50	Director	$0	$0	$0
SEMYA HAKIM	BOARD	1.50	Director	$0	$0	$0
STACY VOELLER	BOARD	1.50	Director	$0	$0	$0
SHERRISE TRUESDALE	FA PRESIDENT, BOARD	40.00	Director	$4,000	$0	$4,000
CINDY HARLEY	FA PRESIDENT, BOARD	30.00	Director	$4,000	$0	$4,000
MATT RYG	BOARD	1.50	Director	$3,454	$0	$3,454
ALEC SONSTEBY	TREASURER, BOARD	1.50	Officer Director	$0	$0	$0
THOMAS DIRTH	FA PRESIDENT, BOARD	30.00	Director	$4,000	$0	$4,000
JOE RODGERS	BOARD	1.50	Director	$0	$0	$0
KATHLEEN COLE	BOARD	1.50	Director	$0	$0	$0
MAEGAN JONES	BOARD	1.50	Director	$0	$0	$0
CHARLES BINGEN	BOARD	1.50	Director	$0	$0	$0
RAYMOND MARTINEZ	BOARD	1.50	Director	$0	$0	$0
FAITH ERICSON	BOARD	1.50	Director	$0	$0	$0
JEN GOBLISH	BOARD	1.50	Director	$0	$0	$0
PATRICE ARSENEAULT	LABOR & EQUITY DIRECTOR	40.00	Highest	$139,800	$43,484	$183,284
KATHRYN ENGDAHL	LABOR & EQUITY OFFICER	40.00	Highest	$139,800	$47,797	$187,597
JON BOHN	DIRECTOR OF PUBLIC AFFAIRS	40.00	Highest	$139,712	$59,236	$198,948
DICK KASPARI	BENEFITS & EQUITY REPRESEN	40.00	Highest	$125,741	$41,868	$167,609

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	$2,246,705	$2,330,283	$4,924,091	$-83,578
2024	$2,174,702	$2,433,432	$4,811,471	$-258,730
2023	$2,182,530	$2,349,145	$4,862,169	$-166,615
2022	$2,176,744	$1,994,233	$4,843,709	$182,511
2021	$2,239,048	$1,981,888	$4,975,064	$257,160
2020	$2,221,833	$2,123,243	$4,449,807	$98,590
2019	$2,255,935	$1,995,104	$4,196,866	$260,831
2018	$2,158,357	$2,192,639	$3,838,318	$-34,282