LAC COURTE OREILLES OJIBWE UNIVERSITY (EIN 391453493) - Form 990 Financial Analysis & Trantor Score

🔒

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

1982

Legal Domicile

Principal Officer

KAREN BREIT

Phone

7156344790

Tax Period

2024-07-01 to 2025-06-30

LAC COURTE OREILLES OJIBWE UNIVERSITY, founded in 1982, is a mid-sized nonprofit that reported $18.6M in total revenue in fiscal year 2024. Revenue surged 105% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.3M, a strong 44% operating margin.

Mission

THE LAC COURTE OREILLES OJIBWE UNIVERSITY MISSION IS TO PROVIDE ANISHINAABE COMMUNITIES WITH POST-SECONDARY AND CONTINUING EDUCATION WHILE ADVANCING THE LANGUAGE, CULTURE, AND HISTORY OF THE OJIBWE. IN CARRYING OUT THE MISSION, THE LAC COURTE OREILLES OJIBWE UNIVERSITY CURRICULUM WILL REFLECT OJIBWE CULTURE AND TRIBAL SELF-DETERMINATION. THE UNIVERSITY WILL PROVIDE OPPORTUNITIES FOR INDIVIDUAL SELF-IMPROVEMENT IN A RAPIDLY CHANGING TECHNOLOGICAL WORLD, WHILE MAINTAINING THE CULTURAL INTEGRITY OF THE OJIBWE.

🔒

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 $17,215,571

Program Service Revenue $1,042,863

Investment Income $344,688

Other Revenue $-1,040

TOTAL REVENUE $18,602,082

Expense Breakdown

Grants Paid $957,864

Salaries & Benefits $5,703,213

Fundraising Expenses $0

Program Expenses $7,149,006

Other Expenses $3,674,511

TOTAL EXPENSES $10,335,588

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,602,082	$9,074,208	+1.0%
Expenses	$10,335,588	$9,294,295	+0.1%
Net Income	$8,266,494	$-220,087	-38.6%

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

163

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

$506,340

Total Directors

$45,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON BISONETTE	CHAIR	2.00	Officer Director	$6,500	$0	$6,500
MONICA ISHAM	VICE CHAIR	2.00	Officer Director	$6,500	$0	$6,500
DARYL COONS JR	SECRETARY	2.00	Officer Director	$6,500	$0	$6,500
MARIE BASTY	TREASURER	2.00	Officer Director	$6,500	$0	$6,500
KYLE VAN ACKER	DIRECTOR	2.00	Director	$6,500	$0	$6,500
GARY GERBER	DIRECTOR	2.00	Director	$6,500	$0	$6,500
MELISSA LEWIS	DIRECTOR	2.00	Director	$6,500	$0	$6,500
KAREN BREIT	PRESIDENT	40.00	Officer	$126,887	$13,729	$140,616
JODEE SMITH	CFO	40.00	Officer	$0	$0	$0
RUSSELL SWAGGER	PRESIDENT (THRU 4/25)	40.00	Officer	$197,130	$27,582	$224,712
LYDIA DENASHA	CFO (THRU 12/24)	40.00	Officer	$98,914	$16,098	$115,012

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	$18,602,082	$10,335,588	$29,413,978	$8,266,494
2024	$9,074,208	$9,294,295	$19,932,868	$-220,087
2023	$11,526,640	$9,708,191	$22,035,184	$1,818,449
2022	$14,781,512	$9,195,173	$22,739,955	$5,586,339
2021	$10,229,989	$7,774,725	$16,000,980	$2,455,264
2020	$6,081,847	$6,724,614	$11,566,602	$-642,767
2019	$5,562,061	$5,689,318	$10,177,089	$-127,257
2018	$5,184,950	$5,239,806	$10,290,020	$-54,856

LAC COURTE OREILLES OJIBWE UNIVERSITY