ST PAUL TEACHERS RETIREMENT FUND ASSOCIATION

EIN: 410571990 Mutual Benefit

ST PAUL, MN

Total Revenue
$301,193,640
Total Expenses
$130,572,055
Total Assets
$1,473,241,708
Net Assets
$1,433,936,404
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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
1909
Legal Domicile
MN
Principal Officer
Phill Tencick
Phone
6516422550
Tax Period
2024-07-01 to 2025-06-30

ST PAUL TEACHERS RETIREMENT FUND ASSOCIATION, founded in 1909, is a major nonprofit in the Mutual Benefit sector that reported $301.2M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $170.6M, a strong 57% operating margin.

Mission

Retirement fund for St Paul school district teachers

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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 $0
Program Service Revenue $67,576,972
Investment Income $216,369,286
Other Revenue $17,247,382
TOTAL REVENUE $301,193,640

Expense Breakdown

Grants Paid $0
Salaries & Benefits $610,075
Fundraising Expenses $0
Program Expenses $127,732,660
Other Expenses $3,247,040
TOTAL EXPENSES $130,572,055

Year-over-Year Comparison

2024 2023 Change
Revenue $301,193,640 $203,381,680 +0.5%
Expenses $130,572,055 $130,311,259 +0.0%
Net Income $170,621,585 $73,070,421 +1.3%
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
10
Independent Members
10
Employees
6
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
1
$154,500
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Phillip Tencick Executive Director 40
Officer
$154,500 $0 $154,500
Michael McCollor Trustee 2
Director
$0 $0 $0
Karen Odegard Trustee 2
Director
$0 $0 $0
Lori Borgeson President 2
Director
$0 $0 $0
Matt Bogenschultz Trustee 2
Director
$0 $0 $0
Michael McKay Trustee 2
Director
$0 $0 $0
Margaret Schiller Treasurer 2
Director
$0 $0 $0
Thomas Koreltz Secretary 2
Director
$0 $0 $0
Stephanie Piganto Vice President 2
Director
$0 $0 $0
Karen Martinsen Trustee 2
Director
$0 $0 $0
Halla Henderson Ex-Officio 2
Director
$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 $301,193,640 $130,572,055 $1,473,241,708 $170,621,585
2024 $203,381,680 $130,311,259 $1,359,903,401 $73,070,421
2023 $97,462,633 $127,562,120 $1,224,412,795 $-30,099,487
2022 $156,236,974 $125,395,240 $1,157,197,813 $30,841,734
2021 $185,658,691 $122,958,009 $1,329,007,145 $62,700,682
2020 $81,351,043 $121,870,551 $1,041,740,185 $-40,519,508
2019 $132,777,154 $121,196,798 $1,084,101,638 $11,580,356
2018 $118,159,709 $120,378,390 $1,073,095,592 $-2,218,681
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