TRUSTEES OF THE HAMLINE UNIVERSITY OF MINNESOTA (EIN 410693960) - 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

1854

Legal Domicile

Principal Officer

DR MAYME HOSTETTER

Phone

6515232329

Tax Period

2024-07-01 to 2025-06-30

TRUSTEES OF THE HAMLINE UNIVERSITY OF MINNESOTA, founded in 1854, is a major nonprofit in the Education sector that reported $123.3M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $119.4M left a modest 3% surplus.

Mission

AT HAMLINE, OUR MISSION IS TO CREATE A DIVERSE AND COLLABORATIVE COMMUNITY OF LEARNERS DEDICATED TO THE DEVELOPMENT OF STUDENTS' KNOWLEDGE, VALUES, AND SKILLS FOR SUCCESSFUL LIVES OF LEADERSHIP, SCHOLARSHIP, AND SERVICE.

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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 $12,042,510

Program Service Revenue $100,142,880

Investment Income $10,961,459

Other Revenue $202,073

TOTAL REVENUE $123,348,922

Expense Breakdown

Grants Paid $47,448,607

Salaries & Benefits $36,514,335

Fundraising Expenses $1,563,980

Program Expenses $106,026,860

Other Expenses $35,357,949

TOTAL EXPENSES $119,357,117

Year-over-Year Comparison

	2024	2023	Change
Revenue	$123,348,922	$111,784,871	+0.1%
Expenses	$119,357,117	$113,880,271	+0.0%
Net Income	$3,991,805	$-2,095,400	-2.9%

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

1451

Volunteers

300

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

$1,156,864

Total Directors

$988,791

Key Employees

$926,491

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FAYNEESE MILLER	PAST PRESIDENT	40.00	Officer Director	$417,861	$45,226	$463,087
KATHLEEN MURRAY	PRESIDENT	40.00	Officer Director	$465,352	$60,352	$525,704
DORON CLARK '00	CHAIR	4.00	Officer Director	$0	$0	$0
ANDREA MOWERY '93	VICE CHAIR	2.00	Officer Director	$0	$0	$0
PAUL ABLAN '82	SECRETARY	2.00	Officer Director	$0	$0	$0
LISA CARRIERE '85	TREASURER	2.00	Officer Director	$0	$0	$0
PHILIP BELL	TRUSTEE	2.00	Director	$0	$0	$0
CHAD BESTER '02	TRUSTEE	2.00	Director	$0	$0	$0
JUSTIN BUTLER	TRUSTEE	2.00	Director	$0	$0	$0
PAUL DADLEZ JD '94	TRUSTEE	2.00	Director	$0	$0	$0
ROBIN DIETZ-MAYFIELD '77	TRUSTEE	2.00	Director	$0	$0	$0
BRYCE DOTY '88	TRUSTEE	2.00	Director	$0	$0	$0
JEANNA FORNERIS	TRUSTEE	2.00	Director	$0	$0	$0
CINDY GREGORSON '81	TRUSTEE	2.00	Director	$0	$0	$0
PATRICK HECTORNE '75	TRUSTEE	2.00	Director	$0	$0	$0
DENISE HOLLOMAN	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT KLAS JR '85	TRUSTEE	2.00	Director	$0	$0	$0
DANIEL LORITZ '69	TRUSTEE	2.00	Director	$0	$0	$0
MATTHEW MASSMAN '88	TRUSTEE	2.00	Director	$0	$0	$0
JOHN PACKARD '75	TRUSTEE	2.00	Director	$0	$0	$0
JOSEPH PESCHEK	TRUSTEE	2.00	Director	$0	$0	$0
LANETTE PLAMBECK	TRUSTEE (EX OFFICIO)	2.00	Director	$0	$0	$0
STEPHEN RICHARDS	TRUSTEE	2.00	Director	$0	$0	$0
ROBERTA SAUNDERS	TRUSTEE	2.00	Director	$0	$0	$0
MARCIA URBAN JD '82	TRUSTEE	2.00	Director	$0	$0	$0
ELLEN WATTERS	TRUSTEE	2.00	Director	$0	$0	$0
DON WEIDA '72	TRUSTEE	2.00	Director	$0	$0	$0
RICH WIEN '68	TRUSTEE	2.00	Director	$0	$0	$0
JAI WINSTON	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL WIRTH-DAVIS '07	TRUSTEE	2.00	Director	$0	$0	$0
BROOKE WORDEN '93	TRUSTEE	2.00	Director	$0	$0	$0
SUSAN KERRY	VP FOR FINANCE & ADMIN / CFO	40.00	Officer	$153,944	$14,129	$168,073
CATHERINE WASSBERG	VICE PRESIDENT & GENERAL COUNSEL	40.00	Key Emp	$290,048	$22,818	$312,866
ANDY RUNDQUIST	INTERIM PROVOST	40.00	Key Emp	$186,601	$14,420	$201,021
MARCELA KOSTIHOVA	DEAN OF COLLEGE OF LIBERAL ARTS	40.00	Key Emp	$167,734	$45,727	$213,461
HEIDI FISHER	VP OF DEVELOPMENT	40.00	Key Emp	$164,792	$34,351	$199,143
JILLIAM PETERSON	EXECUTIVE DIRECTOR - VPPRC	40.00	Highest	$171,164	$32,124	$203,288
PATTI KLEIN-KERSTEN	VP & DEAN OF STUDENTS	40.00	Highest	$149,294	$25,796	$175,090
L DEVRIESE	DIRECTOR OF GLOBAL ENGAGEMENT	40.00	Highest	$173,790	$23,966	$197,756
STANLEY SANDIFORD	ASSOCIATE GENERAL COUNCIL	40.00	Highest	$157,961	$25,491	$183,452
IRINA MAKAREVITCH	ASSOCIATE PROVOST	40.00	Highest	$128,451	$19,804	$148,255

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	$123,348,922	$119,357,117	$264,255,057	$3,991,805
2024	$111,784,871	$113,880,271	$254,559,352	$-2,095,400
2023	$113,620,836	$113,310,299	$247,164,650	$310,537
2022	$121,598,753	$114,463,094	$236,938,668	$7,135,659
2021	$118,390,066	$109,964,672	$258,196,075	$8,425,394
2020	$123,468,200	$120,221,627	$223,229,133	$3,246,573
2019	$128,785,865	$117,880,887	$220,865,590	$10,904,978
2018	$115,823,382	$115,082,754	$211,654,700	$740,628

TRUSTEES OF THE HAMLINE UNIVERSITY OF MINNESOTA