Minnesota Council on Foundations

EIN: 411269275 501(c)(3)

Saint Paul, MN

Total Revenue
$6,431,608
Total Expenses
$3,582,987
Total Assets
$5,881,087
Net Assets
$5,673,606
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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
1975
Legal Domicile
MN
Principal Officer
Flor Frey
Phone
6123381989
Tax Period
2024-01-01 to 2024-12-31

Minnesota Council on Foundations, founded in 1975, is a community nonprofit that reported $6.4M in total revenue in fiscal year 2024. Revenue surged 115% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 44% operating margin.

Mission

Connecting, strengthening & mobilizing the power of philanthropy to advance prosperity & equity

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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 $6,139,055
Program Service Revenue $248,229
Investment Income $33,074
Other Revenue $11,250
TOTAL REVENUE $6,431,608

Expense Breakdown

Grants Paid $1,081,100
Salaries & Benefits $1,216,947
Fundraising Expenses $26,311
Program Expenses $3,161,119
Other Expenses $1,284,940
TOTAL EXPENSES $3,582,987

Year-over-Year Comparison

2024 2023 Change
Revenue $6,431,608 $2,992,673 +1.1%
Expenses $3,582,987 $1,799,884 +1.0%
Net Income $2,848,621 $1,192,789 +1.4%
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
18
Independent Members
18
Employees
12
Volunteers
120

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
$202,716
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jenny Johnson Board Chair 1.00
Officer Director
$0 $0 $0
Flor Trevino Frey Vice Chair 1.00
Officer Director
$0 $0 $0
Matt Stowell Treasurer 1.00
Officer Director
$0 $0 $0
Nate Dorr Secretary (Until 10/2024) 1.00
Officer Director
$0 $0 $0
Dee Baskin Member 1.00
Director
$0 $0 $0
Kevin Bennett Member 1.00
Director
$0 $0 $0
Sarah Berger Member 1.00
Director
$0 $0 $0
Catie Bitzan Amundsen Member 1.00
Director
$0 $0 $0
Ambar Hanson Member 1.00
Director
$0 $0 $0
Jennifer Higgins Member 1.00
Director
$0 $0 $0
Olivia Jefferson Member 1.00
Director
$0 $0 $0
Wakinyan LaPointe Member 1.00
Director
$0 $0 $0
Carolyn Link Member 1.00
Director
$0 $0 $0
Heather Logelin Member 1.00
Director
$0 $0 $0
Dominic Papatola Member 1.00
Director
$0 $0 $0
Mai-Anh Tran Member 1.00
Director
$0 $0 $0
John Wilgers Member 1.00
Director
$0 $0 $0
Katya Zepeda Member 1.00
Director
$0 $0 $0
Aaron Zimmerman Member 1.00
Director
$0 $0 $0
Susan Brown President 37.50
Officer
$175,806 $26,910 $202,716
Paul Masiarchin - VP Director of Member Services 37.50
Highest
$109,925 $16,171 $126,096
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 $6,431,608 $3,582,987 $5,881,087 $2,848,621
2023 $2,992,673 $1,799,884 $3,080,837 $1,192,789
2022 $3,511,463 $3,340,550 $1,994,364 $170,913
2021 $7,242,767 $6,960,628 $1,698,240 $282,139
2020 $2,250,561 $2,352,384 $1,666,356 $-101,823
2019 $2,143,159 $2,185,597 $1,773,314 $-42,438
2018 $2,018,250 $2,487,469 $2,051,851 $-469,219
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