VERMILION CAMPUS FOUNDATION

EIN: 411351691 501(c)(3) Education

ELY, MN

Total Revenue
$226,315
Total Expenses
$115,758
Total Assets
$1,895,115
Net Assets
$1,894,908
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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
1979
Legal Domicile
MN
Principal Officer
SHERI ISRAEL
Phone
2182352166
Tax Period
2024-07-01 to 2025-06-30

VERMILION CAMPUS FOUNDATION, founded in 1979, is a small nonprofit in the Education sector that reported $226K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $111K, a strong 49% operating margin.

Mission

TO PROMOTE A STRONGER AWARENESS OF AND BOND BETWEEN VERMILION COMMUNITY COLLEGE AND THE COMMUNITIES IT SERVES; AND TO SEEK, ACCEPT, AND ADMINISTER FINANCIAL AND MATERIAL GIFTS FOR THE BENEFIT OF THE COLLEGE, ITS STUDENTS, AND THE COMMUNITIES. PRIMARY ACTIVITIES INCLUDE SCHOLARSHIP AWARDS AND SUPPORT FOR EDUCATIONAL PROGRAMMING.

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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 $165,620
Program Service Revenue $0
Investment Income $60,695
Other Revenue $0
TOTAL REVENUE $226,315

Expense Breakdown

Grants Paid $75,960
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $92,318
Other Expenses $39,798
TOTAL EXPENSES $115,758

Year-over-Year Comparison

2024 2023 Change
Revenue $226,315 $171,211 +0.3%
Expenses $115,758 $122,184 -0.1%
Net Income $110,557 $49,027 +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
7
Independent Members
7
Employees
N/A
Volunteers
15

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
7
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNE FOLZ DIRECTOR 1.00
Director
$0 $0 $0
CHAD BOEDEKER Secretary 1.00
Officer Director
$0 $0 $0
COLIN YAHNKE Director 1.00
Director
$0 $0 $0
DEB MILLER President 1.00
Officer Director
$0 $0 $0
DEREK LOSSING DIRECTOR 1.00
Director
$0 $0 $0
O'NIELL TEDROW Vice President 1.00
Officer Director
$0 $0 $0
TOM PUSTOVAR Treasurer 1.00
Officer Director
$0 $0 $0
TRENT JANEZICH EX OFFICIO 2.00
Officer
$0 $0 $0
ELIZABETH CHAPMAN Executive Dir. 30.00
Officer
$0 $0 $0
AARON BENDER EX OFFICIO 1.00
Officer
$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 $226,315 $115,758 $1,895,115 $110,557
2024 $171,211 $122,184 $1,679,440 $49,027
2023 $113,109 $102,398 $1,536,625 $10,711
2022 $422,170 $78,057 $1,442,704 $344,113
2021 $661,352 $125,789 $1,430,421 $535,563
2020 $195,409 $131,935 $1,005,413 $63,474
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