INVER HILLS COMMUNITY COLLEGE FOUNDATION

EIN: 411410445 501(c)(3) Education

INVER GROVE HEIGHTS, MN

Total Revenue
$506,050
Total Expenses
$364,809
Total Assets
$3,817,599
Net Assets
$3,803,410
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
MN
Principal Officer
KIMBERLY SHAFF
Phone
6514503512
Tax Period
2024-07-01 to 2025-06-30

INVER HILLS COMMUNITY COLLEGE FOUNDATION, founded in 1978, is a small nonprofit in the Education sector that reported $506K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $141K, a strong 28% operating margin.

Mission

THE INVER HILLS COMMUNITY COLLEGE FOUNDATION PROMOTES INVER HILLS COMMUNITY COLLEGE BY BUILDING PARTNERSHIPS WITH AREA HIGH SCHOOLS, BUSINESSES, COMMUNITY ORGANIZATIONS AND GOVERNMENT AGENCIES. WE BUILD CAPACITY BY SECURING FINANCIAL AND OTHER RESOURCES THAT FURTHER THE MISSION OF THE COLLEGE. WE ASSIST STUDENTS, FACULTY AND STAFF SEEKING EDUCATIONAL EXCELLENCE.

Program Service Accomplishments

Program 1
Expenses: $336,600 Revenue: $506,050

SCHOLARSHIP AND PROGRAMMATIC SUPPORT: DURING THE YEAR THE FOUNDATION FUNDED SCHOLARSHIPS, EMERGENCY GRANTS, AND MANY PROGRAMMATIC AREAS FOR GENERAL EDUCATION FOR THE TRANSFER PURPOSES AND SPECIFIC...

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SCHOLARSHIP AND PROGRAMMATIC SUPPORT: DURING THE YEAR THE FOUNDATION FUNDED SCHOLARSHIPS, EMERGENCY GRANTS, AND MANY PROGRAMMATIC AREAS FOR GENERAL EDUCATION FOR THE TRANSFER PURPOSES AND SPECIFIC ACADEMIC AREAS. THE SCHOLARSHIP CRITERIA SUPPORT DIFFERENT GOALS. SOME ARE USED TO ENCOURAGE STUDENTS TO PURSUE CERTAIN COURSES OF STUDY WHILE OTHERS ARE INTENDED TO PROVIDE AN INCENTIVE FOR STUDENTS TO PERSIST IN PURSUIT OF ACCOMPLISHING THEIR EDUCATIONAL GOALS. SCHOLARSHIPS ARE AWARDED ON THE BASIS OF ACADEMIC MERIT, CAREER GOALS, RECOMMENDATIONS, AND FINANCIAL NEEDS. PROGRAMMATIC FUNDS ARE USED TO SUPPORT NEEDS WITHIN THE COLLEGE TO FURTHER EDUCATIONAL OPPORTUNITIES.

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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 $264,587
Program Service Revenue $0
Investment Income $241,463
Other Revenue $0
TOTAL REVENUE $506,050

Expense Breakdown

Grants Paid $326,914
Salaries & Benefits $0
Fundraising Expenses $9,889
Program Expenses $336,600
Other Expenses $37,895
TOTAL EXPENSES $364,809

Year-over-Year Comparison

2024 2023 Change
Revenue $506,050 $446,191 +0.1%
Expenses $364,809 $362,764 +0.0%
Net Income $141,241 $83,427 +0.7%
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
11
Independent Members
11
Employees
N/A
Volunteers
5

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
$101,184
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN LONG CHAIR 1.00
Officer Director
$0 $0 $0
SCOTT ARMITAGE VICE CHAIR 1.00
Officer Director
$0 $0 $0
AARON LUNDQUIST FINANCE COMMITTEE CHAIR 1.00
Officer Director
$0 $0 $0
GERRY THOMAS TREASURER 1.00
Officer Director
$0 $0 $0
PEGGY JOHNSON DEVELOPMENT COMMITTEE CHAIR 1.00
Director
$0 $0 $0
GRETA BJERKNESS DIRECTOR 1.00
Director
$0 $0 $0
ZAHNIA HARUT DIRECTOR 1.00
Director
$0 $0 $0
ANDREW HOFFMAN DIRECTOR 1.00
Director
$0 $0 $0
JAKE SEDLACEK DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL BERNDT EX-OFFICIO 1.00
Director
$0 $0 $0
ELAINA BLEIFIELD EX-OFFICIO 1.00
Director
$0 $0 $0
KIMBERLY SHAFF EXECUTIVE DIRECTOR 20.00
Officer
$0 $0 $101,184
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 $506,050 $364,809 $3,817,599 $141,241
2024 $446,191 $362,764 $3,678,509 $83,427
2023 $562,128 $304,142 $3,499,172 $257,986
2022 $246,969 $285,365 $3,324,127 $-38,396
2021 $377,267 $331,119 $3,594,458 $46,148
2020 $365,019 $332,881 $3,074,953 $32,138
2019 $254,775 $401,579 $3,158,566 $-146,804
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