INVER HILLS COMMUNITY COLLEGE FOUNDATION (EIN 411410445) - 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

1978

Legal Domicile

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

CULTIVATE RESOURCES TO HELP STUDENTS START THEIR JOURNEY, STAY THE COURSE, AND SUCCEED IN LIFE.

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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 $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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$101,184

Total Directors

Key Employees

Highest Compensated

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

INVER HILLS COMMUNITY COLLEGE FOUNDATION