NORTH HENNEPIN COMMUNITY COLLEGE FOUNDATION (EIN 411431459) - 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

1981

Legal Domicile

Principal Officer

Mick Olson

Phone

7634240815

Tax Period

2024-07-01 to 2025-06-30

NORTH HENNEPIN COMMUNITY COLLEGE FOUNDATION, founded in 1981, is a small nonprofit that reported $659K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $124K, a strong 19% operating margin.

Mission

The mission of the North Hennepin Community College Foundation is to create access to quality educational opportunities by energizing and mobilizing community, college, and alumni resources on behalf of North Hennepin Community College.

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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 $589,363

Program Service Revenue $0

Investment Income $65,077

Other Revenue $5,058

TOTAL REVENUE $659,498

Expense Breakdown

Grants Paid $384,966

Salaries & Benefits $103,341

Fundraising Expenses $38,175

Program Expenses $425,398

Other Expenses $46,765

TOTAL EXPENSES $535,072

Year-over-Year Comparison

	2024	2023	Change
Revenue	$659,498	$958,755	-0.3%
Expenses	$535,072	$499,139	+0.1%
Net Income	$124,426	$459,616	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Laura Brandt	Ex-Officio	40.00	Highest	$0	$0	$105,079
Joseph Wallace	President	2.00	Officer Director	$0	$0	$0
Kelly Johnson	Vice President	2.00	Officer Director	$0	$0	$0
Mick Olson	Treasurer	2.00	Officer Director	$0	$0	$0
Stacie Haugen	Past President	2.00	Officer Director	$0	$0	$0
Ann Uhde	Secretary	2.00	Director	$0	$0	$0
Rolando Garcia	Ex-Officio	2.00	Director	$0	$0	$0
Ben Dossman	Director	1.00	Director	$0	$0	$0
Jim Dow	Director	1.00	Director	$0	$0	$0
Wendy Hanson	Director	1.00	Director	$0	$0	$0
Dave Kiser	Director	1.00	Director	$0	$0	$0
Duane Poppe	Director	1.00	Director	$0	$0	$0
Andy Berg	Director	1.00	Director	$0	$0	$0
Chip Norris	Director	1.00	Director	$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	$659,498	$535,072	$2,431,836	$124,426
2024	$958,755	$499,139	$2,199,107	$459,616
2023	$700,897	$453,153	$1,662,306	$247,744
2022	$836,236	$723,912	$1,315,869	$112,324
2021	$522,569	$509,661	$1,491,565	$12,908
2020	$761,981	$547,700	$1,276,695	$214,281
2019	$667,154	$515,322	$1,109,831	$151,832

NORTH HENNEPIN COMMUNITY COLLEGE FOUNDATION