MINNESOTA STATE COLLEGE SOUTHEAST FOUNDATION (EIN 411540247) - 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

1999

Legal Domicile

Principal Officer

TOM PASCH

Phone

5074532663

Tax Period

2023-07-01 to 2024-06-30

MINNESOTA STATE COLLEGE SOUTHEAST FOUNDATION, founded in 1999, is a community nonprofit in the Education sector that reported $3.4M in total revenue in fiscal year 2023. Revenue surged 578% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 60% operating margin.

Mission

TO ASSIST THE COLLEGE IN ACHIEVING EXCELLENCE IN TECHNICAL EDUCATION FOR EMPLOYMENT BY DEVELOPING FINANCIAL AND COMMUNITY RESOURCES FOR STUDENTS, EMPLOYERS AND COMMUNITIES WITHIN OUR SERVICE AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,927,392

Program Service Revenue $0

Investment Income $270,680

Other Revenue $169,912

TOTAL REVENUE $3,367,984

Expense Breakdown

Grants Paid $938,564

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,111,441

Other Expenses $394,046

TOTAL EXPENSES $1,332,610

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,367,984	$496,497	+5.8%
Expenses	$1,332,610	$553,132	+1.4%
Net Income	$2,035,374	$-56,635	-36.9%

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

$115,783

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYLE BLANCHARD	PRESIDENT	1.00	Officer Director	$0	$0	$0
TOM PASCH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
EMILY FOOS	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
ANDY KAISER	AT LARGE	1.00	Director	$0	$0	$0
YVETTE BURK	AT LARGE	1.00	Director	$0	$0	$0
BRIAN BAUMBICH	AT LARGE	1.00	Director	$0	$0	$0
ERIK LAWSON	AT LARGE	1.00	Director	$0	$0	$0
JERRY MILLER	AT LARGE	1.00	Director	$0	$0	$0
KARICE SISSON	AT LARGE	1.00	Director	$0	$0	$0
KEVIN MARTIN	AT LARGE	1.00	Director	$0	$0	$0
PATTY BROWN	AT LARGE	1.00	Director	$0	$0	$0
SCOTT HANNON	AT LARGE	1.00	Director	$0	$0	$0
TIM BORGEN	AT LARGE	1.00	Director	$0	$0	$0
JENNIFER HAWKINS	EXECUTIVE DIRECTOR	5.00	Officer	$0	$31,549	$115,783

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	No data	No data	No data	No data
2024	$3,367,984	$1,332,610	$7,088,778	$2,035,374
2023	$496,497	$553,132	$4,891,205	$-56,635
2022	$907,363	$951,322	$4,571,478	$-43,959
2021	$1,392,160	$520,774	$5,317,523	$871,386
2020	$784,335	$644,905	$4,418,426	$139,430
2019	$660,513	$590,302	$4,242,412	$70,211

MINNESOTA STATE COLLEGE SOUTHEAST FOUNDATION