CLOQUET EDUCATIONAL FOUNDATION

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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

1985

Legal Domicile

Principal Officer

JODY ACERS

Phone

2188793806

Tax Period

2023-09-01 to 2024-08-31

CLOQUET EDUCATIONAL FOUNDATION, founded in 1985, is a small nonprofit that reported $495K in total revenue in fiscal year 2023. Revenue surged 116% from the prior year, signaling strong growth momentum. The organization ran a surplus of $275K, a strong 56% operating margin.

Mission

TO PROVIDE OPPORTUNITIES FOR ACADEMIC, ARTISTIC, ATHLETIC, CULTURAL AND SOCIAL GROWTH FOR CHILDREN AND YOUTH IN THE CLOQUET PUBLIC SCHOOL DISTRICT BY FINANCIALLY SUPPORTING PROGRAMS AND ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $153,477

TO PROVIDE FINANCIAL AND OTHER SUPPORT TO EDUCATIONAL PROGRAMS AND EXPERIENCES WITHIN THE CLOQUET SCHOOL DISTRICT. FOR THE 202324 FY, THE CEF GRANTED 88,787 SERVING OVER HALF THE STUDENTS IN THE...

TO PROVIDE FINANCIAL AND OTHER SUPPORT TO EDUCATIONAL PROGRAMS AND EXPERIENCES WITHIN THE CLOQUET SCHOOL DISTRICT. FOR THE 202324 FY, THE CEF GRANTED 88,787 SERVING OVER HALF THE STUDENTS IN THE CLOQUET DISTRICT, MANY OF WHICH QUALIFY FOR FREE AND REDUCED LUNCH. IN 2023 24 THE CEF FUNDED OVER 53 PROGRAMS AND/OR INITIATIVES.

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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 $153,028

Program Service Revenue $0

Investment Income $318,384

Other Revenue $23,512

TOTAL REVENUE $494,924

Expense Breakdown

Grants Paid $88,787

Salaries & Benefits $78,631

Fundraising Expenses $59,753

Program Expenses $153,477

Other Expenses $52,364

TOTAL EXPENSES $219,782

Year-over-Year Comparison

	2023	2022	Change
Revenue	$494,924	$228,858	+1.2%
Expenses	$219,782	$217,712	+0.0%
Net Income	$275,142	$11,146	+23.7%

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

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

$50,142

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JODY ACERS	EXECUTIVE DI	25.00	Officer	$50,142	$0	$50,142
KARIN SABYAN	PRESIDENT	0.30	Officer Director	$0	$0	$0
JENNY BLATCHFORD	VICE PRESIDE	0.30	Officer Director	$0	$0	$0
MAKENZIE STAFFORD	TREASURER	0.30	Officer Director	$0	$0	$0
RYANNE BATTAGLIA	DIRECTOR	0.30	Director	$0	$0	$0
LAURA HANSEN	DIRECTOR	0.30	Director	$0	$0	$0
MARY JANE LUNDBERG	DIRECTOR	0.30	Director	$0	$0	$0
DICK BRENNER	DIRECTOR	0.30	Director	$0	$0	$0
SARAH BUHS	DIRECTOR	0.30	Director	$0	$0	$0
DEL PREVOST	DIRECTOR	0.30	Director	$0	$0	$0
DAVID PRITCHETT	DIRECTOR	0.30	Director	$0	$0	$0
ADRIENNE STRICKLAND	DIRECTOR	0.30	Director	$0	$0	$0
TOM PROULX	DIRECTOR	0.30	Director	$0	$0	$0
MATT YORSTON	DIRECTOR	0.30	Director	$0	$0	$0
STEVE MICKE	DIRECTOR	0.30	Director	$0	$0	$0
JEN OWENS	DIRECTOR	0.30	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	No data	No data	No data	No data
2024	$494,924	$219,782	$3,049,302	$275,142
2023	$228,858	$217,712	$2,659,711	$11,146
2022	$390,199	$203,410	$2,538,152	$186,789
2021	$383,018	$157,107	$3,025,870	$225,911
2020	$216,056	$156,402	$2,453,560	$59,654
2019	$247,033	$173,561	$2,207,357	$73,472
2018	$209,559	$161,365	$2,157,241	$48,194