BEMIDJI, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NORTHWEST MINNESOTA FOUNDATION, founded in 1986, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $11.1M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $10.1M left a modest 8% surplus.
THE NORTHWEST MINNESOTA FOUNDATION INVESTS RESOURCES, FACILITATES COLLABORATION, AND PROMOTE PHILANTHROPY TO MAKE THE REGION A BETTER PLACE TO LIVE AND WORK.
THE NORTHWEST MINNESOTA FOUNDATION (NMF) DEMONSTRATED REMARKABLE COMMITMENT AND IMPACT THROUGHOUT FISCAL YEAR 2025, FOSTERING GROWTH, CONNECTIVITY, AND COMMUNITY WELL-BEING IN THE REGION. THIS...
THE NORTHWEST MINNESOTA FOUNDATION (NMF) DEMONSTRATED REMARKABLE COMMITMENT AND IMPACT THROUGHOUT FISCAL YEAR 2025, FOSTERING GROWTH, CONNECTIVITY, AND COMMUNITY WELL-BEING IN THE REGION. THIS COMPREHENSIVE SUMMARY ENCOMPASSES THE CUMULATIVE RESULTS OF NMF ACTIVITIES AND SERVICES, SHOWCASING A DIVERSE RANGE OF INITIATIVES AIMED AT PHILANTHROPY, BUSINESS SUPPORT, AND MISSION-DRIVEN GRANTS.PHILANTHROPY: COMPONENT, COMMUNITY, AND SCHOLARSHIP FUNDS: NMF'S PHILANTHROPIC EFFORTS PLAYED A CENTRAL ROLE IN SHAPING THE REGION'S SOCIO-ECONOMIC LANDSCAPE. THE FOUNDATION DISPERSED A SUBSTANTIAL TOTAL OF $1.9 MILLION THROUGH ITS COMPONENT, COMMUNITY AND SCHOLARSHIP FUNDS, REFLECTING A COMPREHENSIVE APPROACH TO COMMUNITY DEVELOPMENT. SCHOLARSHIPS: A CUMULATIVE SUM OF $442K WAS DEDICATED TO PROVIDING 326 SCHOLARSHIPS, EMPHASIZING NMF'S COMMITMENT TO EDUCATION AND SKILL DEVELOPMENT. COMPONENT AND COMMUNITY FUNDS: A CUMULATIVE SUM OF $1.45M WAS GRANTED TO SUPPORT COMMUNITIES AND DONOR GIVING INTERESTS. THIS FUNDING BOLSTERED VARIOUS INITIATIVES, INCLUDING SENIOR LIVING, ANIMAL SHELTERS, BOY SCOUTS, ROTARIANS, COMMUNITY DEVELOPMENT, CHURCHES, HOMELESS SHELTERS, CONSERVATION, ARTS, MEDICAL CARE AND SERVICES, ENVIRONMENTAL AND RECREATION INITIATIVES, LOCAL CITIES, SCHOOL DISTRICTS, AND NONPROFIT ORGANIZATIONS REINFORCING NMF'S DEDICATION TO COMMUNITY DEVELOPMENT.
BUSINESS LOANS AND SUPPORT: NMF'S COMMITMENT TO ECONOMIC DEVELOPMENT MANIFESTED IN ROBUST SUPPORT FOR SMALL BUSINESSES, WITH A CUMULATIVE TOTAL OF $1.53M APPROVED ACROSS 75 LOANS THROUGHOUT THE...
BUSINESS LOANS AND SUPPORT: NMF'S COMMITMENT TO ECONOMIC DEVELOPMENT MANIFESTED IN ROBUST SUPPORT FOR SMALL BUSINESSES, WITH A CUMULATIVE TOTAL OF $1.53M APPROVED ACROSS 75 LOANS THROUGHOUT THE FISCAL YEAR. LOAN PROGRAMS INCLUDE SBA MICROLOANS: STRATEGIC USE OF THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM FACILITATED ECONOMIC GROWTH. EMERGING ENTREPRENEUR LOAN PROGRAM: THIS PROGRAM SUPPORTED A BUSINESS IN POLK COUNTY, CONTRIBUTING TO THE ECONOMIC VIBRANCY OF THE REGION.
MISSION-DRIVEN GRANTS - NMF MISSION-DRIVEN GRANTS WERE PIVOTAL IN ADDRESSING SOCIETAL CHALLENGES AND PROMOTING COMMUNITY RESILIENCE, WITH A CUMULATIVE TOTAL OF $1.34M (PY $4.15M) APPROVED THROUGHOUT...
MISSION-DRIVEN GRANTS - NMF MISSION-DRIVEN GRANTS WERE PIVOTAL IN ADDRESSING SOCIETAL CHALLENGES AND PROMOTING COMMUNITY RESILIENCE, WITH A CUMULATIVE TOTAL OF $1.34M (PY $4.15M) APPROVED THROUGHOUT FISCAL YEAR 2025. TRAINING AND EDUCATION GRANTS: SUPPORTING NONPROFIT ORGANIZATIONS CAPACITY-BUILDING INITIATIVES, CONFERENCES, PROGRAMMING, AND CONSULTANT SERVICES FOR BOARD AND STAFF DEVELOPMENT. DEI GRANTS: PROMOTING DIVERSITY, EQUITY, AND INCLUSION. HOMELESSNESS GRANTS: SUPPORTING TRANSPORTATION SERVICES FOR FAMILIES TO AREA SHELTERS AS NEEDED. HOUSING GRANTS: SUPPORTING MARKET RESEARCH AND DEVELOPMENT OF A REGION-WIDE WORKFORCE STUDY, HOUSING DEVELOPERS TRAINING, AND SPECIFIC COMMUNITY-DRIVEN HOUSING PROJECTS. INNOVATION GRANTS: SUPPORTING THE EXPANSION OF ADDITION-RELATED SERVICES AND INNOVATIVE SOLUTIONS TO REGIONAL CHALLENGES.CONCLUSION - THE CUMULATIVE IMPACT OF NMF 'S INITIATIVES THROUGHOUT FISCAL YEAR 2025 REFLECTS A FOUNDATION DEEPLY EMBEDDED IN THE FABRIC OF NORTHWEST MINNESOTA. FROM ROBUST PHILANTHROPIC EFFORTS, BOLSTERING EDUCATION, HEALTHCARE, AND CULTURAL ENDEAVORS, TO STRATEGIC SUPPORT FOR SMALL BUSINESSES AND INNOVATIVE MISSION-DRIVEN GRANTS, NMF HAS PLAYED A PIVOTAL ROLE IN SHAPING THE REGION'S ECONOMIC AND SOCIAL LANDSCAPE. AS THE FOUNDATION LOOKS FORWARD TO FUTURE ENDEAVORS, ITS COMMITMENT TO CONNECTING PEOPLE, PLACES, AND POSSIBILITIES REMAINS UNWAVERING, FOSTERING BOUNDLESS OPPORTUNITIES FOR THE RESIDENTS OF NORTHWEST MINNESOTA.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $11,071,050 | $13,002,983 | -0.1% |
| Expenses | $10,149,806 | $12,711,702 | -0.2% |
| Net Income | $921,244 | $291,281 | +2.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JASON CARLSON | CHAIR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRUCE REEVES | VICE CHAIR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| TODD BECKEL | TREASURER (THRU 11/24) | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| CONNIE LINDSTROM | TREASURER | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHERI GUNVALSON | SECRETARY | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| ALISHA EVERWIND | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| KAITLYN GRENIER | DIRECTOR (THRU 11/24) | 4.00 |
Director
|
$0 | $0 | $0 |
| CHRISTINE IMBRA | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| JILL JOHNSON | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| MIKE LAROQUE | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| KYLE LARSON | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| MICHELLE PAQUIN | DIRECTOR (THRU 11/24) | 4.00 |
Director
|
$0 | $0 | $0 |
| JACK SWANSON | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| KRISTI THORFINNSON | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| DEB ZAK | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| KAREN WHITE | PRESIDENT | 40.00 |
Officer
|
$195,698 | $9,785 | $205,483 |
| SHANNON MARTINUEAU JESME | SENIOR VP OF FINANCE AND ADMIN. | 40.00 |
Highest
|
$139,050 | $9,067 | $148,117 |
| MICHAEL NEUSSER | VP OF OPERATIONS | 40.00 |
Highest
|
$133,432 | $9,785 | $143,217 |
| CORY BOUSHEE | DIRECTOR OF PROGRAMS | 40.00 |
Highest
|
$106,261 | $9,242 | $115,503 |
| BRENDA BRUGGEMAN | CONTROLLER | 40.00 |
Highest
|
$119,474 | $7,168 | $126,642 |
| DAWN GANJE | SVP OF PHILANTHROPY | 40.00 |
Highest
|
$109,416 | $9,529 | $118,945 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $11,071,050 | $10,149,806 | $110,665,406 | $921,244 |
| 2024 | $13,002,983 | $12,711,702 | $103,397,318 | $291,281 |
| 2023 | $7,810,635 | $8,791,846 | $96,817,979 | $-981,211 |
| 2022 | $19,432,128 | $10,217,253 | $91,824,995 | $9,214,875 |
| 2021 | $11,498,947 | $9,615,039 | $98,196,551 | $1,883,908 |
| 2020 | $7,618,123 | $7,174,697 | $83,430,885 | $443,426 |
| 2019 | $8,970,860 | $7,139,073 | $79,827,885 | $1,831,787 |
| 2018 | $9,143,161 | $5,741,869 | $74,567,715 | $3,401,292 |
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