NORTHWEST MINNESOTA FOUNDATION (EIN 411556013) - 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

1986

Legal Domicile

Principal Officer

KAREN WHITE

Phone

2187592057

Tax Period

2024-07-01 to 2025-06-30

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.

Mission

INVESTS RESOURCES, FACILITATES COLLABORATION AND PROMOTES PHILANTHROPY IN NW MN.

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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 $5,409,181

Program Service Revenue $604,563

Investment Income $4,997,546

Other Revenue $59,760

TOTAL REVENUE $11,071,050

Expense Breakdown

Grants Paid $4,169,436

Salaries & Benefits $3,086,042

Fundraising Expenses $1,114,298

Program Expenses $7,476,678

Other Expenses $2,894,328

TOTAL EXPENSES $10,149,806

Year-over-Year Comparison

	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%

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

970

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

$205,483

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

NORTHWEST MINNESOTA FOUNDATION