Grand Itasca Foundation (EIN 411560554) - 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

Tax Period

2023-01-01 to 2023-12-31

Grand Itasca Foundation, founded in 1986, is a small nonprofit in the Health Care sector that reported $229K in total revenue in fiscal year 2023. Expenses of $203K left a modest 11% surplus.

Mission

To build philanthropic partnerships to support the mission of Grand Itasca Clinic and Hospital.

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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 $135,041

Program Service Revenue $0

Investment Income $1,415

Other Revenue $92,697

TOTAL REVENUE $229,153

Expense Breakdown

Grants Paid $186,196

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $186,196

Other Expenses $17,250

TOTAL EXPENSES $203,446

Year-over-Year Comparison

	2023	2022	Change
Revenue	$229,153	$237,361	0.0%
Expenses	$203,446	$234,208	-0.1%
Net Income	$25,707	$3,153	+7.2%

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

N/A

Volunteers

N/A

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

$6,175,198

Total Directors

$421,851

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Co-Chair	1.0	Officer Director	$0	$0	$0
N/A	Co-Chair	1.0	Officer Director	$0	$38,534	$182,522
N/A	Secretary, ended 12-31-23	1.0	Director	$0	$0	$0
N/A	Director, new 1-1-2023	1.0	Director	$0	$0	$0
N/A	Director, Ended 12-31-23	1.0	Director	$0	$5,833	$102,466
N/A	Director, new 1-1-2023	1.0	Director	$0	$0	$0
N/A	Secretary	1.0	Director	$0	$9,689	$136,863
N/A	Director, ended 12-31-23	1.0	Director	$0	$0	$0
N/A	Director, end 2022	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director, new 1-1-2023	1.0	Director	$0	$0	$0
N/A	Treasurer	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director, new 1-1-2023	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director, end 2022	1.0	Director	$0	$0	$0
N/A	Director, new 1-1-2023	1.0	Director	$0	$0	$0
N/A	Foundation Director	40.0	Officer	$0	$39,824	$172,829
N/A	Officer	1.0	Officer	$0	$38,307	$5,246,751
N/A	Officer	1.0	Officer	$0	$80,222	$573,096

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
2024	No data	No data	No data	No data
2023	$229,153	$203,446	$1,750,233	$25,707
2022	$237,361	$234,208	$1,724,500	$3,153
2021	$535,306	$117,663	$1,726,764	$417,643
2020	$482,819	$518,509	$1,302,928	$-35,690
2019	$735,415	$657,954	$1,086,497	$77,461
2018	$417,122	$1,446,786	$1,433,229	$-1,029,664

Grand Itasca Foundation