INVER GROVE HEIGHTS BEST FOUNDATION

EIN: 411672077 501(c)(3) Education

INVER GROVE HEIGHTS, MN

Total Revenue
$300,884
Total Expenses
$230,800
Total Assets
$2,190,334
Net Assets
$1,978,285
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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
1992
Legal Domicile
MN
Principal Officer
CINDY NORDSTROM
Phone
6515528586
Tax Period
2024-07-01 to 2025-06-30

INVER GROVE HEIGHTS BEST FOUNDATION, founded in 1992, is a small nonprofit in the Education sector that reported $301K in total revenue in fiscal year 2024. Revenue surged 98% from the prior year, signaling strong growth momentum. The organization ran a surplus of $70K, a strong 23% operating margin.

Mission

TO RAISE AND AWARD FUNDS FOR POST-SECONDARY SCHOLARSHIPS TO SIMLEY HIGH SCHOOL GRADUATES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $182,808
Program Service Revenue $0
Investment Income $118,076
Other Revenue $0
TOTAL REVENUE $300,884

Expense Breakdown

Grants Paid $183,549
Salaries & Benefits $0
Fundraising Expenses $1,260
Program Expenses $183,549
Other Expenses $47,251
TOTAL EXPENSES $230,800

Year-over-Year Comparison

2024 2023 Change
Revenue $300,884 $152,202 +1.0%
Expenses $230,800 $123,349 +0.9%
Net Income $70,084 $28,853 +1.4%
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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
25

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH ZAISER DIRECTOR 1.00
Director
$0 $0 $0
MURESUK MENA DIRECTOR 1.00
Director
$0 $0 $0
DAVID BERNHARDSON EX-OFFICIO 1.00
Director
$0 $0 $0
JOE ATKINS DIRECTOR 1.00
Director
$0 $0 $0
RUTH SCOFIELD DIRECTOR 1.00
Director
$0 $0 $0
ALEX ANAYA SECRETARY 2.00
Officer Director
$0 $0 $0
CINDY NORDSTROM TREASURER 2.00
Officer Director
$0 $0 $0
SHANA DUKES VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
POLLY TABBERT PRESIDENT 8.00
Officer 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 $300,884 $230,800 $2,190,334 $70,084
2024 No data No data No data No data
2023 $166,035 $172,372 $1,870,855 $-6,337
2022 $511,637 $259,151 $1,876,254 $252,486
2021 $127,085 $170,912 $1,805,647 $-43,827
2020 $140,003 $166,318 $1,583,437 $-26,315
2019 $230,156 $153,799 $1,531,547 $76,357
2018 $222,043 $214,145 $1,476,299 $7,898
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