THIEF RIVER FALLS EDUCATION FOUNDATION (EIN 411680500) - 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

1990

Legal Domicile

Principal Officer

PAUL IHLE

Phone

2186818711

Tax Period

2024-07-01 to 2025-06-30

THIEF RIVER FALLS EDUCATION FOUNDATION, founded in 1990, is a small nonprofit in the Education sector that reported $509K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Net assets of $3.0M represent 71 months of operating reserves.

Mission

TO PROMOTE INNOVATIVE EDUCATIONAL OPPORTUNITIES IN SCHOOL DISTRICT 564

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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 $254,279

Program Service Revenue $0

Investment Income $222,603

Other Revenue $32,434

TOTAL REVENUE $509,316

Expense Breakdown

Grants Paid $343,732

Salaries & Benefits $135,739

Fundraising Expenses $0

Program Expenses $464,281

Other Expenses $42,606

TOTAL EXPENSES $522,077

Year-over-Year Comparison

	2024	2023	Change
Revenue	$509,316	$423,180	+0.2%
Expenses	$522,077	$438,280	+0.2%
Net Income	$-12,761	$-15,100	-0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULINE GUSTAFSON	DIRECTOR	3.00	Director	$0	$0	$0
AL BUHL	DIRECTOR	3.00	Director	$0	$0	$0
MIKE BARRY	DIRECTOR	3.00	Director	$0	$0	$0
SHANE ZUTZ	DIRECTOR	3.00	Director	$0	$0	$0
DARLA HEGGE	DIRECTOR	3.00	Director	$0	$0	$0
JAKE RANTANEN	DIRECTOR	3.00	Director	$0	$0	$0
DENICE NELSON	DIRECTOR	3.00	Director	$0	$0	$0
HOLLY HAUGEN	VICE PRESIDENT	3.00	Officer	$0	$0	$0
PAUL IHLE	PRESIDENT	3.00	Officer	$0	$0	$0
DAVE ONKKA	SECRETARY/TREASURER	3.00	Officer	$0	$0	$0
NATASHA REIERSON	EXECUTIVE DIRECTOR	40.00	Officer	$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	$509,316	$522,077	$3,001,917	$-12,761
2024	$423,180	$438,280	$2,895,459	$-15,100
2023	$448,855	$481,746	$2,698,531	$-32,891
2022	$431,242	$430,753	$2,647,580	$489
2021	$331,991	$372,722	$3,093,063	$-40,731
2020	$245,801	$374,951	$2,709,840	$-129,150
2019	$317,111	$321,166	$2,786,971	$-4,055
2018	$181,132	$372,560	$2,680,630	$-191,428

THIEF RIVER FALLS EDUCATION FOUNDATION