ROSEVILLE AREA SCHOOL DISTRICT 623 FOUNDATION

EIN: 411692126 501(c)(3) Community Improvement

ROSEVILLE, MN

Total Revenue
$82,879
Total Expenses
$69,670
Total Assets
$1,070,018
Net Assets
$1,070,018
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
MN
Principal Officer
LIZ ERICKSON MONSON
Phone
6516351600
Tax Period
2024-07-01 to 2025-06-30

ROSEVILLE AREA SCHOOL DISTRICT 623 FOUNDATION, founded in 1990, is a micro nonprofit in the Community Improvement sector that reported $83K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $13K, a strong 16% operating margin.

Mission

The foundation is organized & operated exclusively for educational purposes. The organization seeks to enhance the educational opportunities for students & residents of independent school district 623 by supporting programs within the district by receiving gifts & contributions & distributing grants to the 12 schools & the community education center located within the district.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $88,505
Program Service Revenue $0
Investment Income $630
Other Revenue $-6,256
TOTAL REVENUE $82,879

Expense Breakdown

Grants Paid $55,344
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $55,344
Other Expenses $14,326
TOTAL EXPENSES $69,670

Year-over-Year Comparison

2024 2023 Change
Revenue $82,879 $72,685 +0.1%
Expenses $69,670 $54,046 +0.3%
Net Income $13,209 $18,639 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
20

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
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LIZ ERICKSON MONSON VICECHAIR/CHAIR 4.00
Officer Director
$0 $0 $0
KEZIA REEDER CHAIR/PASTCHAIR 4.00
Officer Director
$0 $0 $0
BETHANY MAMMENGA Treasurer 4.00
Officer Director
$0 $0 $0
LAUREN BARTH Treasurer 3.00
Officer Director
$0 $0 $0
SARA SCHWEBS Secretary 3.00
Officer Director
$0 $0 $0
MEGAN WEBER VICE CHAIR 1.00
Officer Director
$0 $0 $0
BETH VOERMANS Director 1.00
Director
$0 $0 $0
BETH LINGREN CLARK Director 1.00
Director
$0 $0 $0
LINDSAY FONDOW Director 1.00
Director
$0 $0 $0
AARON KOMO Director 1.00
Director
$0 $0 $0
ERIC MJOLSNESS Director 1.00
Director
$0 $0 $0
HEATHER BESONEN Director 1.00
Director
$0 $0 $0
MARY BUSSMAN Director 1.00
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 $82,879 $69,670 $1,070,018 $13,209
2024 $72,685 $54,046 $975,086 $18,639
2023 $71,285 $62,420 $865,266 $8,865
2022 $61,464 $64,859 $815,621 $-3,395
2021 $80,247 $99,713 $862,851 $-19,466
2020 $111,990 $103,014 $677,144 $8,976
2019 $100,282 $113,427 $685,298 $-13,145
2018 $105,134 $110,199 $670,889 $-5,065
Explore More Nonprofits
Top 100 Nonprofits in Minnesota Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare ROSEVILLE AREA SCHOOL DISTRICT 623 FOUNDATION with other nonprofits in Minnesota and across the country.