MOUNT SAINT BENEDICT FOUNDATION

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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

1995

Legal Domicile

Principal Officer

SISTER MYRA SCHMIEG

Phone

2182811169

Tax Period

2023-07-01 to 2024-06-30

MOUNT SAINT BENEDICT FOUNDATION, founded in 1995, is a micro nonprofit that reported $3K in total revenue in fiscal year 2023. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $337K exceeded revenue, resulting in a 11555% operating deficit.

Mission

FINANCIAL DEVELOPMENT AND FURTHERANCE OF THE PURPOSES OF THE SISTERS OF ST. BENEDICT AND SIMILAR PROJECTS DESIGNED TO ASSIST THEIR WORK.

Program Service Accomplishments

Program 1

Expenses: $335,584

THE PURPOSE OF THE FOUNDATION IS PRIMARILY TO RAISE FUNDS FOR THE BENEFIT OF SISTERS OF ST. BENEDICT OF CROOKSTON AND ITS AFFILIATES.

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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 $972

Program Service Revenue $0

Investment Income $1,918

Other Revenue $0

TOTAL REVENUE $2,890

Expense Breakdown

Grants Paid $335,584

Salaries & Benefits $225

Fundraising Expenses $0

Program Expenses $335,584

Other Expenses $1,030

TOTAL EXPENSES $336,839

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,890	$1,105,881	-1.0%
Expenses	$336,839	$13,666,603	-1.0%
Net Income	$-333,949	$-12,560,722	-1.0%

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

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
SISTER JANE BECKER	PRESIDENT	1.00	Officer Director	$0	$0	$0
SISTER MYRA SCHMIEG	TREASURER	1.00	Officer Director	$0	$0	$0
DAN OLSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN YAGGIE	BOARD MEMBER	1.00	Director	$0	$0	$0
JACK ROBERTSON	BOARD MEMBER	1.00	Director	$0	$0	$0
SISTER KATHY KUCHAR	SECRETARY	1.00	Officer Director	$0	$0	$0
SISTER ANITA WHALEN	BOARD MEMBER	1.00	Director	$0	$0	$0
SUZANNE NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BRAD BREKKEN	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLEN FOLTZ	BOARD MEMBER	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
2024	$2,890	$336,839	No data	$-333,949
2023	$1,105,881	$13,666,603	$432,561	$-12,560,722
2022	$5,763,934	$708,841	$13,004,430	$5,055,093
2021	$1,547,220	$545,940	$15,228,162	$1,001,280
2020	$542,438	$568,128	$12,417,824	$-25,690
2019	$863,542	$337,328	$12,238,355	$526,214