MOUNT SAINT BENEDICT FOUNDATION

EIN: 411813425 501(c)(3)

CROOKSTON, MN

Total Revenue
$2,890
Total Expenses
$336,839
Total Assets
N/A
Net Assets
N/A
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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
MN
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.

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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 (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

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Governance

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

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
3
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
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
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