ST CROIX VALLEY 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

HEATHER LOGELIN

Phone

7153869490

Tax Period

2024-07-01 to 2025-06-30

ST CROIX VALLEY FOUNDATION, founded in 1995, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $57.8M in total revenue in fiscal year 2024. Revenue surged 687% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17.9M, a strong 31% operating margin.

Mission

THE MISSION OF THE ST. CROIX VALLEY FOUNDATION IS TO ENHANCE THE QUALITY OF LIFE IN THE ST. CROIX VALLEY.

Program Service Accomplishments

Program 1

Expenses: $39,056,129 Revenue: $409,246

THE ST. CROIX VALLEY FOUNDATION (SCVF) SERVES A SIX-COUNTY REGION ACROSS MINNESOTA AND WISCONSIN, STEWARDING NEARLY $125 MILLION IN PHILANTHROPIC ASSETS TO ADDRESS CURRENT NEEDS AND EMERGING...

THE ST. CROIX VALLEY FOUNDATION (SCVF) SERVES A SIX-COUNTY REGION ACROSS MINNESOTA AND WISCONSIN, STEWARDING NEARLY $125 MILLION IN PHILANTHROPIC ASSETS TO ADDRESS CURRENT NEEDS AND EMERGING CHALLENGES. THE SCVF MANAGES OVER 500 FUNDS AND FACILITATES MILLIONS IN ANNUAL GRANTS, RESULTING IN NEARLY $111 MILLION IN CUMULATIVE GRANTS AND SCHOLARSHIPS. THE SCVF SUPPORTS DONORS IN MAKING TAX-SMART, IMPACTFUL GIFTS THAT BENEFIT THE REGION FOR GENERATIONS, WHILE ALSO PROVIDING PROFESSIONAL ADVISORS WITH RESOURCES TO ENHANCE THEIR CLIENTS' PHILANTHROPIC PLANS. SCVF PARTNERS WITH NONPROFITS TO ESTABLISH AND GROW ENDOWED FUNDS, CREATING SUSTAINABLE FUNDING SOURCES FOR VITAL COMMUNITY WORK. GUIDED BY A FIVE-YEAR STRATEGIC PLAN, SCVF IS COMMITTED TO GROWING LONG-TERM ASSETS, EXPANDING GRANTMAKING, AND FOSTERING COLLABORATIONS TO MAXIMIZE REGIONAL IMPACT. WITH A FOCUS ON FLEXIBLE LEGACY GIVING, SCVF ENSURES ENDURING SUPPORT FOR THE REGION'S CHANGING NEEDS AND OPPORTUNITIES. LEARN MORE AT WWW.SCVFOUNDATION.ORG.

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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 $53,594,710

Program Service Revenue $426,437

Investment Income $3,735,205

Other Revenue $-1,212

TOTAL REVENUE $57,755,140

Expense Breakdown

Grants Paid $38,457,132

Salaries & Benefits $910,657

Fundraising Expenses $81,529

Program Expenses $39,056,129

Other Expenses $483,184

TOTAL EXPENSES $39,850,973

Year-over-Year Comparison

	2024	2023	Change
Revenue	$57,755,140	$7,340,302	+6.9%
Expenses	$39,850,973	$5,480,366	+6.3%
Net Income	$17,904,167	$1,859,936	+8.6%

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

Volunteers

180

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

$280,267

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER LOGELIN	EXECUTIVE DIRECTOR	40.00	Officer	$152,741	$24,676	$177,417
EMILY LOWNSBURY	VP OF FINANCE & OPERATIONS	40.00	Officer	$97,551	$5,299	$102,850
ANN HERZOG DREWISKE	CHAIR	10.00	Officer Director	$0	$0	$0
LINDA MADSEN	VICE CHAIR/SECRETARY	10.00	Officer Director	$0	$0	$0
DENNIS DUERST	TREASURER	2.00	Officer Director	$0	$0	$0
GREG BERNARD	BOARD MEMBER	2.00	Director	$0	$0	$0
RICK BONLENDER	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHELLE BREDAHL	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVE DZIUK	BOARD MEMBER	2.00	Director	$0	$0	$0
JESSICA EHRLICHMANN	BOARD MEMBER	2.00	Director	$0	$0	$0
JIM ELLIS	BOARD MEMBER	2.00	Director	$0	$0	$0
JUDY FREUND	BOARD MEMBER	2.00	Director	$0	$0	$0
MELANIE KLEISS-BOARD MEMBER	THRU 9/2024	2.00	Director	$0	$0	$0
DAN HOOLIHAN	BOARD MEMBER	2.00	Director	$0	$0	$0
CAMERON KELLY	BOARD MEMBER	2.00	Director	$0	$0	$0
GARY KELSEY	BOARD MEMBER	2.00	Director	$0	$0	$0
KATRINA LARSEN	BOARD MEMBER	2.00	Director	$0	$0	$0
TRACY MAKI	BOARD MEMBER	2.00	Director	$0	$0	$0
CLARENCE MALICK	BOARD MEMBER	2.00	Director	$0	$0	$0
MARSHA SHOTLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHEL TIGAN	BOARD MEMBER	2.00	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	$57,755,140	$39,850,973	$124,997,804	$17,904,167
2024	$7,340,302	$5,480,366	$99,265,159	$1,859,936
2023	$7,362,735	$4,748,473	$87,460,404	$2,614,262
2022	$14,379,195	$5,954,600	$77,504,280	$8,424,595
2021	$8,255,046	$4,117,026	$92,244,712	$4,138,020
2020	$6,843,617	$4,963,956	$70,035,301	$1,879,661
2019	$7,981,394	$3,445,037	$69,452,817	$4,536,357
2018	$5,218,366	$3,013,587	$64,812,735	$2,204,779