NORTHWESTERN FOUNDATION

🔒

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

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

RONALD R HALVERSON

Phone

6516315100

Tax Period

2022-07-01 to 2023-06-30

NORTHWESTERN FOUNDATION, founded in 1996, is a small nonprofit that reported $206K in total revenue in fiscal year 2022. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $6.0M exceeded revenue, resulting in a 2834% operating deficit.

Mission

SECURE, RECEIVE, AND MANAGE GIFTS ON BEHALF OF THE UNIVERSITY NW - ST. PAUL AND OTHER CHARITIES.

Program Service Accomplishments

Program 1

Expenses: $5,892,589 Revenue: $68,552

TO SECURE, RECEIVE AND MANAGE PLANNED GIFTS ON BEHALF OF PUBLIC CHARITIES INCLUDING UNIVERSITY OF NORTHWESTERN - ST. PAUL, A CHRISTIAN, NOT-FOR-PROFIT EDUCATIONAL INSTITUTION WITH A MISSION TO EQUIP BELIEVERS TO GROW INTELLECTUALLY AND SPIRITUALLY, TO SERVE EFFECTIVELY IN THEIR PROFESSIONS, AND TO GIVE GOD-HONORING LEADERSHIP IN THE HOME, CHURCH, COMMUNITY AND WORLD THROUGH CHRIST-CENTERED HIGHER EDUCATION AND MEDIA. NORTHWESTERN MEDIA EXISTS TO LEAD PEOPLE TO CHRIST AND TO NURTURE BELIEVERS IN THEIR SPIRITUAL GROWTH THROUGH CHRIST-CENTERED MEDIA. AS A FOUNDATION ALSO SERVING THE COMMUNITY, THE FOUNDATION IS ABLE TO ASSIST IN CHARITABLE GIFT PLANNING THAT BENEFITS OTHER NOT-FOR-PROFIT ORGANIZATIONS WHOSE BELIEFS ALIGN WITH THE BELIEFS OR THE MISSION OF THE ORGANIZATION.

🔒

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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $112,882

Program Service Revenue $68,552

Investment Income $24,087

Other Revenue $0

TOTAL REVENUE $205,521

Expense Breakdown

Grants Paid $5,892,589

Salaries & Benefits $0

Fundraising Expenses $1,680

Program Expenses $5,892,589

Other Expenses $137,860

TOTAL EXPENSES $6,030,449

Year-over-Year Comparison

	2022	2021	Change
Revenue	$205,521	$1,039,494	-0.8%
Expenses	$6,030,449	$374,535	+15.1%
Net Income	$-5,824,928	$664,959	-9.8%

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

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

$507,593

Total Directors

$796,471

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARIN GLANZER	DIRECTOR	2.00	Director	$0	$0	$0
DR ALAN CURETON	DIRECTOR (THRU 7/22)	2.00	Director	$0	$22,360	$615,460
DR CORBIN HOORNBEEK	DIRECTOR	2.00	Director	$0	$13,069	$181,011
GROVER C SAYRE III	DIRECTOR	2.00	Director	$0	$0	$0
JOHN FORCE	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN ZWART	DIRECTOR	2.00	Director	$0	$0	$0
NANCY JOHNSON	SECRETARY	2.00	Officer Director	$0	$0	$0
RONALD HALVORSON	CHAIR	2.00	Officer Director	$0	$0	$0
STAN ERICKSON	DIRECTOR	2.00	Director	$0	$0	$0
DALE ENGSKOV	PRESIDENT (AS OF 12/22)	2.00	Officer	$0	$30,316	$103,900
DR APRIL MORETON	PRESIDENT (THRU 11/22)	2.00	Officer	$0	$35,570	$222,779
JOHN SOMMERVILLE	TREASURER	2.00	Officer	$0	$22,905	$180,914

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
2023	No data	No data	No data	No data
2023	$205,521	$6,030,449	No data	$-5,824,928
2022	$1,039,494	$374,535	$6,204,157	$664,959
2021	$670,414	$341,988	$7,043,108	$328,426
2020	$509,871	$661,554	$5,784,550	$-151,683
2019	$738,734	$1,154,128	$6,198,577	$-415,394
2018	$1,525,742	$665,886	$6,933,246	$859,856