HASTINGS PUBLIC SCHOOLS 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

1997

Legal Domicile

Principal Officer

JEAN LANGLAIS

Phone

6514383789

Tax Period

2022-01-01 to 2022-12-31

HASTINGS PUBLIC SCHOOLS FOUNDATION, founded in 1997, is a micro nonprofit that reported $62K in total revenue in fiscal year 2022. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $42K, a strong 68% operating margin.

Mission

THE PURPOSE OF THE HASTINGS PUBLIC SCHOOLS FOUNDATION IS TO ENRICH EDUCATIONAL EXPERIENCES WITHIN THE HASTINGS, MINNESOTA PUBLIC SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $12,950

THE ORGANIZATION'S MAIN FOCUS HAS BEEN TO BUILD AN INITIAL 1 MILLION PERMANENT ENDOWMENT FUND. AS OF DECEMBER 31, 2004, THE FUND BALANCE SURPASSED THE INITIAL 1 MILLION GOAL. THE FUND WILL BE...

THE ORGANIZATION'S MAIN FOCUS HAS BEEN TO BUILD AN INITIAL 1 MILLION PERMANENT ENDOWMENT FUND. AS OF DECEMBER 31, 2004, THE FUND BALANCE SURPASSED THE INITIAL 1 MILLION GOAL. THE FUND WILL BE INVESTED SO AS TO PRESERVE ITS CAPITAL AND GENERATE STEADY INCOME AND LONG-TERM GROWTH. BEGINNING IN 2005 A PORTION OF THE INCOME IS BEING DISBURSED TO DISTRICT 200 EDUCATORS FOR PROGRAMS THAT PROMOTE AND ENHANCE EDUCATIONAL OPPORTUNITIES IN THE HASTINGS, MINNESOTA, PUBLIC SCHOOLS. SPECIFIC PROGRAM EXPENSES FOR 2022 INCLUDED SCHOLARSHIPS OF 12,950.

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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 (2022)

Revenue Breakdown

Contributions & Grants $26,941

Program Service Revenue $0

Investment Income $35,303

Other Revenue $0

TOTAL REVENUE $62,244

Expense Breakdown

Grants Paid $12,950

Salaries & Benefits $0

Fundraising Expenses $3,596

Program Expenses $12,950

Other Expenses $7,228

TOTAL EXPENSES $20,178

Year-over-Year Comparison

	2022	2021	Change
Revenue	$62,244	$78,039	-0.2%
Expenses	$20,178	$65,706	-0.7%
Net Income	$42,066	$12,333	+2.4%

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
LEON ENDRES	BOARD MEMBER	0.38	Director	$0	$0	$0
DR CHRIS JOHNSTON	BOARD MEMBER	0.10	Director	$0	$0	$0
JEAN LANGLAIS	TREASURER/SE	3.00	Officer Director	$0	$0	$0
RITA MOLITOR	BOARD MEMBER	0.38	Director	$0	$0	$0
JAKE MOORE	BOARD MEMBER	0.10	Director	$0	$0	$0
LESLIE NIELSEN	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
JIM REISSNER	BOARD MEMBER	0.38	Director	$0	$0	$0
JOYCE SIEBEN	BOARD MEMBER	0.38	Director	$0	$0	$0
JENNIFER SUEBERT	BOARD MEMBER	0.38	Director	$0	$0	$0
RICHARD WELSHONS	PRESIDENT	0.62	Officer 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
2022	$62,244	$20,178	$2,088,268	$42,066
2021	$78,039	$65,706	$2,346,498	$12,333
2020	$80,375	$47,005	$2,133,477	$33,370
2019	$95,097	$168,075	$1,957,367	$-72,978
2018	$145,220	$141,228	$1,806,693	$3,992