CURTIS L CARLSON FAMILY FOUNDATION FOR THE UNIVERSITY OF MINNESOTA (EIN 411926767) - Form 990 Financial Analysis & Trantor Score

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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

1998

Legal Domicile

Principal Officer

C DAVID NELSON

Phone

9524045636

Tax Period

2023-01-01 to 2023-12-31

CURTIS L CARLSON FAMILY FOUNDATION FOR THE UNIVERSITY OF MINNESOTA, founded in 1998, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $622K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $702K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO CARRY OUT THE CHARITABLE AND EDUCATIONAL PURPOSES OF THE CARLSON SCHOOL OF MANAGEMENT AT THE UNIVERSITY OF MINNESOTA

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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 $0

Program Service Revenue $0

Investment Income $601,649

Other Revenue $20,000

TOTAL REVENUE $621,649

Expense Breakdown

Grants Paid $700,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $700,000

Other Expenses $1,848

TOTAL EXPENSES $701,848

Year-over-Year Comparison

	2023	2022	Change
Revenue	$621,649	$1,186,792	-0.5%
Expenses	$701,848	$837,166	-0.2%
Net Income	$-80,199	$349,626	-1.2%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
WENDY M NELSON	TRUSTEE	Director	$0	$0	$0
LEE SKOLD	TRUSTEE	Director	$0	$0	$0
MARTHA ARONSON	TRUSTEE	Director	$0	$0	$0
SCOTT GAGE	TRUSTEE	Director	$0	$0	$0
KODI VERHALEN	TRUSTEE	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	No data	No data	No data	No data
2023	$621,649	$701,848	$15,486,696	$-80,199
2022	$1,186,792	$837,166	$14,728,554	$349,626
2021	$1,603,221	$705,436	$16,938,206	$897,785
2020	$761,485	$669,308	$15,223,964	$92,177
2019	$1,847,699	$595,039	$13,983,137	$1,252,660
2018	$1,385,715	$561,602	$12,215,905	$824,113

CURTIS L CARLSON FAMILY FOUNDATION FOR THE UNIVERSITY OF MINNESOTA