UNIVERSITY OF MINNESOTA FOUNDATION… - Form 990 Financial Data

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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

ANDREW BEHRENS

Phone

6127671251

Tax Period

2024-07-01 to 2025-06-30

UNIVERSITY OF MINNESOTA FOUNDATION INVESTMENT ADVISORS, founded in 1998, is a community nonprofit in the Education sector that reported $6.8M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE THE HIGHEST LEVEL OF STEWARDSHIP FOR UNIVERSITY DONORS THROUGH PROFESSIONAL MANAGEMENT AND OVERSIGHT OF THE UNIVERSITY OF MINNESOTA FOUNDATION'S ASSETS BY CREATING A FOCUSED INVESTMENT ENVIRONMENT WITH CLARITY OF PURPOSE, APPROPRIATE FLEXIBILITY, AND FREEDOM TO FOCUS ON INVESTMENT-RELATED ISSUES.

Program Service Accomplishments

Program 1

Expenses: $5,997,398 Revenue: $5,598,490

THE CORPORATION OVERSEES THE MANAGEMENT OF THE UNIVERSITY OF MINNESOTA FOUNDATION'S FINANCIAL ASSETS. THE UNIVERSITY OF MINNESOTA FOUNDATION (FOUNDATION) DETERMINED THAT THE GROWTH OF ITS ASSETS AND DIVERSIFICATION OF ITS PORTFOLIO NECESSITATE A MORE EFFECTIVE METHOD OF MANAGEMENT. THEREFORE, THE FOUNDATION CREATED THE CORPORATION IN 1998 TO BE SOLELY RESPONSIBLE FOR THE DAY-TO-DAY OVERSIGHT OF THE MANAGEMENT OF THE FOUNDATION'S ASSETS. THE CORPORATION'S STREAMLINED STRUCTURE ENABLES IT TO RETAIN A HIGH CALIBER CHIEF INVESTMENT OFFICER. IT ALSO ENABLES THE CORPORATION TO ATTRACT COMMUNITY BOARD MEMBERS WITH FINANCIAL EXPERTISE, TO MORE EFFECTIVELY UTILIZE THE FINANCIAL AND INVESTMENT EXPERTISE OF ITS BOARD MEMBERS, MORE RAPIDLY RESPOND TO CHANGING MARKET CONDITIONS, AND PROVIDE MORE EFFECTIVE OVERSIGHT OF THE ACTIVITIES OF ITS OUTSIDE INVESTMENT MANAGERS. THE CORPORATION ALSO PROVIDES SERVICES TO ONE OTHER CHARITABLE ORGANIZATION.

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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 $0

Program Service Revenue $6,765,603

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,765,603

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,470,320

Fundraising Expenses $0

Program Expenses $5,997,398

Other Expenses $1,295,283

TOTAL EXPENSES $6,765,603

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,765,603	$5,939,742	+0.1%
Expenses	$6,765,603	$5,939,742	+0.1%
Net Income	$0	$0	N/A

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

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

$2,172,017

Total Directors

$788,382

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN M SCHMIDLKOFER	DIRECTOR (UNTIL 5/1/2025)	0.40	Director	$0	$48,902	$788,382
JEFFREY V BAILEY	CHAIR/DIRECTOR (UNTIL 5/1/2025)	0.40	Officer Director	$0	$0	$0
DOUGLAS A NEIMANN	CHAIR/DIRECTOR	0.40	Officer Director	$0	$0	$0
PETER A VORBRICH	VICE CHAIR/DIRECTOR	0.40	Officer Director	$0	$0	$0
JACK HANSEN	DIRECTOR	0.40	Director	$0	$0	$0
SRIRAM LAKSHMINARAYANAN	DIRECTOR	0.40	Director	$0	$0	$0
ROSS LEVIN	DIRECTOR (UNTIL 5/1/2025)	0.40	Director	$0	$0	$0
JUDY MARES	DIRECTOR	0.40	Director	$0	$0	$0
JOHN MORRIS	DIRECTOR	0.40	Director	$0	$0	$0
MARCIA L PAGE	DIRECTOR (UNTIL 5/1/2025)	0.40	Director	$0	$0	$0
NII QUAYE	DIRECTOR	0.40	Director	$0	$0	$0
THERESA B WARD	DIRECTOR	0.40	Director	$0	$0	$0
ANDREW J BEHRENS	CHIEF INVESTMENT OFFICER & PRESIDENT	40.00	Officer	$1,233,698	$46,736	$1,280,434
CHRISTINE K SEARSON	SECRETARY/TREASURER	0.40	Officer	$0	$72,683	$460,969
AMANDA ESCEN	CHIEF OPERATING OFFICER	40.00	Officer	$357,869	$72,745	$430,614
JEFFREY M RODGERS	INVESTMENT DIRECTOR	40.00	Highest	$681,902	$71,454	$753,356
DANIEL J ARLANDSON	INVESTMENT DIRECTOR	40.00	Highest	$680,780	$56,941	$737,721
DAVID T WALKOSZ	DIRECTOR OF OPERATIONS	40.00	Highest	$260,299	$68,315	$328,614
GRANT LARSON	INVESTMENT ANALYST	40.00	Highest	$184,976	$46,838	$231,814
HOLLIE WILMA	ASSOCIATE DIRECTOR OF OPERATIONS	40.00	Highest	$111,882	$26,478	$138,360
DOUGLAS J GORENCE	FORMER CHIEF INVESTMENT OFFICER EMERITUS	0.00		$522,786	$20,543	$543,329

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	$6,765,603	$6,765,603	$3,926,749	No data
2024	$5,939,742	$5,939,742	$3,385,534	No data
2023	$5,661,243	$5,661,243	$3,669,619	No data
2022	$5,244,210	$5,244,210	$2,748,098	No data
2021	$4,451,007	$4,451,007	$2,789,430	No data
2020	$4,075,450	$4,075,450	$2,200,402	No data

UNIVERSITY OF MINNESOTA FOUNDATION INVESTMENT ADVISORS