EDINA EDUCATION FUND

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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

2001

Legal Domicile

Principal Officer

KATHRYN RENDLEMAN

Phone

9528484900

Tax Period

2023-07-01 to 2024-06-30

EDINA EDUCATION FUND, founded in 2001, is a small nonprofit in the Education sector that reported $579K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

AS AN INDEPENDENT, MISSION-ALIGNED PARTNER WITH THE EDINA PUBLIC SCHOOLS, THE EDINA EDUCATION FUND SECURES INCREMENTAL FUNDING FOR DISTRICT-WIDE PROGRAMS AND SERVICES THAT STRENGTHEN ACADEMIC LEARNING AND SUPPORT THE WHOLE PERSON ON THEIR EDUCATIONAL JOURNEY.

Program Service Accomplishments

Program 1

Expenses: $353,231 Revenue: $3,620

GRANTS WERE MADE TO SEVERAL EDINA PUBLIC SCHOOL PROGRAMS WITH WHICH WE HAD EXISTING GRANT AGREEMENT, OR TO WHICH WE AWARDED A NEW GRANT DURING THE FISCAL YEAR.

Program 2

Expenses: $129,591 Revenue: $1,356

EDINA EDUCATION FUND ACTS AS A FISCAL SPONSOR FOR A NUMBER OF GROUPS AND SCHOLARSHIP RECIPIENTS THAT, IN VARIOUS WAYS, ENHANCE EDUCATION OPPORTUNITIES FOR EDINA PUBLIC SCHOOL STUDENTS. THE EDINA...

EDINA EDUCATION FUND ACTS AS A FISCAL SPONSOR FOR A NUMBER OF GROUPS AND SCHOLARSHIP RECIPIENTS THAT, IN VARIOUS WAYS, ENHANCE EDUCATION OPPORTUNITIES FOR EDINA PUBLIC SCHOOL STUDENTS. THE EDINA EDUCATION FUND ACCEPTS AND PROCESSES DONATIONS THAT ARE DESIGNATED TO THESE GROUPS, AND PROVIDES GRANTS MADE POSSIBLE BY THESE DONATIONS TO THESE GROUPS.

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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 $578,655

Program Service Revenue $4,976

Investment Income $537

Other Revenue $-5,232

TOTAL REVENUE $578,936

Expense Breakdown

Grants Paid $439,041

Salaries & Benefits $108,086

Fundraising Expenses $48,181

Program Expenses $482,822

Other Expenses $27,785

TOTAL EXPENSES $574,912

Year-over-Year Comparison

	2023	2022	Change
Revenue	$578,936	$482,525	+0.2%
Expenses	$574,912	$591,850	0.0%
Net Income	$4,024	$-109,325	-1.0%

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

$60,008

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICKI WILLIAMS	CHAIR	10.00	Officer Director	$0	$0	$0
JENNIFER PATTERSON	TREASURER	5.00	Officer Director	$0	$0	$0
SAM POTE	SECRETARY	5.00	Officer Director	$0	$0	$0
JESSIE FORSTON	DIRECTOR	5.00	Director	$0	$0	$0
ASHOK DHARIWAL	DIRECTOR	5.00	Director	$0	$0	$0
STEPHANIE BRAMAN	DIRECTOR	5.00	Director	$0	$0	$0
NICOLE MEEHAN	DIRECTOR	5.00	Director	$0	$0	$0
MOLLIE RITTER	DIRECTOR	5.00	Director	$0	$0	$0
HEATHER ENGLISH	DIRECTOR	5.00	Director	$0	$0	$0
LIZ GOLDMAN	DIRECTOR	5.00	Director	$0	$0	$0
ZACH HORN	DIRECTOR	5.00	Director	$0	$0	$0
SARAH IRWIN	DIRECTOR	5.00	Director	$0	$0	$0
DIANE LINDQUIST	DIRECTOR	5.00	Director	$0	$0	$0
AMY PAMPUSCH	DIRECTOR	5.00	Director	$0	$0	$0
KATHRYN RENDLEMAN	EXECUTIVE DIRECTOR	32.00	Officer	$60,008	$0	$60,008

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	No data	No data	No data	No data
2024	$578,936	$574,912	$269,195	$4,024
2023	$482,525	$591,850	$259,675	$-109,325
2022	$398,433	$436,856	$383,805	$-38,423
2021	$445,133	$361,472	$407,004	$83,661
2020	$370,514	$316,071	$337,946	$54,443
2019	$158,469	$291,619	$266,968	$-133,150