MILES AND SHIRLEY FITERMAN ENDOWMENT FUND

EIN: 412020392 501(c)(3)

ROCHESTER, MN

Total Revenue
$86,393
Total Expenses
$3,428,394
Total Assets
N/A
Net Assets
N/A
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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
MN
Principal Officer
Same as C above
Phone
5072845261
Tax Period
2020-01-01 to 2020-12-31

MILES AND SHIRLEY FITERMAN ENDOWMENT FUND, founded in 2001, is a micro nonprofit that reported $86K in total revenue in fiscal year 2020. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $3.4M exceeded revenue, resulting in a 3868% operating deficit.

Mission

Support research, practice, and education in the area of digestive diseases

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $4,695
Other Revenue $81,698
TOTAL REVENUE $86,393

Expense Breakdown

Grants Paid $3,428,394
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,428,394
Other Expenses $0
TOTAL EXPENSES $3,428,394

Year-over-Year Comparison

2020 2019 Change
Revenue $86,393 $129,460 -0.3%
Expenses $3,428,394 N/A N/A
Net Income $-3,342,001 $129,460 -26.8%
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

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Governance

Voting Members
4
Independent Members
N/A
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
0
$0
Total Directors
5
$1,233,703
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Valerie Herschman Co-Trustee 0.1
Director
$0 $0 $0
Shirley Fiterman Co-Trustee 0.1
Director
$0 $0 $0
David A Ahlquist Co-Trustee 0.1
Director
$0 $0 $0
Keith D Lindor Co-Trustee 0.1
Director
$0 $0 $0
Harry N Hoffman Executive Director 0.1
Director
$0 $33,578 $1,233,703
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
2020 $86,393 $3,428,394 No data $-3,342,001
2019 $129,460 No data $3,342,001 No data
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