ST CLOUD STATE UNIVERSITY FOUNDATI… - 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

1958

Legal Domicile

Principal Officer

MARK PARSONS

Phone

3203083177

Tax Period

2024-07-01 to 2025-06-30

ST CLOUD STATE UNIVERSITY FOUNDATION INC, founded in 1958, is a community nonprofit in the Education sector that reported $6.1M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $2.1M, a strong 34% operating margin.

Mission

THE FOUNDATION SERVES THE STUDENTS, FACULTY AND STAFF AT ST. CLOUD STATE UNIVERSITY BY ENGAGING INTERESTED ALUMNI AND FRIENDS IN SUPPORTING THE MISSION, PROGRAMS, AND GOALS OF THE UNIVERSITY. ST. CLOUD STATE UNIVERSITY IS A HIGHLY ACCREDITED REGIONAL COMPREHENSIVE UNIVERSITY THAT PROVIDES EXCELLENT EDUCATION AT AN AFFORDABLE PRICE FOR A DIVERSE STUDENT BODY. KEY AREAS OF SUPPORT INCLUDE SCHOLARSHIPS, FACULTY, PROGRAM, FACILITIES, AND EQUIPMENT.

Program Service Accomplishments

Program 1

Expenses: $1,535,489 Revenue: $0

SCHOLARSHIPS - THE FOUNDATION PROVIDES SCHOLARSHIP FUNDS TO THE UNIVERSITY TO AWARD TO DESERVING STUDENTS. OVER 1,000 SCHOLARSHIPS WERE AWARDED TO OVER 1,400 STUDENTS THROUGH THE EFFORTS OF THE...

SCHOLARSHIPS - THE FOUNDATION PROVIDES SCHOLARSHIP FUNDS TO THE UNIVERSITY TO AWARD TO DESERVING STUDENTS. OVER 1,000 SCHOLARSHIPS WERE AWARDED TO OVER 1,400 STUDENTS THROUGH THE EFFORTS OF THE FOUNDATION.

Program 2

Expenses: $988,567 Revenue: $0

DEPARTMENTAL SUPPORT - THE FOUNDATION PROVIDES SUPPORT TO THE COLLEGES AND DEPARTMENTS OF THE UNIVERSITY. OVER 150 UNITS OF THE UNIVERSITY BENEFIT FROM THESE EFFORTS.

Program 3

Expenses: $14,341 Revenue: $0

OTHER UNIVERSITY SUPPORT - THE FOUNDATION PROVIDES OTHER SUPPORT TO THE UNIVERSITY FOR VARIOUS OPERATIONAL AND PROGRAM PURPOSES.

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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 $2,508,400

Program Service Revenue $0

Investment Income $3,596,651

Other Revenue $21,064

TOTAL REVENUE $6,126,115

Expense Breakdown

Grants Paid $2,383,795

Salaries & Benefits $639,352

Fundraising Expenses $732,047

Program Expenses $2,538,397

Other Expenses $990,531

TOTAL EXPENSES $4,013,678

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,126,115	$6,545,221	-0.1%
Expenses	$4,013,678	$7,350,612	-0.5%
Net Income	$2,112,437	$-805,391	-3.6%

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

$377,205

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE MINGO	CHAIR	1.50	Officer Director	$0	$0	$0
CARRIE KARKI	VICE CHAIR	1.50	Officer Director	$0	$0	$0
JOHN HERGES	SECRETARY	1.50	Officer Director	$0	$0	$0
SCOTT ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
BARCLAY CARRIAR	TRUSTEE	1.00	Director	$0	$0	$0
CHARLIE EISENREICH	TRUSTEE	1.00	Director	$0	$0	$0
SANDY HANSEN-WOLFF	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTIN HEGLE	TRUSTEE	1.00	Director	$0	$0	$0
TODD JACKSON	TRUSTEE	1.00	Director	$0	$0	$0
PREETH JOHN	TRUSTEE	1.00	Director	$0	$0	$0
CHUCK SELL	TRUSTEE	1.00	Director	$0	$0	$0
NINA SKAGE	TRUSTEE	1.00	Director	$0	$0	$0
MIKE ROOS	TRUSTEE	1.50	Director	$0	$0	$0
PATRICIA SPARKS	TRUSTEE	1.00	Director	$0	$0	$0
LISA STARK	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS THIEBAUT	TRUSTEE	1.00	Director	$0	$0	$0
DOMINIC TURPIN	TRUSTEE	1.00	Director	$0	$0	$0
LYNNE WARNE	TRUSTEE	1.00	Director	$0	$0	$0
NICHOLAS KATONA	EXECUTIVE DIRECTOR - PART YEAR	18.80	Officer	$206,791	$32,020	$238,811
MARK PARSONS	EXECUTIVE DIRECTOR - AS OF 6/25	18.80	Officer	$0	$0	$0
CONNIE ROBINSON	DIRECTOR OF FINANCE	40.00	Officer	$105,344	$33,050	$138,394

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	$6,126,115	$4,013,678	$65,495,716	$2,112,437
2024	$6,545,221	$7,350,612	$60,245,590	$-805,391
2023	$4,586,966	$5,399,010	$55,996,709	$-812,044
2022	$10,818,973	$5,982,390	$54,919,652	$4,836,583
2021	$7,849,914	$4,444,310	$59,952,629	$3,405,604
2020	$7,112,601	$6,560,763	$49,647,274	$551,838
2019	$7,418,178	$6,256,660	$49,034,209	$1,161,518
2018	$8,070,352	$5,671,123	$47,725,238	$2,399,229

ST CLOUD STATE UNIVERSITY FOUNDATION INC