MINNESOTA LIONS VISION FOUNDATION INC

EIN: 416026488 501(c)(3)

SAINT PAUL, MN

Total Revenue
$9,389,998
Total Expenses
$7,961,977
Total Assets
$9,868,150
Net Assets
$8,127,664
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
MN
Principal Officer
DR WENDY GOLDSMITH
Phone
7637548921
Tax Period
2024-07-01 to 2025-06-30

MINNESOTA LIONS VISION FOUNDATION INC, founded in 1963, is a community nonprofit that reported $9.4M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 15% operating margin.

Mission

TO IMPROVE VISION BY PROVIDING FISCAL OVERSIGHT AND OPERATING FUNDS FOR THE MN LIONS EYE BANK, BY RAISING FUNDS FOR THE UNIVERSITY OF MINNESOTA DEPARTMENT OF OPHTHALMOLOGY PRIORITIES, AND BY EDUCATION THE PUBLIC ABOUT EYE DONATIONS

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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 (2024)

Revenue Breakdown

Contributions & Grants $237,538
Program Service Revenue $9,140,407
Investment Income $12,053
Other Revenue $0
TOTAL REVENUE $9,389,998

Expense Breakdown

Grants Paid $315,983
Salaries & Benefits $4,607,588
Fundraising Expenses $26,242
Program Expenses $7,444,497
Other Expenses $3,038,406
TOTAL EXPENSES $7,961,977

Year-over-Year Comparison

2024 2023 Change
Revenue $9,389,998 $7,411,873 +0.3%
Expenses $7,961,977 $6,993,506 +0.1%
Net Income $1,428,021 $418,367 +2.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
24
Independent Members
24
Employees
N/A
Volunteers
20000

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
4
$0
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WENDY GOLDSMITH CHAIR 5.00
Officer Director
$0 $0 $0
NANCY MATHWIG SECRETARY 20.00
Officer Director
$0 $0 $0
SCOTT GROVE TREASURER 15.00
Officer Director
$0 $0 $0
JEFF FENSKE LEGAL CONSULTANT 5.00
Officer Director
$0 $0 $0
HILARY WICKENHAUSER TRUSTEE 1.00
Director
$0 $0 $0
JIM HOYT TRUSTEE 1.00
Director
$0 $0 $0
CRAIG SCHELLBERG TRUSTEE 1.00
Director
$0 $0 $0
BOB NYRE TRUSTEE 1.00
Director
$0 $0 $0
STEVE LINDER TRUSTEE 1.00
Director
$0 $0 $0
PATTY PURATH TRUSTEE 1.00
Director
$0 $0 $0
JORDAN HAUKOS-LAMB TRUSTEE 1.00
Director
$0 $0 $0
JAMES ARVIDSON TRUSTEE 1.00
Director
$0 $0 $0
ALLEN STRUCK TRUSTEE 1.00
Director
$0 $0 $0
ROB WIENER TRUSTEE 1.00
Director
$0 $0 $0
KATHY BARCLAY TRUSTEE 1.00
Director
$0 $0 $0
JOANN VAUGHAN TRUSTEE 1.00
Director
$0 $0 $0
SHERRI SCHMITZ TRUSTEE 1.00
Director
$0 $0 $0
JOE JUETTNER TRUSTEE 1.00
Director
$0 $0 $0
CHRIS CORREIA TRUSTEE 1.00
Director
$0 $0 $0
DAVID DANIELSON TRUSTEE 1.00
Director
$0 $0 $0
STEVE CARON TRUSTEE 1.00
Director
$0 $0 $0
RESSANO MACHADO TRUSTEE 1.00
Director
$0 $0 $0
JACK KRAGE TRUSTEE 1.00
Director
$0 $0 $0
RON TIERNAN TRUSTEE 1.00
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
2025 $9,389,998 $7,961,977 $9,868,150 $1,428,021
2024 No data No data No data No data
2023 $7,123,575 $6,803,396 $7,478,270 $320,179
2022 $7,087,055 $6,025,252 $6,721,552 $1,061,803
2021 $6,988,749 $5,693,740 $6,190,327 $1,295,009
2020 $5,195,417 $5,290,409 $4,417,026 $-94,992
2019 $5,600,360 $5,334,691 $4,347,116 $265,669
2018 $5,394,801 $5,288,795 $3,821,693 $106,006
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