OWATONNA FOUNDATION INC

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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

1957

Legal Domicile

Principal Officer

DAVE RAMSEY

Phone

5074552995

Tax Period

2024-01-01 to 2024-12-31

OWATONNA FOUNDATION INC, founded in 1957, is a small nonprofit in the Education sector that reported $917K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $358K, a strong 39% operating margin.

Mission

TO PROVIDE MONEY GRANTS TO NON-PROFIT AGENCIES LOCATED IN STEELE COUNTY TO ACQUIRE PROPERTY & EQUIPMENT AND TO PROVIDE SCHOLARSHIPS TO LOCAL HIGH SCHOOL STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $411,538

TO PROVIDE MONEY GRANTS TO OTHER 501(C)(3) AGENCIES TO PURCHASE EQUIPMENT, MAKE IMPROVEMENTS, ETC. FOR THE COMMUNITY BETTERMENT, EDUCATIONAL, HEALTH, LITERARY, RECREATIONAL, SCIENTIFIC, MUSICAL, OR...

Program 2

Expenses: $28,000

TO PROVIDE SCHOLARSHIPS TO LOCAL HIGH SCHOOL GRADUATES AND OTHERS FOR CONTINUING SECONDARY EDUCATION.

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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 $395,756

Program Service Revenue $0

Investment Income $521,072

Other Revenue $0

TOTAL REVENUE $916,828

Expense Breakdown

Grants Paid $393,058

Salaries & Benefits $73,847

Fundraising Expenses $32,130

Program Expenses $439,538

Other Expenses $92,095

TOTAL EXPENSES $559,000

Year-over-Year Comparison

	2024	2023	Change
Revenue	$916,828	$761,379	+0.2%
Expenses	$559,000	$478,642	+0.2%
Net Income	$357,828	$282,737	+0.3%

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

Total Directors

$68,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARA MCKAY	EXECUTIVE SE	40.00	Director	$68,600	$0	$68,600
BRIAN BUNKERS	TRUSTEE	1.00	Director	$0	$0	$0
KIM COSENS	TRUSTEE	1.00	Director	$0	$0	$0
DAVID EINHAUS	TRUSTEE	1.00	Director	$0	$0	$0
DEB GILLARD	TRUSTEE	1.00	Director	$0	$0	$0
TODD HALE	TRUSTEE	1.00	Director	$0	$0	$0
BOB HEERS	TRUSTEE	1.00	Director	$0	$0	$0
LISA HYLAND	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL JENSEN	TRUSTEE	1.00	Director	$0	$0	$0
WES KAIN	TRUSTEE	1.00	Director	$0	$0	$0
NANCY KELLER	TRUSTEE	1.00	Director	$0	$0	$0
CHADWICK LANGE	TRUSTEE	1.00	Director	$0	$0	$0
CATHY MARTIN	TRUSTEE	1.00	Director	$0	$0	$0
CHERYL MEGER	TRUSTEE	1.00	Director	$0	$0	$0
JOSH MEILLIER	TRUSTEE	1.00	Director	$0	$0	$0
CAROL NELSON	TRUSTEE	1.00	Director	$0	$0	$0
DENNIS VON RUDEN	TRUSTEE	1.00	Director	$0	$0	$0
DAVID SEYKORA	TRUSTEE	1.00	Director	$0	$0	$0
JIM THON	TRUSTEE	1.00	Director	$0	$0	$0
TODD TROUT	TRUSTEE	1.00	Director	$0	$0	$0
DEAN VELZKE	TRUSTEE	1.00	Director	$0	$0	$0
BRANDON WAYNE	TRUSTEE	1.00	Director	$0	$0	$0
BOB WOTTRENG	TRUSTEE	1.00	Director	$0	$0	$0
GREGG DRAEGER	VICE PRESIDE	1.00	Officer	$0	$0	$0
THOMAS DUFRESNE	PAST PRESIDE	1.00	Officer	$0	$0	$0
ANDY MICHALETZ	SECRETARY-TR	1.00	Officer	$0	$0	$0
DAVE RAMSEY	PRESIDENT	1.00	Officer	$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
2024	$916,828	$559,000	$11,232,066	$357,828
2023	$761,379	$478,642	$10,116,921	$282,737
2022	$562,340	$311,423	$8,946,592	$250,917
2021	$1,553,980	$501,399	$10,156,678	$1,052,581
2020	$1,519,222	$574,555	$8,457,831	$944,667