MINNESOTA-DAKOTAS KIWANIS EDUCATION AL FOUNDATION (EIN 416048395) - Form 990 Financial Analysis & Trantor Score

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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

1934

Legal Domicile

Principal Officer

LOWELL DISRUD

Phone

5079513880

Tax Period

2022-10-01 to 2023-09-30

MINNESOTA-DAKOTAS KIWANIS EDUCATION AL FOUNDATION, founded in 1934, is a micro nonprofit that reported $62K in total revenue in fiscal year 2022. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $91K exceeded revenue, resulting in a 47% operating deficit.

Mission

PROVIDE SCHOLARSHIPS TO SENIOR HIGH SCHOOL STUDENTS TO BE USED FOR SECONDARY EDUCATION. SCHOLARSHIP AWARDED BASED ON ABILITY, NEED AND PURPOSE WITHOUT DISCRIMINATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $26,497

Program Service Revenue $0

Investment Income $35,057

Other Revenue $0

TOTAL REVENUE $61,554

Expense Breakdown

Grants Paid $67,900

Salaries & Benefits $12,000

Fundraising Expenses $0

Program Expenses $74,190

Other Expenses $10,623

TOTAL EXPENSES $90,523

Year-over-Year Comparison

	2022	2021	Change
Revenue	$61,554	$222,307	-0.7%
Expenses	$90,523	$68,027	+0.3%
Net Income	$-28,969	$154,280	-1.2%

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

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

$12,000

Total Directors

$12,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK ZIERDT	SECRETARY/TR	15.00	Officer Director	$12,000	$0	$12,000
CINDY BRASETH	TRUSTEE	1.00	Director	$0	$0	$0
DENNIS CORNELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
LOWELL DISRUD	TRUSTEE	1.00	Director	$0	$0	$0
STEVE FORSETH	GOVERNOR/TRU	1.00	Director	$0	$0	$0
STEVE HANDEGAARD	GOVERNOR ELE	1.00	Director	$0	$0	$0
BILL LARDY	TRUSTEE	1.00	Director	$0	$0	$0
DAN LEIKVOLD	VICE-PRESIDE	1.00	Officer Director	$0	$0	$0
SHARON SCUDDER	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
2023	$61,554	$90,523	$1,046,289	$-28,969
2022	$222,307	$68,027	$1,036,745	$154,280
2021	$57,275	$63,565	$1,060,861	$-6,290
2020	$66,481	$75,192	$991,179	$-8,711
2018	$25,961	$83,061	$994,485	$-57,100

MINNESOTA-DAKOTAS KIWANIS EDUCATION AL FOUNDATION