KELLEY PROFESSORSHIP TRUST

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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

1966

Legal Domicile

Principal Officer

SAME AS C ABOVE

Phone

8882657692

Tax Period

2023-01-01 to 2023-12-31

KELLEY PROFESSORSHIP TRUST, founded in 1966, is a micro nonprofit that reported $1K in total revenue in fiscal year 2023. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $59K exceeded revenue, resulting in a 4316% operating deficit.

Mission

SUPPORT WILLIAM MITCHELL COLLEGE OF LAW BY COVERING THE SALARY OF ONE FULLTIME INSTRUCTOR

Program Service Accomplishments

Program 1

Expenses: $48,122

PAYMENT TO WILLIAM MITCHELL COLLEGE OF LAW AS REQUIRED BY THE KELLEY PROFESSORSHIP TRUST

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,325

Other Revenue $15

TOTAL REVENUE $1,340

Expense Breakdown

Grants Paid $48,122

Salaries & Benefits $10,000

Fundraising Expenses $0

Program Expenses $48,122

Other Expenses $1,048

TOTAL EXPENSES $59,170

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,340	$89,030	-1.0%
Expenses	$59,170	$60,761	0.0%
Net Income	$-57,830	$28,269	-3.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	1.0		$10,000	$0	$10,000

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	$1,340	$59,170	$403,164	$-57,830
2022	$89,030	$60,761	$461,186	$28,269
2020	$16,419	$62,688	$454,860	$-46,269
2019	$17,647	$63,515	$501,138	$-45,868
2018	$53,970	$65,058	$547,072	$-11,088