HEDIN-HARTNAGEL MEMORIAL FUND (EIN 416159209) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1955

Legal Domicile

Principal Officer

ELIZABETH KNAPP

Phone

6513010474

Tax Period

2024-01-01 to 2024-12-31

HEDIN-HARTNAGEL MEMORIAL FUND, founded in 1955, is a micro nonprofit in the Education sector that reported $41K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $23K, a strong 57% operating margin.

Mission

TO PROVIDE LOW-INTEREST STUDENT LOANS TO RED WING HIGH SCHOOL GRADUATES FOR POST-SECONDARY EDUCATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,940

Program Service Revenue $11,128

Investment Income $21,191

Other Revenue $0

TOTAL REVENUE $41,259

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,499

Fundraising Expenses $0

Program Expenses $11,342

Other Expenses $6,270

TOTAL EXPENSES $17,769

Year-over-Year Comparison

	2024	2023	Change
Revenue	$41,259	$32,205	+0.3%
Expenses	$17,769	$15,948	+0.1%
Net Income	$23,490	$16,257	+0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

$11,499

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH KNAPP	PRESIDENT	3.00	Officer Director	$0	$0	$0
JIM LEISE	VICE-PRESIDENT	3.00	Officer Director	$0	$0	$0
STACY STEIN	TREASURER	3.00	Director	$0	$0	$0
TRACI SONJU	DIRECTOR	3.00	Director	$0	$0	$0
GRADY NELSON	DIRECTOR	3.00	Director	$0	$0	$0
ROSS LEXVOLD	DIRECTOR	3.00	Director	$0	$0	$0
STEVE BEECH	DIRECTOR	3.00	Director	$0	$0	$0
DOUG BAYLEY	DIRECTOR	3.00	Director	$0	$0	$0
MICK WENDLAND	DIRECTOR	3.00	Director	$0	$0	$0
MERIDITH WARDLE	DIRECTOR	3.00	Director	$0	$0	$0
JAKE BJORNSTAD	DIRECTOR	3.00	Director	$0	$0	$0
ERIN AUGUSTIN	EXECUTIVE SECRETARY	10.00	Director	$0	$0	$11,499

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	$41,259	$17,769	$1,109,272	$23,490
2023	$32,205	$15,948	$1,080,934	$16,257
2022	$17,737	$14,909	$1,064,474	$2,828
2021	$22,783	$14,575	$1,061,768	$8,208
2020	$27,310	$13,991	$1,053,416	$13,319

HEDIN-HARTNAGEL MEMORIAL FUND