EDWARD & JOSEPHINE WENDORF FOUNDATION

EIN: 416271710 501(c)(3)

DULUTH, MN

Total Revenue
$204,058
Total Expenses
$225,453
Total Assets
$3,595,907
Net Assets
$3,595,907
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
MN
Principal Officer
NORTH SHORE BANK OF COMMERCE
Phone
2187335506
Tax Period
2024-01-01 to 2024-12-31

EDWARD & JOSEPHINE WENDORF FOUNDATION, founded in 1986, is a small nonprofit that reported $204K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $225K exceeded revenue, resulting in a 10% operating deficit.

Mission

TO FUND THE FUNCTIONS OF AND TO CARRY OUT THE PURPOSES OF THE VAN GORDEN FUND OF THE MILLER DWAN FOUNDATION AND THE MILLER DWAN FOUNDATION.

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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 $0
Program Service Revenue $0
Investment Income $204,058
Other Revenue $0
TOTAL REVENUE $204,058

Expense Breakdown

Grants Paid $199,595
Salaries & Benefits $23,009
Fundraising Expenses $0
Program Expenses $205,347
Other Expenses $2,849
TOTAL EXPENSES $225,453

Year-over-Year Comparison

2024 2023 Change
Revenue $204,058 $156,877 +0.3%
Expenses $225,453 $170,356 +0.3%
Net Income $-21,395 $-13,479 +0.6%
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

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Governance

Voting Members
1
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
1
$23,009
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NORTH SHORE BANK OF COMMERCE TRUSTEE 1.00
Officer
$23,009 $0 $23,009
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 No data No data No data No data
2024 $204,058 $225,453 $3,595,907 $-21,395
2023 $156,877 $170,356 $3,613,703 $-13,479
2022 $61,631 $251,311 $3,625,258 $-189,680
2021 $270,761 $239,395 $3,815,841 $31,366
2020 $140,788 $224,739 $3,782,919 $-83,951
2019 $817,640 $162,972 $3,868,265 $654,668
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