MOUND FARM HOLDINGS 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

1928

Legal Domicile

Principal Officer

TODD OLSON

Phone

3193631323

Tax Period

2024-07-01 to 2025-06-30

MOUND FARM HOLDINGS INC, founded in 1928, is a mid-sized nonprofit in the Education sector that reported $52.6M in total revenue in fiscal year 2024. Expenses of $165.4M exceeded revenue, resulting in a 215% operating deficit.

Mission

CATHOLIC UNIVERSITY PROVIDING STUDENT FOCUSED BACCALAUREATE AND GRADUATE EDUCATION IN THE SPIRIT OF THE SISTERS OF MERCY. WELCOMES WOMEN AND MEN OF ALL BELIEFS TO JOIN THE COMMUNITY IN PURSUIT OF EDUCATION AND SERVICE TO THOSE IN NEED. PROMOTES REFLECTIVE JUDGMENT, STRATEGIC COMMUNICATION, THE COMMON GOOD AND PURPOSEFUL LIVING THROUGH A CORE CURRICULUM, LIBERAL ARTS AND PROFESSIONAL MAJORS AND STUDENT DEVELOPMENT PROGRAMS. STRIVE FOR EXCELLENCE IN ACCOMPLISHING OUR MISSION THROUGH FOUR INTERDEPENDENT GOALS: USING REFLECTIVE JUDGMENT, ENGAGING IN STRATEGIC COMMUNICATION, SERVING THE COMMON GOOD AND PROMOTING PURPOSEFUL LIVING.

Program Service Accomplishments

Program 1

Expenses: $109,268,325 Revenue: $43,148,544

INSTRUCTION: PROVIDE GRADUATE AND UNDERGRADUATE HIGHER EDUCATION IN PROGRAMS INCLUDING TRADITIONAL DAYTIME FORMAT, NON TRADITIONAL EVENING FORMAT, ONLINE, AND ACCELERATED EVENING AND WEEKEND FORMAT. DEGREES GRANTED INCLUDE MFT, MSN, MBA, MSL, MSSCM, MA AND MS IN EDUCATION, DMFT, AND DNP (GRADUATE PROGRAMS) AND BA, BS, BAS, BSN AND BBA (UNDERGRADUATE PROGRAMS). FOR FALL OF 2024, THERE WERE 1,021 TRADITIONAL, 16 ACCELERATED, 164 GRADUATE, 100 ONLINE TRADITIONAL, AND 101 ONLINE GRADUATE STUDENTS. TOTAL UNDERGRADUATE FTE WAS 1,074; GRADUATE FTE WAS 231.

Program 2

Expenses: $12,363,180 Revenue: $5,977,830

AUXILIARY SERVICES: PROVIDE RESIDENCE HALLS WITH CAPACITY OF 450 STUDENTS, MEALS (FOOD PLANS) FOR RESIDENTIAL AND NON-RESIDENTIAL STUDENTS AND BOOKSTORE FOR TEXTBOOK PURCHASES.

Program 3

Expenses: $12,807,425 Revenue: $0

ACADEMIC SUPPORT: PROVIDE ACADEMIC RESOURCES TO ALL STUDENTS INCLUDING LIBRARY SERVICES, COMPUTER CENTER AND LABS, ACADEMIC ASSISTANCE AND CAMPUS MINISTRIES.

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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 $2,417,721

Program Service Revenue $49,126,374

Investment Income $1,030,260

Other Revenue $-3,395

TOTAL REVENUE $52,570,960

Expense Breakdown

Grants Paid $134,919,489

Salaries & Benefits $16,604,536

Fundraising Expenses $625,783

Program Expenses $160,092,817

Other Expenses $13,733,775

TOTAL EXPENSES $165,350,480

Year-over-Year Comparison

	2024	2023	Change
Revenue	$52,570,960	$53,059,982	0.0%
Expenses	$165,350,480	$56,181,364	+1.9%
Net Income	$-112,779,520	$-3,121,382	+35.1%

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

723

Volunteers

250

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

$769,162

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES ROHDE	BOARD CHAIR & TRUSTEE	1.00	Officer Director	$0	$0	$0
MICHELE BUSSE	BOARD CHAIR-ELECT & TRUSTEE	1.00	Officer Director	$0	$0	$0
SISTER MARGARET WEIGEL	BOARD SECRETARY & TRUSTEE	1.00	Officer Director	$0	$0	$0
BRANDT WORLEY	IMMEDIATE PAST CHAIR & TRUSTEE	1.00	Officer Director	$0	$0	$0
BARBARA BARHAMAND	TRUSTEE	1.00	Director	$0	$0	$0
TERRI CHRISTOFFERSEN	TRUSTEE	1.00	Director	$0	$0	$0
TAMI CULVER	TRUSTEE	1.00	Director	$0	$0	$0
DR MELANIE GIESLER-SPELLMAN	TRUSTEE	1.00	Director	$0	$0	$0
MAGDA GOLOBIC	TRUSTEE	1.00	Director	$0	$0	$0
SISTER DELORES HANNON	TRUSTEE	1.00	Director	$0	$0	$0
RONALD HEROLD	TRUSTEE	1.00	Director	$0	$0	$0
NANCY KASPAREK	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT KAZIMOUR	TRUSTEE	1.00	Director	$0	$0	$0
DR RICHARD KETTELKAMP	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA KNAPP	TRUSTEE	1.00	Director	$0	$0	$0
JASON MILLER	TRUSTEE	1.00	Director	$0	$0	$0
JAMES NIKRANT	TRUSTEE	1.00	Director	$0	$0	$0
SISTER SUSAN O'CONNOR	TRUSTEE	1.00	Director	$0	$0	$0
SISTER LAURA REICKS	TRUSTEE	1.00	Director	$0	$0	$0
DR VINCENT REID	TRUSTEE	1.00	Director	$0	$0	$0
LEANN RIDGEWAY	TRUSTEE	1.00	Director	$0	$0	$0
JOHN RINDERKNECHT	TRUSTEE	1.00	Director	$0	$0	$0
DYAN SMITH	TRUSTEE	1.00	Director	$0	$0	$0
KRISTEN TROVAS	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL WEHR	TRUSTEE	1.00	Director	$0	$0	$0
DR RUTH WHITE	TRUSTEE	1.00	Director	$0	$0	$0
TODD OLSON	PRESIDENT	40.00	Officer	$258,030	$68,588	$326,618
BRENDA HAEFNER	VP DEV & ALUMNI RELAT. (THRU 4/24)	40.00	Officer	$107,722	$22,237	$129,959
TOM CASTLE	PROVOST	40.00	Officer	$134,586	$36,569	$171,155
BRITTNEY BURMAHL	VP FOR BUSINESS & FINANCE	40.00	Officer	$113,215	$28,215	$141,430
RITU SHANDILYA	ASSOC. PROF. OF COMP. & DATA SCIENCE	40.00	Highest	$102,452	$10,593	$113,045
JAY COLEMAN	VP ENROLLMENT & MARKETING	40.00	Highest	$135,084	$33,354	$168,438
KIM BRO	DEAN COLLEGE OF NURSING (THRU 1/25)	40.00	Highest	$121,647	$24,689	$146,336
TOM DOERMANN	VP FOR OPERATIONS	40.00	Highest	$133,332	$36,924	$170,256
JENNIFER RASMUSSEN	PROFESSOR OF EDUCATION & DEPT CHAIR	40.00	Highest	$103,564	$11,155	$114,719

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	$52,570,960	$165,350,480	No data	$-112,779,520
2024	$53,059,982	$56,181,364	$100,157,191	$-3,121,382
2023	$54,383,606	$57,406,187	$100,941,068	$-3,022,581
2023	$54,383,606	$57,406,187	$100,941,068	$-3,022,581
2022	$59,414,847	$57,525,174	$103,926,298	$1,889,673
2021	$59,721,106	$53,095,774	$108,024,860	$6,625,332
2020	$53,082,228	$51,419,471	$97,731,253	$1,662,757
2019	$50,997,354	$49,885,945	$95,861,530	$1,111,409
2018	$53,460,836	$48,298,479	$94,627,564	$5,162,357