MINOT STATE ALUMNI INC C/O MSU ADM… - Form 990 Financial Data

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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

1914

Legal Domicile

Principal Officer

RICK HEDBERG

Phone

7018583368

Tax Period

2024-07-01 to 2025-06-30

MINOT STATE ALUMNI INC C/O MSU ADMINISTRATION BLDG, founded in 1914, is a small nonprofit that reported $151K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $48K, a strong 32% operating margin.

Mission

TO FOSTER, PROMOTE, AID AND ASSIST IN CONTINUED IMPROVEMENT AND MAINTENANCE OF HIGH EDUCATIONAL STANDARDS OF MINOT STATE UNIVERSITY; TO RECEIVE FUNDS AND PROPERTIES THROUGH GIFTS, DEVISES, BEQUESTS, GRANTS AND OTHER LAWFUL MEANS; TO SPONSOR AND PROVIDE ACADEMIC SCHOLARSHIPS AND GRANTS; AND TO GENERALLY PROMOTE AND DO SUCH THINGS AS ARE DEEMED ADVISABLE FOR THE CONTINUED WELL-BEING AND GOOD OF MINOT STATE UNIVERSITY, ITS STUDENTS, ALUMNI, FACULTY, CURRICULUM, SPECIAL ACTIVITIES, FUNCTIONS, RESEARCH AND PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $27,735

OUTREACH - ENHANCEMENT OF RELATIONSHIPS WITH CONSTITUENT GROUPS, INCLUDING CURRENT STUDENTS AND LARGER GROUPS. ACTIVITIES INCLUDE IN AND OUT OF STATE EVENTS WITH ALUMNI TO ENHANCE RELATIONSHIPS AND...

Program 2

Expenses: $27,448

PROMOTIONS - INCLUDES SUPPORT AND RECOGNITION OF VARIOUS GROUPS AND PROGRAMS. ACTIVITIES INCLUDE THE GOLDEN AWARDS, WHICH RECOGNIZE INFLUENTIAL PEOPLE IN THE COMMUNITY, STATE AND NATION WHO HAVE BEEN...

Program 3

Expenses: $48,066

EVENTS - PLANNING AND PROMOTION OF MSU ALUMNI ACTIVITES.

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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 $17,464

Program Service Revenue $0

Investment Income $834

Other Revenue $133,092

TOTAL REVENUE $151,390

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $103,249

Other Expenses $83,249

TOTAL EXPENSES $103,249

Year-over-Year Comparison

	2024	2023	Change
Revenue	$151,390	$181,501	-0.2%
Expenses	$103,249	$166,250	-0.4%
Net Income	$48,141	$15,251	+2.2%

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

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

$73,122

Total Directors

$73,975

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICIA ESLINGER	DIRECTOR	0.30	Director	$0	$0	$0
AUDRA BUTLER	DIRECTOR	0.30	Director	$0	$0	$0
BRANDI FJELD	DIRECTOR	0.30	Director	$0	$5	$853
BRITT VALDEZ	DIRECTOR	0.30	Director	$0	$0	$0
DANIELLE RUED	PRESIDENT	0.30	Officer Director	$0	$0	$0
GREG FJELD	DIRECTOR	0.30	Director	$0	$0	$0
JAIMIE BRUNNER	DIRECTOR	0.30	Director	$0	$0	$0
JAMIE HAMMER	VP OF EVENTS	0.30	Officer Director	$0	$23,119	$73,122
JANELLE VERHEY	DIRECTOR	0.30	Director	$0	$0	$0
KARI LYSNE	DIRECTOR	0.30	Director	$0	$0	$0
KATELYN FORNSHELL	DIRECTOR	0.30	Director	$0	$0	$0
KATELYN RICHTER	DIRECTOR	0.30	Director	$0	$0	$0
LEXI CLARK	DIRECTOR	0.30	Director	$0	$0	$0
MARISA ALBERTSON	DIRECTOR	0.30	Director	$0	$0	$0
MATT YALE	VP OF PROMOTIONS	0.30	Officer Director	$0	$0	$0
MCKENNA GUDMUNSON	VP OF OUTREACH	0.30	Officer Director	$0	$0	$0
PAM ANDRIST	DIRECTOR	0.30	Director	$0	$0	$0
TRENT WESTMEYER	DIRECTOR	0.30	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
2025	$151,390	$103,249	$285,659	$48,141
2024	$181,501	$166,250	$263,619	$15,251
2023	$166,735	$159,838	$216,365	$6,897
2022	$167,840	$142,498	$205,051	$25,342
2021	$94,548	$66,436	$192,880	$28,112
2020	$32,263	$94,195	$139,675	$-61,932
2019	$127,929	$163,421	$188,321	$-35,492

MINOT STATE ALUMNI INC C/O MSU ADMINISTRATION BLDG