MINOT CATHOLIC SCHOOLS FOUNDATION

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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

1977

Legal Domicile

Principal Officer

GREGG MAGNUSON

Phone

7018383377

Tax Period

2024-07-01 to 2025-06-30

MINOT CATHOLIC SCHOOLS FOUNDATION, founded in 1977, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 126% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 78% operating margin.

Mission

THE FOUNDATION RAISES MONEY TO HELP SUPPORT BISHOP CATHOLIC SCHOOL THROUGH DIRECT DISBURSEMENTS AND FUNDRAISING EFFORTS.

Program Service Accomplishments

Program 1

Expenses: $345,283

DISBURSEMENTS TO BISHOP RYAN CATHOLIC SCHOOL TO SUPPORT SCHOLARSHIPS FOR FAMILIES AS WELL AS SUPPORT TEACHER COMPENSATAION AND OTHER PROGRAM AND FUNDRAISING EXPENSES.

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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 $453,965

Program Service Revenue $0

Investment Income $1,142,042

Other Revenue $177,605

TOTAL REVENUE $1,773,612

Expense Breakdown

Grants Paid $345,283

Salaries & Benefits $0

Fundraising Expenses $10,750

Program Expenses $345,283

Other Expenses $37,446

TOTAL EXPENSES $382,729

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,773,612	$784,838	+1.3%
Expenses	$382,729	$276,728	+0.4%
Net Income	$1,390,883	$508,110	+1.7%

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

$60,323

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM MAUS	DIRECTOR	0.50	Director	$0	$0	$0
DANNY SCHALL	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
STEPHEN RONNING	DIRECTOR	0.50	Director	$0	$0	$0
GREGG MAGNUSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
JAMES KASPER	DIRECTOR	0.50	Director	$0	$0	$0
JON BACKES	DIRECTOR	0.50	Director	$0	$0	$0
KATHLEEN GADDIE	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL CHRISTIANSON	DIRECTOR	0.50	Director	$0	$0	$0
KIM HIRCHENA	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
AFTEN GRANT	DIRECTOR	0.50	Director	$0	$0	$0
FR KREITINGER	DIRECTOR	0.50	Director	$0	$0	$0
KATELYN DENNE	FOUNDATION DIRECTOR	0.50	Officer	$0	$3,033	$60,323
FR JADYN NELSON	BRCS PRESIDENT	0.50	Officer	$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	$1,773,612	$382,729	$10,561,512	$1,390,883
2024	No data	No data	No data	No data
2023	$1,020,702	$428,842	$8,556,137	$591,860
2022	$1,778,035	$1,056,858	$7,775,356	$721,177
2021	$1,517,568	$599,565	$9,014,104	$918,003
2020	$1,033,861	$192,017	$6,971,360	$841,844
2019	$804,630	$349,016	$5,966,532	$455,614
2018	$943,571	$418,950	$5,393,955	$524,621