MINOT CATHOLIC SCHOOLS FOUNDATION

EIN: 450340749 501(c)(3)

MINOT, ND

Total Revenue
$1,773,612
Total Expenses
$382,729
Total Assets
$10,561,512
Net Assets
$10,561,512
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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
ND
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.

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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 $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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
17

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
5
$60,323
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
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
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