Bismarck State College Foundation

EIN: 450358929 501(c)(3) Education

Bismarck, ND

Total Revenue
$7,905,218
Total Expenses
$4,364,297
Total Assets
$71,345,063
Net Assets
$63,501,852
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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
1979
Legal Domicile
ND
Principal Officer
Kari Knudson
Phone
7012245700
Tax Period
2024-07-01 to 2025-06-30

Bismarck State College Foundation, founded in 1979, is a community nonprofit in the Education sector that reported $7.9M in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $3.5M, a strong 45% operating margin.

Mission

Engage in those activities which support the development of Bismarck State College.

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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 $4,063,244
Program Service Revenue $399,965
Investment Income $2,573,776
Other Revenue $868,233
TOTAL REVENUE $7,905,218

Expense Breakdown

Grants Paid $2,788,453
Salaries & Benefits $431,245
Fundraising Expenses $329,759
Program Expenses $3,636,970
Other Expenses $1,144,599
TOTAL EXPENSES $4,364,297

Year-over-Year Comparison

2024 2023 Change
Revenue $7,905,218 $14,011,182 -0.4%
Expenses $4,364,297 $4,634,500 -0.1%
Net Income $3,540,921 $9,376,682 -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
74
Independent Members
71
Employees
N/A
Volunteers
95

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
11
$212,487
Total Directors
85
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Danette Welsh Chair 1.00
Officer Director
$0 $0 $0
Wade Mann President 1.00
Officer Director
$0 $0 $0
Russ Hanson Vice President 1.00
Officer Director
$0 $0 $0
Kevin Stadler Development Committee Chair 1.00
Officer Director
$0 $0 $0
Mark Zimmerman Program Committee Chair 1.00
Officer Director
$0 $0 $0
Sarah Getzlaff Finance Committee Chair 1.00
Officer Director
$0 $0 $0
Tricia Schlosser Board Member 1.00
Director
$0 $0 $0
Wade Boeshans Board Member (Until Nov 24) 1.00
Director
$0 $0 $0
Zac Weis Board Member 1.00
Director
$0 $0 $0
Kenna Mutschelknaus Board Member (Until Sept 24) 1.00
Director
$0 $0 $0
Alex Kowski Board Member (As of May 25) 1.00
Director
$0 $0 $0
Alexis Baxley Board Member (As of Sept 24) 1.00
Director
$0 $0 $0
Amy Mazigian Board Member 1.00
Director
$0 $0 $0
Andy Cramer Board Member 1.00
Director
$0 $0 $0
Barry Haugen Board Member (Until Sept 24) 1.00
Director
$0 $0 $0
Blaize Morris Board Member (As of Sept 24) 1.00
Director
$0 $0 $0
Brad Balerud Board Member 1.00
Director
$0 $0 $0
Brad Ballweber Board Member 1.00
Director
$0 $0 $0
Brandon Reems Board Member 1.00
Director
$0 $0 $0
Bryan Walther Board Member (Until May 25) 1.00
Director
$0 $0 $0
Cam Knutson Board Member 1.00
Director
$0 $0 $0
Chad Wachter Board Member 1.00
Director
$0 $0 $0
Cindy Clairmont Board Member 1.00
Director
$0 $0 $0
Curt Walth Board Member 1.00
Director
$0 $0 $0
Dale Pahlke Board Member 1.00
Director
$0 $0 $0
Dan Polk Board Member 1.00
Director
$0 $0 $0
Darren Snow Board Member 1.00
Director
$0 $0 $0
Dave Clark Board Member 1.00
Director
$0 $0 $0
Dave Mason Board Member 1.00
Director
$0 $0 $0
David Straley Board Member 1.00
Director
$0 $0 $0
Deb Mantz Board Member 1.00
Director
$0 $0 $0
Debra Gallagher Board Member 1.00
Director
$0 $0 $0
Dorothy Lick Board Member (As of Nov 24) 1.00
Director
$0 $0 $0
Eric Brenden Board Member 1.00
Director
$0 $0 $0
Florence Hauer Board Member 1.00
Director
$0 $0 $0
Gina Hruby Board Member 1.00
Director
$0 $0 $0
Glenn Bosch Board Member 1.00
Director
$0 $0 $0
Greg Bavendick Board Member 1.00
Director
$0 $0 $0
Irene Tschider Board Member 1.00
Director
$0 $0 $0
Jean Schafer Board Member 1.00
Director
$0 $0 $0
Jeff Nelson Board Member 1.00
Director
$0 $0 $0
Jeffery Wuitschick Board Member (Until Sept 24) 1.00
Director
$0 $0 $0
Jennifer Heck Board Member 1.00
Director
$0 $0 $0
Jesse Johnson Board Member 1.00
Director
$0 $0 $0
Jim Christianson Board Member 1.00
Director
$0 $0 $0
Joel Kostelecky Board Member (Until July 24) 1.00
Director
$0 $0 $0
John Bauer Board Member (Until Sept 24) 1.00
Director
$0 $0 $0
Joshua Nuss Board Member (As of Feb 25) 1.00
Director
$0 $0 $0
Judy Pfeifle Board Member 1.00
Director
$0 $0 $0
Kene Miller Board Member (Until Sept 24) 1.00
Director
$0 $0 $0
Kevin Dykema Board Member 1.00
Director
$0 $0 $0
Kevin Gilchrist Board Member 1.00
Director
$0 $0 $0
Kevin Magstadt Board Member 1.00
Director
$0 $0 $0
Kristine Melby Board Member (Until May 25) 1.00
Director
$0 $0 $0
Larry Skogen Board Member 1.00
Director
$0 $0 $0
Lee Weisbeck Board Member 1.00
Director
$0 $0 $0
Loren Kopseng Board Member 1.00
Director
$0 $0 $0
Marby Hogen Board Member 1.00
Director
$0 $0 $0
Marlene Anderson Board Member (As of Sept 24) 1.00
Director
$0 $0 $0
Mary Theel Board Member 1.00
Director
$0 $0 $0
Mat Hirst Board Member 1.00
Director
$0 $0 $0
Megan Houn Board Member 1.00
Director
$0 $0 $0
Melissa Hauer Board Member 1.00
Director
$0 $0 $0
Mike Bitz Board Member 1.00
Director
$0 $0 $0
Mike Haider Board Member 1.00
Director
$0 $0 $0
Mike Heger Board Member 1.00
Director
$0 $0 $0
Mike Holman Board Member (As of Sept 24) 1.00
Director
$0 $0 $0
Patrick Ward Board Member 1.00
Director
$0 $0 $0
Paul Sandness Board Member 1.00
Director
$0 $0 $0
Rachel Retterath Board Member 1.00
Director
$0 $0 $0
Rebecca Ternes Board Member 1.00
Director
$0 $0 $0
Reece Boehm Board Member (As of Sept 24) 1.00
Director
$0 $0 $0
Reed Reyman Board Member (As of Feb 25) 1.00
Director
$0 $0 $0
Rob Koppinger Board Member 1.00
Director
$0 $0 $0
Ross Wilmes Board Member 1.00
Director
$0 $0 $0
Scott Becker Board Member 1.00
Director
$0 $0 $0
Scott LaCoe Board Member (Until Feb 25) 1.00
Director
$0 $0 $0
Stacy Tschider Board Member 1.00
Director
$0 $0 $0
Susan Walker Weiand Board Member 1.00
Director
$0 $0 $0
Tammy Nygard Board Member 1.00
Director
$0 $0 $0
Terry Daffinrud Board Member 1.00
Director
$0 $0 $0
Terry Kraft Board Member 1.00
Director
$0 $0 $0
Thomas Atkinson Board Member 1.00
Director
$0 $0 $0
Todd Schaffer Board Member 1.00
Director
$0 $0 $0
Tony Welder Board Member (Until March 25) 1.00
Director
$0 $0 $0
Kari Knudson NV Executive Director 40.00
Officer
$170,187 $42,300 $212,487
Rebecca Collins NV Secretary-Treasurer 1.00
Officer
$0 $0 $0
Brent Sanford NV-President of BSC (Jan-Apr 25) 1.00
Officer
$0 $0 $0
Daniel Leingang NV-President of BSC (As of Apr 25) 1.00
Officer
$0 $0 $0
Douglas Jensen NV-President of BSC (Until Jan 25) 1.00
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 $7,905,218 $4,364,297 $71,345,063 $3,540,921
2024 $14,011,182 $4,634,500 $65,863,270 $9,376,682
2023 $5,589,699 $3,551,232 $53,602,906 $2,038,467
2022 $6,634,796 $2,966,578 $50,132,874 $3,668,218
2021 $4,203,198 $3,040,323 $52,565,750 $1,162,875
2020 $4,193,290 $3,411,800 $46,167,861 $781,490
2019 $5,004,330 $2,460,142 $47,150,547 $2,544,188
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