GRAND FORKS FOUNDATION FOR EDUCATI… - 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

1987

Legal Domicile

Principal Officer

EMILIA HODGSON

Phone

7017462205

Tax Period

2024-07-01 to 2025-06-30

GRAND FORKS FOUNDATION FOR EDUCATION INC, founded in 1987, is a small nonprofit that reported $722K in total revenue in fiscal year 2024. Expenses of $1.7M exceeded revenue, resulting in a 129% operating deficit.

Mission

THE FOUNDATION'S PURPOSE IS TO SUPPORT AND PROVIDE ACCESS TO HIGH-QUALITY EDUCATION IN GRAND FORKS PUBLIC SCHOOLS BY RAISING PRIVATE SUPPORT FOR NEW AND ENRICHED OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $1,207,761

FUNDING OF INTERNAL PROGRAMS FOR GRAND FORKS PUBLIC SCHOOL DISTRICT.

Program 2

Expenses: $103,963

THE FOUNDATION AWARDS SCHOLARSHIPS TO NEEDY STUDENTS THROUGHOUT THE YEAR. THIS PAST YEAR THE FOUNDATION AWARDED 424 SCHOLARSHIPS TO THESE NEEDY STUDENTS. ADDITIONALLY, THE FOUNDATION AWARDS...

THE FOUNDATION AWARDS SCHOLARSHIPS TO NEEDY STUDENTS THROUGHOUT THE YEAR. THIS PAST YEAR THE FOUNDATION AWARDED 424 SCHOLARSHIPS TO THESE NEEDY STUDENTS. ADDITIONALLY, THE FOUNDATION AWARDS SCHOLARSHIPS TO SENIOR STUDENTS TO FURTHER PURSUE ACADEMICS IN HIGHER EDUCATION. THIS PAST YEAR THE FOUNDATION AWARDED 124 POST HIGH SCHOOL SCHOLARSHIPS. SCHOLARSHIPS TOTALED $103,963 FOR THE YEAR.

Program 3

Expenses: $87,488

THE FOUNDATION AWARDS GRANTS TWICE ANNUALLY TO EDUCATORS AT GRAND FORKS PUBLIC SCHOOL DISTRICT FOR ALL ELEMENTARY, MIDDLE AND HIGH SCHOOL GRADES. THE APPROXIMATE NUMBER SERVED IS 7,652 STUDENTS.

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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 $377,921

Program Service Revenue $0

Investment Income $335,551

Other Revenue $8,575

TOTAL REVENUE $722,047

Expense Breakdown

Grants Paid $1,399,212

Salaries & Benefits $101,891

Fundraising Expenses $29,280

Program Expenses $1,523,936

Other Expenses $150,920

TOTAL EXPENSES $1,652,023

Year-over-Year Comparison

	2024	2023	Change
Revenue	$722,047	$740,912	0.0%
Expenses	$1,652,023	$7,039,111	-0.8%
Net Income	$-929,976	$-6,298,199	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HILLARY KEMPENICH	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOE MIEDEMA	CO-TREASURER	1.00	Officer Director	$0	$0	$0
CARLA HAAVEN	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
CATHERINE GILLACH	EXECUTIVE SECRETARY	1.00	Officer Director	$0	$0	$0
TALIA TELANDER	DIRECTOR	1.00	Director	$0	$0	$0
DEB DUNHAM	CO-TREASURER	1.00	Officer Director	$0	$0	$0
CHAD DETIENNE	DIRECTOR	1.00	Director	$0	$0	$0
ISAAC KARIKARI	DIRECTOR	1.00	Director	$0	$0	$0
PAUL TRAYNOR	DIRECTOR	1.00	Director	$0	$0	$0
ALEX TODOROVIC	ASSOCIATE VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MIKE WILBER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
EMILY DAWES	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA KOSIOR	DIRECTOR	1.00	Director	$0	$0	$0
KATIE ARTHUR	DIRECTOR	1.00	Director	$0	$0	$0
EMILIA HODGSON	EXECUTIVE DIRECTOR	32.00	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	$722,047	$1,652,023	$6,652,628	$-929,976
2024	$740,912	$7,039,111	$7,482,650	$-6,298,199
2023	$428,726	$1,508,090	$13,372,922	$-1,079,364
2022	$11,148,846	$475,072	$14,175,659	$10,673,774
2021	$828,032	$436,701	$3,890,295	$391,331
2020	$717,533	$509,359	$3,190,256	$208,174
2019	$689,524	$368,597	$2,894,731	$320,927
2018	$518,266	$389,946	$2,610,105	$128,320

GRAND FORKS FOUNDATION FOR EDUCATION INC