NORTH DAKOTA UNIVERSITY SYSTEM FOUNDATION (EIN 450422574) - Form 990 Financial Analysis & Trantor Score

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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

1991

Legal Domicile

Principal Officer

TIMOTHY MIHALICK

Phone

7013284116

Tax Period

2024-07-01 to 2025-06-30

NORTH DAKOTA UNIVERSITY SYSTEM FOUNDATION, founded in 1991, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $125K in total revenue in fiscal year 2024. Revenue surged 12400% from the prior year, signaling strong growth momentum. The organization ran a surplus of $92K, a strong 73% operating margin.

Mission

THE FUNCTION OF THE NORTH DAKOTA UNIVERSITY SYSTEM FOUNDATION IS TO SUPPORT, ENRICH, ADVANCE AND IMPROVE HIGHER EDUCATION IN THE STATE OF NORTH DAKOTA, AND TO ASSIST ITS STUDENTS, FACULTY AND STAFF.

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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 $125,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $125,000

Expense Breakdown

Grants Paid $32,658

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $32,658

Other Expenses $745

TOTAL EXPENSES $33,403

Year-over-Year Comparison

	2024	2023	Change
Revenue	$125,000	$1,000	+124.0%
Expenses	$33,403	$13,245	+1.5%
Net Income	$91,597	$-12,245	-8.5%

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

N/A

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
CYNTHIA SCHREIBER-BECK	TRUSTEE	1.00	Director	$0	$0	$0
MIKE WARNER	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN SHIRLEY	TRUSTEE	1.00	Director	$0	$0	$0
JULIE TRAYNOR	TRUSTEE	1.00	Director	$0	$0	$0
BRENT SANFORD	EX-OFFICIO MEMBER	1.00	Director	$0	$0	$0
DANITA BYE	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY MIHALICK	PRESIDENT	2.00	Officer	$0	$0	$0
JON BACKES	VICE PRESIDENT	1.00	Officer	$0	$0	$0
DAVID KREBSBACH	SECRETARYTREASURER EX-OFFICIO	1.00	Officer	$0	$0	$0
KEVIN BLACK	2025-26 PRESIDENT	2.00	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	$125,000	$33,403	$113,853	$91,597
2024	$1,000	$13,245	$22,256	$-12,245
2023	$6,700	$9,356	$34,501	$-2,656
2022	$353,500	$359,270	$37,157	$-5,770
2021	$379,360	$352,490	$42,927	$26,870
2020	$351,000	$376,770	$16,057	$-25,770
2019	$625,400	$600,677	$41,827	$24,723

NORTH DAKOTA UNIVERSITY SYSTEM FOUNDATION