BISMARCK PUBLIC 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

1989

Legal Domicile

Principal Officer

RICK GELOFF

Phone

7013553093

Tax Period

2024-07-01 to 2025-06-30

BISMARCK PUBLIC SCHOOLS FOUNDATION, founded in 1989, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $395K, a strong 36% operating margin.

Mission

SUPPORTING FOUNDATION TO SUPPORT THE BISMARCK PUBLIC SCHOOLS, TEACHERS, AND STAFF WHO WORK WITH STUDENTS

Program Service Accomplishments

Program 1

Expenses: $698,105

THE PROVIDING OF OVER 15 MINI-GRANTS AND SPONSORSHIPS TO EDUCATORS AND SCHOOLS OF THE BISMARCK PUBLIC SCHOOL SYSTEM. THE MINI-GRANTS ARE USED TO SUPPORT NEW AND INNOVATIVE PROGRAMS AND/OR TEACHING...

THE PROVIDING OF OVER 15 MINI-GRANTS AND SPONSORSHIPS TO EDUCATORS AND SCHOOLS OF THE BISMARCK PUBLIC SCHOOL SYSTEM. THE MINI-GRANTS ARE USED TO SUPPORT NEW AND INNOVATIVE PROGRAMS AND/OR TEACHING METHODS FOR ALL STUDENTS IN THE BISMARCK PUBLIC SCHOOL SYSTEM. PROVIDING A QUARTERLY NEWSLETTER TO ALL PARENTS, EDUCATORS, AND DONORS OF THE BISMARCK PUBLIC SCHOOL SYSTEM TO PROVIDE PUBLIC EDUCATION ON THE ACCOMPLISHMENTS OF THE BISMARCK PUBLIC SCHOOL SYSTEM AND THEIR ALUMNI.

Program 2

PROVIDING SCHOLARSHIPS TO GRADUATING SENIORS OF THE BISMARCK PUBLIC SCHOOL SYSTEM TO ASSIST THEM IN FURTHERING THEIR ACADEMIC EDUCATION.

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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 $569,131

Program Service Revenue $96,719

Investment Income $363,427

Other Revenue $67,991

TOTAL REVENUE $1,097,268

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,896

Fundraising Expenses $0

Program Expenses $698,105

Other Expenses $694,894

TOTAL EXPENSES $701,790

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,097,268	$658,683	+0.7%
Expenses	$701,790	$517,292	+0.4%
Net Income	$395,478	$141,391	+1.8%

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
DAVID AUGUSTADT	DIRECTOR	N/A	Director	$0	$0	$0
TOMI CIMAROSTI	DIRECTOR	N/A	Director	$0	$0	$0
BETSY ELSBERRY	SECRETARY	N/A	Director	$0	$0	$0
DREW ENGLEMAN	DIRECTOR	N/A	Director	$0	$0	$0
JEFF FASTNACHT	DIRECTOR	N/A	Director	$0	$0	$0
MEGAN HOUN	DIRECTOR	N/A	Director	$0	$0	$0
STACEY LANG	DIRECTOR	N/A	Director	$0	$0	$0
TAHLIA NYGAARD	FOUNDATION D	N/A	Director	$0	$0	$0
AMANDA PETERSON	DIRECTOR	N/A	Director	$0	$0	$0
RICK GELOFF	PRESIDENT	N/A	Officer	$0	$0	$0
JAN STANKIEWICZ	VICE PRESIDE	N/A	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	$1,097,268	$701,790	$7,101,202	$395,478
2024	No data	No data	No data	No data
2023	$1,236,365	$652,519	$5,924,401	$583,846
2022	$853,696	$540,826	$4,942,767	$312,870
2021	$337,083	$248,162	$5,323,090	$88,921
2020	$156,862	$212,089	$4,279,068	$-55,227
2019	$420,069	$277,367	$4,318,154	$142,702
2018	$478,506	$261,659	$4,180,954	$216,847