CONRAD HESKIN CHARITABLE TRUST 1020027200 (EIN 450461889) - 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

2001

Legal Domicile

Principal Officer

ALERUS FINANCIAL

Phone

7017953212

Tax Period

2021-01-01 to 2021-12-31

CONRAD HESKIN CHARITABLE TRUST 1020027200, founded in 2001, is a small nonprofit that reported $281K in total revenue in fiscal year 2021. Expenses of $1.9M exceeded revenue, resulting in a 566% operating deficit.

Mission

The organization has two main missions. First, to provide scholarships to needy students for two local high schools. Second, to provide funds for a local nursing facility to support its operation and enrich the lives of its residents.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $278,373

Other Revenue $2,995

TOTAL REVENUE $281,368

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,262

Fundraising Expenses $0

Program Expenses $1,859,030

Other Expenses $8,606

TOTAL EXPENSES $1,874,204

Year-over-Year Comparison

	2021	2020	Change
Revenue	$281,368	N/A	N/A
Expenses	$1,874,204	N/A	N/A
Net Income	$-1,592,836	$0	N/A

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

N/A

Independent Members

N/A

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
Dave Vold	Board Member	1.0	Director	$0	$0	$0
Barbara Huus	Board Member	1.0	Director	$0	$0	$0
Mark Ducan	Board Member	1.0	Director	$0	$0	$0
Sharon Doeden	Board Member	1.0	Director	$0	$0	$0
Alerus Financial	Trustee	4.0		$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
2021	$281,368	$1,874,204	No data	$-1,592,836
2020	$211,522	$78,787	$1,605,387	$132,735

CONRAD HESKIN CHARITABLE TRUST 1020027200