FARGO-MOORHEAD AREA FOUNDATION CORPORATION (EIN 456010377) - 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

1960

Legal Domicile

Principal Officer

ERIC WILKIE

Phone

7012340756

Tax Period

2024-01-01 to 2024-12-31

FARGO-MOORHEAD AREA FOUNDATION CORPORATION, founded in 1960, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $24.2M in total revenue in fiscal year 2024. Revenue surged 202% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.5M, a strong 60% operating margin.

Mission

WE HELP DONORS MAXIMIZE THEIR PHILANTHROPY TO CREATE A VIBRANT COMMUNITY FULL OF OPPORTUNITIES FOR EVERYONE.

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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 $13,540,411

Program Service Revenue $0

Investment Income $10,496,843

Other Revenue $208,918

TOTAL REVENUE $24,246,172

Expense Breakdown

Grants Paid $7,488,670

Salaries & Benefits $822,555

Fundraising Expenses $145,421

Program Expenses $8,928,666

Other Expenses $1,450,152

TOTAL EXPENSES $9,761,377

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,246,172	$8,034,362	+2.0%
Expenses	$9,761,377	$9,175,156	+0.1%
Net Income	$14,484,795	$-1,140,794	-13.7%

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

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

$375,969

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
APRIL WALKER	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
KATRINA TURMAN-LANG	CHAIR	3.00	Officer Director	$0	$0	$0
TONI SANDIN	VICE CHAIR (UNTIL MAY)	1.00	Officer Director	$0	$0	$0
GARY NOLTE	TREASURER	2.00	Officer Director	$0	$0	$0
JOHN STERN	SECRETARY	1.00	Officer Director	$0	$0	$0
SANDY KORBEL	TRUSTEE REPRESENTATIVE (NON-VOTING)	1.00	Director	$0	$0	$0
MARILYN GUY	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW LEISETH	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN HAYER	DIRECTOR	1.00	Director	$0	$0	$0
DON HAUGEN	DIRECTOR	2.00	Director	$0	$0	$0
SHER THOMSEN	DIRECTOR	1.00	Director	$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	0.00		$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	0.00		$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	0.00		$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	0.00		$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	0.00		$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	0.00		$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	0.00		$0	$0	$0
ERIC WILKIE	EXECUTIVE DIRECTOR	40.00	Officer	$199,875	$29,687	$229,562
PATRICIA MASTEL	DIRECTOR OF FINANCE	40.00	Officer	$129,870	$16,537	$146,407

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
2024	$24,246,172	$9,761,377	$126,644,017	$14,484,795
2023	$8,034,362	$9,175,156	$109,621,740	$-1,140,794
2022	$5,201,937	$11,250,336	$98,404,628	$-6,048,399
2021	$30,025,035	$13,055,750	$123,601,833	$16,969,285
2020	$6,779,657	$8,210,800	$106,685,360	$-1,431,143
2019	$20,801,113	$7,081,605	$98,248,072	$13,719,508
2018	$10,950,631	$4,037,273	$75,555,744	$6,913,358

FARGO-MOORHEAD AREA FOUNDATION CORPORATION