FOSSUM FOUNDATION INC (EIN 456013302) - 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

1959

Legal Domicile

Principal Officer

John W Shotwell

Phone

7012316800

Tax Period

2023-01-01 to 2023-12-31

FOSSUM FOUNDATION INC, founded in 1959, is a micro nonprofit that reported $99K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $48K, a strong 48% operating margin.

Mission

To assist the North Dakota State University Foundation in carrying out its exempt purpose of supporting North Dakota State University.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $3,249

Other Revenue $96,109

TOTAL REVENUE $99,358

Expense Breakdown

Grants Paid $49,551

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $49,551

Other Expenses $1,981

TOTAL EXPENSES $51,532

Year-over-Year Comparison

	2023	2022	Change
Revenue	$99,358	$110,221	-0.1%
Expenses	$51,532	$67,947	-0.2%
Net Income	$47,826	$42,274	+0.1%

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

$247,208

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Allyson Peterson	Assistant Secretary/Treasurer	0.50	Officer	$0	$52,112	$247,208
John Shotwell	President	0.02	Director	$0	$0	$0
Clyde Fossum	Vice President	0.01	Director	$0	$0	$0
Burdell Fossum	Secretary	0.02	Director	$0	$0	$0
Carl Larson	Treasurer	0.01	Director	$0	$0	$0
Karen Morrison	Director	0.03	Director	$0	$0	$0
Gregg Halverson	Director	0.02	Director	$0	$0	$0
Donn Diederich	Director	0.01	Director	$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
2024	No data	No data	No data	No data
2023	$99,358	$51,532	$584,746	$47,826
2022	$110,221	$67,947	$536,328	$42,274
2021	$80,290	$41,253	$493,557	$39,037
2020	$49,121	$76,283	$473,819	$-27,162

FOSSUM FOUNDATION INC