MAYVILLE STATE UNIVERSITY FOUNDATION (EIN 456013477) - 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

1961

Legal Domicile

Principal Officer

LON JORGENSEN

Phone

7017884687

Tax Period

2024-07-01 to 2025-06-30

MAYVILLE STATE UNIVERSITY FOUNDATION, founded in 1961, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.9M, a strong 47% operating margin.

Mission

SUPPORT ACTIVITIES OF MAYVILLE 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 (2024)

Revenue Breakdown

Contributions & Grants $1,722,458

Program Service Revenue $195,051

Investment Income $2,036,490

Other Revenue $74,616

TOTAL REVENUE $4,028,615

Expense Breakdown

Grants Paid $1,199,373

Salaries & Benefits $219,597

Fundraising Expenses $330,487

Program Expenses $1,681,898

Other Expenses $728,922

TOTAL EXPENSES $2,147,892

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,028,615	$5,499,969	-0.3%
Expenses	$2,147,892	$1,736,176	+0.2%
Net Income	$1,880,723	$3,763,793	-0.5%

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

Volunteers

140

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

$401,799

Total Directors

$252,991

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK OLSON	CHAIR	3.00	Officer Director	$0	$0	$0
KATHY SAWA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RACHELLE FETTIG	SECRETARY	1.00	Officer Director	$0	$0	$0
TOM CAPOUCH	TREASURER	1.00	Officer Director	$0	$0	$0
BRIAN VAN HORN	MSU PRESIDENT (NON-VOTING)	1.00	Officer Director	$0	$252,991	$252,991
RHONDA NELSON	LIASON TO CAC	1.00	Officer Director	$0	$0	$0
ROCKY LARSON	MSU ATHLETIC DIRECTOR	1.00	Officer Director	$0	$0	$0
DON CAVALIER	LIASON TO ALUMNI BOARD	1.00	Officer Director	$0	$0	$0
DONN HANSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM LIPSIEA	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE LOVAS	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER HOLMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM PRATT	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY PETERS	BOARD MEMBER	1.00	Director	$0	$0	$0
LOWELL NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LON JORGENSON	EXECUTIVE DIRECTOR	40.00	Officer	$113,587	$35,221	$148,808

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	$4,028,615	$2,147,892	$20,592,919	$1,880,723
2024	$5,499,969	$1,736,176	$18,766,675	$3,763,793
2023	$1,750,323	$1,329,541	$14,110,671	$420,782
2022	$2,383,982	$1,188,690	$11,563,029	$1,195,292
2021	$2,309,097	$883,166	$12,232,872	$1,425,931
2020	$1,116,616	$825,917	$9,357,443	$290,699
2019	$1,211,352	$1,508,022	$8,935,110	$-296,670

MAYVILLE STATE UNIVERSITY FOUNDATION