DAKOTA WESLEYAN UNIVERSITY

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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

1885

Legal Domicile

Principal Officer

JODI LANDGAARD

Phone

6059952601

Tax Period

2024-06-01 to 2025-05-31

DAKOTA WESLEYAN UNIVERSITY, founded in 1885, is a mid-sized nonprofit in the Education sector that reported $32.5M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Net assets of $71.4M represent 26 months of operating reserves.

Mission

DAKOTA WESLEYAN UNIVERSITY ASPIRES TO BE A LEADING UNIVERSITY THAT EDUCATES STUDENTS TO IDENTIFY AND DEVELOP THEIR INDIVIDUAL TALENTS FOR SUCCESSFUL LIVES IN SERVICE TO GOD AND THE COMMON GOOD.

Program Service Accomplishments

Program 1

Expenses: $28,560,534 Revenue: $25,201,834

PROVIDED INSTRUCTION AND OTHER SUPPORTING SERVICES TO APPROXIMATELY 906 FULL-TIME AND PART-TIME STUDENTS.

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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 $5,294,062

Program Service Revenue $25,201,834

Investment Income $844,425

Other Revenue $1,156,798

TOTAL REVENUE $32,497,119

Expense Breakdown

Grants Paid $10,828,000

Salaries & Benefits $11,511,951

Fundraising Expenses $456,558

Program Expenses $28,560,534

Other Expenses $10,915,491

TOTAL EXPENSES $33,255,442

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,497,119	$29,279,216	+0.1%
Expenses	$33,255,442	$32,046,618	+0.0%
Net Income	$-758,323	$-2,767,402	-0.7%

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

449

Volunteers

100

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

$606,468

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN KITTLE	PRESIDENT	40.00	Officer	$263,610	$42,890	$306,500
DR DEREK DRIEDGER	PROVOST	40.00	Officer	$131,179	$30,606	$161,785
JODI LANDGAARD	VP OF FINANC	40.00	Officer	$131,186	$6,997	$138,183
DEANELL BACKLUND	TRUSTEE	1.00	Director	$0	$0	$0
DR PHILLIP BECKER	TRUSTEE	1.00	Director	$0	$0	$0
JOHN CLARKE	TRUSTEE	1.00	Director	$0	$0	$0
DIANE DESLAURIERS	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL DUFFY	TRUSTEE	1.00	Director	$0	$0	$0
BILL FARIS	TRUSTEE	1.00	Director	$0	$0	$0
JAMES GRITZNER	TRUSTEE - CH	1.00	Officer Director	$0	$0	$0
JOHN HARTUNG	TRUSTEE	1.00	Director	$0	$0	$0
JEFF JARES	TRUSTEE	1.00	Director	$0	$0	$0
JACQUELYN JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
KENNETH KETEL	TRUSTEE	1.00	Director	$0	$0	$0
BOB KJELDEN	TRUSTEE	1.00	Director	$0	$0	$0
BETH KROGER	TRUSTEE - SE	1.00	Officer Director	$0	$0	$0
BETH KUHLER	TRUSTEE	1.00	Director	$0	$0	$0
RON MARTIN	TRUSTEE	1.00	Director	$0	$0	$0
M KENT MILLARD	TRUSTEE	1.00	Director	$0	$0	$0
CAREY MILLER	TRUSTEE	1.00	Director	$0	$0	$0
DR PAUL MISKIMINS	TRUSTEE	1.00	Director	$0	$0	$0
ROGER MUSICK	TRUSTEE	1.00	Director	$0	$0	$0
TERRY NEBELSICK	TRUSTEE - VI	1.00	Officer Director	$0	$0	$0
JEFF NELSON	TRUSTEE	1.00	Director	$0	$0	$0
BETTY OLDENKAMP	TRUSTEE	1.00	Director	$0	$0	$0
BISHOP BRUCE OUGH	TRUSTEE	1.00	Director	$0	$0	$0
BISHOP LANETTE PLAMBECK	TRUSTEE	1.00	Director	$0	$0	$0
BRADLEY PRATT	TRUSTEE	1.00	Director	$0	$0	$0
MARK PUETZ	TRUSTEE	1.00	Director	$0	$0	$0
NANCY QUAN	TRUSTEE	1.00	Director	$0	$0	$0
PETER KIP ROOZEN	TRUSTEE	1.00	Director	$0	$0	$0
RONALD D GATES SR	TRUSTEE	1.00	Director	$0	$0	$0
DR ALISON TENDLER	TRUSTEE	1.00	Director	$0	$0	$0
LARRY THOMPSON	TRUSTEE	1.00	Director	$0	$0	$0
REV REBECCA TREFZ	TRUSTEE	1.00	Director	$0	$0	$0
DR LESTA TURCHEN	TRUSTEE	1.00	Director	$0	$0	$0
GOPAL VYAS	TRUSTEE	1.00	Director	$0	$0	$0
J LEON WASHINGTON	TRUSTEE	1.00	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
2025	$32,497,119	$33,255,442	$89,180,757	$-758,323
2024	$29,279,216	$32,046,618	$89,290,539	$-2,767,402
2023	$29,784,323	$30,360,987	$87,269,231	$-576,664
2022	$27,499,766	$28,859,697	$90,960,221	$-1,359,931
2021	$27,947,274	$27,476,972	$93,693,966	$470,302
2020	$29,919,940	$27,482,875	$80,956,841	$2,437,065
2019	$25,997,106	$28,269,965	$78,965,356	$-2,272,859