AIM HIGHER FOUNDATION (EIN 463935682) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

RICHARD R AUSTIN III

Phone

6128196711

Tax Period

2024-07-01 to 2025-06-30

AIM HIGHER FOUNDATION is a 501(c)(3) with EIN 463935682, based in ST PAUL, MN. Founded in 2013, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $3,445,656 in total revenue and $3,825,869 in total expenses, with net assets of $2,277,568.

Mission

THE AIM HIGHER FOUNDATION (AHF) PROVIDES SCHOLARSHIPS TO STUDENTS FROM FAMILIES WITH DEMONSTRATED FINANCIAL NEED WHO SEEK A CATHOLIC EDUCATION FOR THEIR CHILDREN

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,386,268

Program Service Revenue $0

Investment Income $209,374

Other Revenue $-149,986

TOTAL REVENUE $3,445,656

Expense Breakdown

Grants Paid $2,892,360

Salaries & Benefits $662,372

Fundraising Expenses $430,661

Program Expenses $3,116,836

Other Expenses $271,137

TOTAL EXPENSES $3,825,869

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,445,656	$2,308,093	+0.5%
Expenses	$3,825,869	$3,338,691	+0.1%
Net Income	$-380,213	$-1,030,598	-0.6%

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

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

$178,248

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY SCHAFFNER	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
JOE DONNELLY	VICE CHAIR/SECRETARY	3.00	Officer Director	$0	$0	$0
SARAH SCHUMACHER	TREASURER	3.00	Officer Director	$0	$0	$0
BRENT FREDERICK	BOARD MEMBER	1.00	Director	$0	$0	$0
FATHER CHRIS COLLINS	BOARD MEMBER	1.00	Director	$0	$0	$0
DON MULLIGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH NEINTIMP	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG SCHUMACHER	BOARD MEMBER	1.00	Director	$0	$0	$0
JACKIE DAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE MCDONALD BLACK	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF CACHAT	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE HURLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
MARGARET REQUET	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL HERRO	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE LUCKE	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD R AUSTIN III	PRESIDENT	60.00	Officer	$174,753	$3,495	$178,248

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	$3,445,656	$3,825,869	$5,537,980	$-380,213
2024	$2,308,093	$3,338,691	$5,490,835	$-1,030,598
2023	$2,095,192	$2,991,736	$6,203,962	$-896,544
2022	$2,912,547	$2,745,766	$6,907,513	$166,781
2021	$2,438,620	$2,538,487	$6,897,588	$-99,867
2020	$7,293,141	$2,875,843	$6,773,685	$4,417,298

AIM HIGHER FOUNDATION