NEW ULM AREA FOUNDATION INC

EIN: 464703262 501(c)(3) Philanthropy & Grantmaking

NEW ULM, MN

Total Revenue
$511,975
Total Expenses
$340,845
Total Assets
$3,463,011
Net Assets
$3,463,011
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
MN
Principal Officer
KATHY VAN ROEKEL
Phone
5073543337
Tax Period
2024-01-01 to 2024-12-31

NEW ULM AREA FOUNDATION INC, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $512K in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $171K, a strong 33% operating margin.

Mission

THE MISSION OF NEW ULM AREA FOUNDATION IS TO ADDRESS THE NEEDS OF THE COMMUNITY BY GROWING THE ENDOWMENTS FUNDS AND PROVIDING FINANCIAL GRANTS FROM THE EARNINGS OF THOSE FUNDS. THE FOUNDATION FOCUSES ITS GRANT FUNDING IN THE AREAS OF THE ARTS, EDUCATION, ECONOMIC DEVELOPMENT AND HISTORIC PRESERVATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $322,091
Program Service Revenue $55
Investment Income $189,829
Other Revenue $0
TOTAL REVENUE $511,975

Expense Breakdown

Grants Paid $277,388
Salaries & Benefits $30,097
Fundraising Expenses $15,199
Program Expenses $292,529
Other Expenses $33,360
TOTAL EXPENSES $340,845

Year-over-Year Comparison

2024 2023 Change
Revenue $511,975 $315,039 +0.6%
Expenses $340,845 $261,238 +0.3%
Net Income $171,130 $53,801 +2.2%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
12
Independent Members
12
Employees
1
Volunteers
14

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
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA BESEMER DIRECTOR 1.00
Director
$0 $0 $0
CARISA BUEGLER DIRECTOR 1.00
Director
$0 $0 $0
GENE CLARK DIRECTOR 1.00
Director
$0 $0 $0
DUSTAN CROSS DIRECTOR 1.00
Director
$0 $0 $0
SHARI FISCHER DIRECTOR 1.00
Director
$0 $0 $0
SHANNON HILLESHEIM VICE PRESIDE 2.00
Officer Director
$0 $0 $0
ZACH JENSEN DIRECTOR 1.00
Director
$0 $0 $0
MIKE LIEB DIRECTOR 1.00
Director
$0 $0 $0
JENNA PETERSON SECRETARY/TR 2.00
Officer Director
$0 $0 $0
KATHY VAN ROEKEL PRESIDENT/DI 2.00
Officer Director
$0 $0 $0
COLLEEN SKILLINGS DIRECTOR 1.00
Director
$0 $0 $0
BOB WEBB DIRECTOR 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
2024 $511,975 $340,845 $3,463,011 $171,130
2023 $315,039 $261,238 $3,109,821 $53,801
2022 $2,407,935 $195,668 $2,700,111 $2,212,267
2022 $465,149 $195,668 $2,700,111 $269,481
2021 $534,371 $170,772 $825,646 $363,599
2020 $435,839 $98,094 $444,869 $337,745
Explore More Nonprofits
→Top 100 Nonprofits in Minnesota →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare NEW ULM AREA FOUNDATION INC with other nonprofits in Minnesota and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.