DELANO AREA SCHOLARSHIP ASSOCIATION

EIN: 465646666 501(c)(3) Education

DELANO, MN

Total Revenue
$56,425
Total Expenses
$89,097
Total Assets
$188,746
Net Assets
$188,746
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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
2014
Legal Domicile
MN
Principal Officer
SUE PROC
Phone
7634988312
Tax Period
2025-01-01 to 2025-12-31

DELANO AREA SCHOLARSHIP ASSOCIATION, founded in 2014, is a micro nonprofit in the Education sector that reported $56K in total revenue in fiscal year 2025. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $89K exceeded revenue, resulting in a 58% operating deficit.

Mission

TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR RESIDENT STUDENTS SERVED BY DELANO SCHOOL DISTRICT #879

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $42,490
Program Service Revenue $0
Investment Income $6,103
Other Revenue $7,832
TOTAL REVENUE $56,425

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $88,197
Other Expenses $89,097
TOTAL EXPENSES $89,097

Year-over-Year Comparison

2025 2024 Change
Revenue $56,425 $82,155 -0.3%
Expenses $89,097 $84,486 +0.1%
Net Income $-32,672 $-2,331 +13.0%
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

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Governance

Voting Members
9
Independent Members
N/A
Employees
N/A
Volunteers
9

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
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON DREGER BOARD 1.00
Director
$0 $0 $0
VICKI NOETZELMAN BOARD 1.00
Director
$0 $0 $0
JIM VANCURA BOARD 1.00
Director
$0 $0 $0
MEGAN DANIELSON BOARD 1.00
Director
$0 $0 $0
LAURA WEBER BOARD 1.00
Director
$0 $0 $0
RYAN TOOL BOARD 1.00
Director
$0 $0 $0
SUE PROK PRESIDENT 2.00
Officer
$0 $0 $0
GLENDA VIDMAR TREASURER 2.00
Officer
$0 $0 $0
RHONDA CURRENT SECRETARY 2.00
Officer
$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 $56,425 $89,097 $188,746 $-32,672
2024 $82,155 $84,486 $200,950 $-2,331
2023 $88,006 $86,012 $190,804 $1,994
2022 $63,333 $58,233 $188,810 $5,100
2021 $76,961 $62,099 $205,746 $14,862
2020 $45,412 $61,538 $190,884 $-16,126
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