MINOT PARK DISTRICT FOUNDATION (EIN 470792436) - 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

1994

Legal Domicile

Principal Officer

PERRY OLSON

Phone

7018574136

Tax Period

2024-01-01 to 2024-12-31

MINOT PARK DISTRICT FOUNDATION, founded in 1994, is a small nonprofit in the Recreation & Sports sector that reported $607K in total revenue in fiscal year 2024. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 244% operating deficit.

Mission

PROMOTING, DEVELOPING, AND ADVANCING SUPPORT FOR THE CITY OF MINOT PARK DISTRICT

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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 $432,130

Program Service Revenue $0

Investment Income $174,486

Other Revenue $0

TOTAL REVENUE $606,616

Expense Breakdown

Grants Paid $2,072,827

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,072,827

Other Expenses $13,838

TOTAL EXPENSES $2,086,665

Year-over-Year Comparison

	2024	2023	Change
Revenue	$606,616	$3,269,397	-0.8%
Expenses	$2,086,665	$641,673	+2.3%
Net Income	$-1,480,049	$2,627,724	-1.6%

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

N/A

Volunteers

N/A

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

$7,200

Total Directors

$148,536

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PERRY OLSON	PRESIDENT	1.00	Officer Director	$0	$0	$3,600
MIKE SCHMITT	COMMISSIONER	1.00	Director	$0	$0	$3,600
CLIFF HOVDA	COMMISSIONER	1.00	Director	$0	$0	$3,600
CHELSEA KIRKHAMMER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$3,600
JUSTIN HAMMER	COMMISSIONER	1.00	Director	$0	$0	$3,600
ELLY DESLAURIERS	DIRECTOR	40.00	Director	$0	$0	$130,536

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	$606,616	$2,086,665	$2,868,079	$-1,480,049
2023	$3,269,397	$641,673	$3,952,223	$2,627,724
2022	$421,685	$323,991	$1,124,055	$97,694
2021	$434,278	$109,591	$1,171,678	$324,687
2020	$160,558	$445,016	$728,814	$-284,458
2019	$295,660	$130,182	$1,013,272	$165,478
2018	$744,209	$712,378	$847,794	$31,831

MINOT PARK DISTRICT FOUNDATION