DSU Heritage Foundation

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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

2015

Legal Domicile

Principal Officer

Vince Reep

Phone

7014832486

Tax Period

2022-07-01 to 2023-06-30

DSU Heritage Foundation, founded in 2015, is a community nonprofit in the Education sector that reported $6.1M in total revenue in fiscal year 2022. Revenue fell 65% from the prior year — a significant decline worth monitoring. Net assets of $26.8M represent 53 months of operating reserves.

Mission

To stimulate and foster an active interest by alumni and friends that encourages participation in the support of the University. Create and maintain a consistent flow of funds to achieve our vision. Secure, manage, and disburse private funds for the benefit of the students and the University.

Program Service Accomplishments

Program 1

Expenses: $5,121,345 Revenue: $283,830

Stimulate and foster support for Dickinson State University by securing, managing, and disbursing funds to benefit the University and its students. For the June 30, 2022 year we provided an estimated $1,200,000 in scholarship support to DSU for deserving student athletes. Provided an avenue to develop and continue to build endowments for long-term success for DSU. An estimated $2.5 million was added to endowments this fiscal year.

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,002,646

Program Service Revenue $264,636

Investment Income $1,107,303

Other Revenue $733,740

TOTAL REVENUE $6,108,325

Expense Breakdown

Grants Paid $4,764,664

Salaries & Benefits $393,170

Fundraising Expenses $119,627

Program Expenses $5,121,345

Other Expenses $893,957

TOTAL EXPENSES $6,051,791

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,108,325	$17,360,478	-0.6%
Expenses	$6,051,791	$2,418,352	+1.5%
Net Income	$56,534	$14,942,126	-1.0%

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

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

$199,623

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Vince Reep	President	2.00	Officer Director	$0	$0	$0
Steve Goodall	Secretary	2.00	Officer Director	$0	$0	$0
Val Mack	Treasurer	2.00	Officer Director	$0	$0	$0
Susan Anderson	Member	0.10	Director	$0	$0	$0
Dr Tom Arnold	Member	0.10	Director	$0	$0	$0
Terald Bang	Member	0.10	Director	$0	$0	$0
Bob Baumann	Member	0.10	Director	$0	$0	$0
Hank Biesiot	Member	0.10	Director	$0	$0	$0
Dodie Birdsall	Member	0.10	Director	$0	$0	$0
Robert Bollinger	Member	0.10	Director	$0	$0	$0
Paul Clarys	Member	0.10	Director	$0	$0	$0
Haylee Cripe	Member	0.10	Director	$0	$0	$0
Bruce Dolezal	Member	0.10	Director	$0	$0	$0
Steve Easton	Member	0.10	Director	$0	$0	$0
Mandie Erickson	Member	0.10	Director	$0	$0	$0
Robert Green	Member	0.10	Director	$0	$0	$0
Grant Haugland	Member	0.10	Director	$0	$0	$0
Dr Brian Jesperson	Member	0.10	Director	$0	$0	$0
Amber Kuntz	Member	0.10	Director	$0	$0	$0
Scott Molander	Member	0.10	Director	$0	$0	$0
Klayton Oltmanns	Member	0.10	Director	$0	$0	$0
Steve Perdue	Member	0.10	Director	$0	$0	$0
Irene Schafer	Member	0.10	Director	$0	$0	$0
Jim Schwartz	Member	0.10	Director	$0	$0	$0
Pete Stanton	Member	0.10	Director	$0	$0	$0
Deb Zilllich	Member	0.10	Director	$0	$0	$0
Ty Orton	Executive Director	40.00	Officer	$160,558	$39,065	$199,623

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$6,108,325	$6,051,791	$26,838,747	$56,534
2022	$17,360,478	$2,418,352	$25,913,941	$14,942,126
2021	$2,503,848	$2,038,735	$12,984,247	$465,113
2020	$4,084,767	$1,668,497	$11,391,161	$2,416,270
2019	$2,263,985	$1,183,587	$9,196,455	$1,080,398
2018	$7,068,110	$1,408,886	$10,148,797	$5,659,224