HANKINSON EDUCATION FOUNDATION

EIN: 811325430 501(c)(3) Education

HANKINSON, ND

Total Revenue
$92,521
Total Expenses
$76,660
Total Assets
$826,735
Net Assets
$826,735
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
ND
Principal Officer
DARWIN KRATCHA
Phone
7012427292
Tax Period
2025-01-01 to 2025-12-31

HANKINSON EDUCATION FOUNDATION, founded in 2016, is a micro nonprofit in the Education sector that reported $93K in total revenue in fiscal year 2025. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16K, a strong 17% operating margin.

Mission

FORMED TO HELP FOSTER IN HANKINSON PUBLIC SCHOOL STUDENTS AND GRADUATES ACADEMIC EXCELLENCE SELF CONFIDENCE INTEGRITY GOOD VALUE SYSTEM PASSION FOR LEARNING PERSONALITY DEVELOPOMENT TEAMWORK SCHOOL ENTHUSIASM UNITY AND TO ENDEAVOR TO MAKE THEM INTO WELL-ROUNDED RESPONSIBLE ADULTS

Program Service Accomplishments

Program 1
Expenses: $75,415 Revenue: $36,966

THE FOUNDATION WAS ENDOWED BY A GRADUATE OF THE HANKINSON PUBLIC SCHOOL DISTRICT FOR THE PURPOSE OF PROVIDING COLLEGE SCHOLARSHIPS TO GRADUATES OF THE HANKINSON PUBLIC SCHOOL DISTRICT WITH A GPA OF...

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THE FOUNDATION WAS ENDOWED BY A GRADUATE OF THE HANKINSON PUBLIC SCHOOL DISTRICT FOR THE PURPOSE OF PROVIDING COLLEGE SCHOLARSHIPS TO GRADUATES OF THE HANKINSON PUBLIC SCHOOL DISTRICT WITH A GPA OF AT LEAST 3.0 BASED ON A 4.0 SCALE AND WHO CHOOSE TO ATTEND COLLEGE OR UNIVERSITY LOCATED IN THE STATE OF NORTH DAKOTA. FOUR SCHOLARSHIPS ARE AWARDED TO HANKINSON HIGH SCHOOL STUDENTS EACH YEAR AND ARE IN TH AMOUNT OF $ 2,000 PER ACADEMIC YEAR. RECIPIENTS CAN RENEW THEIR SCHOLORSHIPS YEARLY FOR AN ADDITIONAL THREE YEARS FOR A TOTAL OF FOUR YEARS PROVIDED THAT THEY CONTINUE TO BE ENROLLED FULL TIME IN A NORTH DAKOTA COLLEGE OR UNIVERSITY AND THEY CAN MAINTAIN AT LEAST A 3.0 GPA BASED ON A SCALE OF 4.0. THE AWARD OF SCHOLORSHIPS ARE BASED ON HIGH SCHOOL ACADEMIC PERFORMANCE HIGH SCHOOL ECXTRACURRICULAR AND COMMUNITY INVOLVEMENT AND INTENDED COURSE OF THE RECIPIENTS STUDY WITH AN EMPHASIS BEING PLACED ON MATH AND SCIENCE. FOUR NEW SCHOLARSHIPS WILL BE AWARDED ANNUALLY TO HIGH SCHOOL SENIORS AND FOR THEIR FIRST YEAR OF COLLEGE PROVIDED THAT ALL OF THE RECIPIENTS RE-APPLY FOR ADDITIONAL SCHOLARSHIP THE FOUNDATION INTENDS AFTER FOUR YEARS TO HAVE 16 SCHOLARSHIPS AWARDED.

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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 $0
Program Service Revenue $0
Investment Income $92,521
Other Revenue $0
TOTAL REVENUE $92,521

Expense Breakdown

Grants Paid $74,355
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $75,415
Other Expenses $2,305
TOTAL EXPENSES $76,660

Year-over-Year Comparison

2025 2024 Change
Revenue $92,521 $68,407 +0.4%
Expenses $76,660 $90,272 -0.2%
Net Income $15,861 $-21,865 -1.7%
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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Governance

Voting Members
7
Independent Members
7
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
4
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEATHER SEVIAND DIRECTOR 1.00
Director
$0 $0 $0
TERA PAULSON DIRECTOR 1.00
Director
$0 $0 $0
NICK FOERTSCH DIRECTOR 1.00
Director
$0 $0 $0
DARWIN KRATCHA PRESIDENT 1.00
Officer
$0 $0 $0
JEFF STEIN VICE PRESIDENT 1.00
Officer
$0 $0 $0
JASON SEMERAD SECRETARY 1.00
Officer
$0 $0 $0
ANTHONY WAHLER TREASURER 1.00
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 $92,521 $76,660 $826,735 $15,861
2024 $68,407 $90,272 $799,227 $-21,865
2023 $56,608 $42,536 $800,755 $14,072
2022 $39,279 $62,448 $770,284 $-23,169
2021 $48,637 $47,184 $894,598 $1,453
2020 $27,352 $61,065 $796,102 $-33,713
2019 $36,775 $43,403 $805,200 $-6,628
2018 $40,783 $76,476 $739,150 $-35,693
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