Bismarck State College Innovations Foundation (EIN 824029826) - 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

2018

Legal Domicile

Principal Officer

Rebecca Collins

Phone

7012445476

Tax Period

2020-07-01 to 2021-06-30

Bismarck State College Innovations Foundation, founded in 2018, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2020. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $1.0M left a modest 7% surplus.

Mission

To support & advance BSC through high quality training & education in foreign markets.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,085,125

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,085,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $722,124

Fundraising Expenses $0

Program Expenses $683,631

Other Expenses $284,461

TOTAL EXPENSES $1,006,585

Year-over-Year Comparison

	2020	2019	Change
Revenue	$1,085,125	$3,366,121	-0.7%
Expenses	$1,006,585	$3,046,748	-0.7%
Net Income	$78,540	$319,373	-0.8%

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

Volunteers

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

$546,762

Total Directors

$434,103

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dan Leingang	Trustee	0.30	Director	$0	$38,429	$178,196
Rebecca Collins	Execute Director	0.30	Officer	$0	$37,598	$177,221
Larry Skogen	Trustee	0.30	Director	$0	$0	$137,755
Zachery Allen	General Manager thru Sept 2020	40.00	Officer	$137,610	$0	$137,610
Sonya Koble	Secretary/Treasurer	2.00	Officer Director	$0	$28,843	$118,152
Yousef Alzamil	General Manager starting Oct 2020	40.00	Officer	$113,779	$0	$113,779
Kelvin Hullet	President	0.30	Officer Director	$0	$0	$0
David Farnsworth	Vice President	0.30	Officer Director	$0	$0	$0
David Clark	Trustee	0.30	Director	$0	$0	$0
Paul Sukut	Trustee	0.30	Director	$0	$0	$0
David Goodin	Trustee	0.30	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
2021	$1,085,125	$1,006,585	$1,239,026	$78,540
2020	$3,366,121	$3,046,748	$2,524,901	$319,373

Bismarck State College Innovations Foundation