HASTINGS CATHOLIC EDUCATION FOUND

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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

LEON ENDRES

Phone

6125989993

Tax Period

2024-01-01 to 2024-12-31

HASTINGS CATHOLIC EDUCATION FOUND, founded in 2018, is a small nonprofit in the Religion sector that reported $307K in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $154K, a strong 50% operating margin.

Mission

THE FOUNDATION'S MISSION IS TO ENCOURAGE, PROMOTE AND FOSTER CATHOLIC EDUCATION IN HASTINGS, MINNESOTA AND SURROUNDING COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $109,005

ALLOCATIONS FOR CAPITAL IMPROVEMENTS (65,570), MISSIONS AND MINISTRIES (41,435), AND TUITION ASSISTANCE(2,000) WERE MADE IN 2024.

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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 $102,962

Program Service Revenue $0

Investment Income $103,267

Other Revenue $100,869

TOTAL REVENUE $307,098

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $109,005

Other Expenses $151,525

TOTAL EXPENSES $153,525

Year-over-Year Comparison

	2024	2023	Change
Revenue	$307,098	$177,002	+0.7%
Expenses	$153,525	$119,153	+0.3%
Net Income	$153,573	$57,849	+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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY BAMBENEK	ASST. TREASU	1.00	Officer Director	$0	$0	$0
NICHOLAS CONZEMIUS	DIRECTOR, BO	1.00	Director	$0	$0	$0
LEON ENDRES	PRESIDENT, D	1.00	Officer Director	$0	$0	$0
FATHER DAVID HENNEN	DIRECTOR, PA	1.00	Director	$0	$0	$0
KARI KASEL	SECRETARY, D	1.00	Officer Director	$0	$0	$0
RACHEL KOENIGS	DIRECTOR, CO	1.00	Director	$0	$0	$0
DOUGLAS LAUMEYER	TREASURER, D	1.00	Officer Director	$0	$0	$0
SHAWNDEL SPADER	DIRECTOR, SF	1.00	Director	$0	$0	$0
TIM SULLIVAN	DIRECTOR, SC	1.00	Director	$0	$0	$0
SARAH WISE-SCHWIEGER	VICE PRES.,	1.00	Officer 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
2024	$307,098	$153,525	$1,971,451	$153,573
2023	$177,002	$119,153	$1,641,870	$57,849
2022	$245,493	$105,855	$1,306,561	$139,638
2021	$254,046	$65,174	$1,643,707	$188,872
2020	$140,908	$77,756	$1,400,985	$63,152
2019	$115,172	$92,059	$1,205,476	$23,113
2018	$87,062	$102,973	$957,986	$-15,911