CSM ALUMNI FOUNDATION INC

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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

1936

Legal Domicile

Principal Officer

WILLIAM M ZISCH

Phone

3032733295

Tax Period

2019-07-01 to 2020-06-30

CSM ALUMNI FOUNDATION INC, founded in 1936, is a small nonprofit that reported $197K in total revenue in fiscal year 2019. Revenue decreased 16% compared to the prior year. Expenses of $2.4M exceeded revenue, resulting in a 1099% operating deficit.

Mission

THE CSM ALUMNI FOUNDATION'S MISSION IS TO CREATE AND NURTURE A CULTURE THAT PROMOTES COLORADO SCHOOL OF MINES' RICH TRADITION OF EXCELLENCE BY FOSTERING AND STRENGTHENING CONNECTIONS AND SERVICE AMONG MINES ALUMNI WITHIN THE MINES COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $70,551 Revenue: $65,071

THE FOUNDATION SEEKS TO ENGAGE AND CONNECT ALUMNI WITH THE INSTITUTION BY PLANNING PROGRAMS THAT PROMOTE THE UNIVERSITY AND THE ALUMNI NETWORK.

Program 2

Expenses: $40,000

FINANCIAL ASSISTANCE/PROFESSIONAL DEVELOPMENT - THE FOUNDATION PROVIDES BOTH FINANCIAL ASSISTANCE AND PROFESSIONAL DEVELOPMENT ASSISTANCE TO STUDENTS OF THE COLORADO SCHOOL OF MINES.

Program 3

Expenses: $2,108,284

THE FOUNDATION AMENDED ITS JOINT OPERATING AGREEMENT (JOA) WITH THE COLORADO SCHOOL OF MINES FOUNDATION (CSMF), IN WHICH THE FOUNDATION AGREED TO DONATE ALL ITS FUNDS TO CSMF IN ACCORDANCE WITH THE SIGNED GIFT AGREEMENT AS PART OF THE NEW JOA, WHICH IS EFFECTIVE JULY 1, 2020. CSMF WILL OVERSEE MANAGEMENT OF THE DONATED FUNDS AS PART OF ITS NORMAL OPERATIONS AND ADHERE TO ALL PREVIOUS RESTRICTIONS ASSOCIATED WITH THE FUNDS. UNDER THE NEW JOA, THE FOUNDATION WILL CONTINUE TO EXERCISE FIDUCIARY RESPONSIBILITY OVER THE BUSINESS AND AFFAIRS OF THE FOUNDATION, INCLUDING ALL ASSETS OWNED BY THE FOUNDATION. THE FOUNDATION COMPLETED THE DONATION OF ITS FUNDS TO CSMF WITHIN THE TAX YEAR ENDED JUNE 30, 2020.

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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 (2019)

Revenue Breakdown

Contributions & Grants $4,725

Program Service Revenue $65,071

Investment Income $96,123

Other Revenue $30,710

TOTAL REVENUE $196,629

Expense Breakdown

Grants Paid $2,148,284

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,223,410

Other Expenses $209,059

TOTAL EXPENSES $2,357,343

Year-over-Year Comparison

	2019	2018	Change
Revenue	$196,629	$233,159	-0.2%
Expenses	$2,357,343	$389,449	+5.1%
Net Income	$-2,160,714	$-156,290	+12.8%

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

N/A

Volunteers

2000

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
BILL ZISCH	PRESIDENT	1.00	Officer Director	$0	$0	$0
RAY PRIESTLEY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
APRILL NELSON	TREASURER	1.00	Officer Director	$0	$0	$0
MITCH KRUSE	SECRETARY	1.00	Officer Director	$0	$0	$0
BRADY MCCONATY	DIRECTOR/ASST. SECRETARY	1.00	Officer Director	$0	$0	$0
DAMIAN C FRIEND	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY BREWSTER	DIRECTOR	1.00	Director	$0	$0	$0
HARRY BRISCOE JR	DIRECTOR	1.00	Director	$0	$0	$0
SABINE BRUESKE	DIRECTOR	1.00	Director	$0	$0	$0
TRACY COPP	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW FLYNN	DIRECTOR	1.00	Director	$0	$0	$0
DEAN LILEY	DIRECTOR	1.00	Director	$0	$0	$0
TIM SAENGER	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE WESTERGAARD	DIRECTOR	1.00	Director	$0	$0	$0
STU BENNETT	INTERIM DIRECTOR	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
2020	$196,629	$2,357,343	$86,973	$-2,160,714
2019	$233,159	$389,449	$2,232,763	$-156,290
2018	$248,928	$317,872	$2,304,773	$-68,944