MARVIN M JORGENSEN CHARITABLE TRUST

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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

2022

Legal Domicile

Principal Officer

IOWA STATE BANK

Phone

5153347726

Tax Period

2025-01-01 to 2025-12-31

MARVIN M JORGENSEN CHARITABLE TRUST, founded in 2022, is a community nonprofit in the Health Care sector that reported $2.7M in total revenue in fiscal year 2025. Revenue fell 97% from the prior year — a significant decline worth monitoring. Net assets of $76.6M represent 335 months of operating reserves.

Mission

THIS TRUST SHALL BE SOLELY FOR THE BENEFIT OF MAYO CLINIC, ROCHESTER, MINNESOTA.

Program Service Accomplishments

Program 1

Expenses: $2,670,586

FUNDS ARE TO BE USED FOR MEDICAL EQUIPMENT AND RESEARCH AT MAYO CLINIC.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $360,565

Other Revenue $2,385,826

TOTAL REVENUE $2,746,391

Expense Breakdown

Grants Paid $2,670,586

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,670,586

Other Expenses $85,970

TOTAL EXPENSES $2,756,556

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,746,391	$100,446,187	-1.0%
Expenses	$2,756,556	$2,555,793	+0.1%
Net Income	$-10,165	$97,890,394	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IOWA STATE BANK	Trustee	0.00		$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	$2,746,391	$2,756,556	$105,295,995	$-10,165
2024	$100,446,187	$2,555,793	$105,358,633	$97,890,394
2023	$3,734,176	$223,048	$7,415,628	$3,511,128
2022	$3,904,669	$169	$3,904,500	$3,904,500