MARVIN M JORGENSEN CHARITABLE TRUST

EIN: 876969181 501(c)(3) Health Care

URBANDALE, IA

Total Revenue
$2,746,391
Total Expenses
$2,756,556
Total Assets
$105,295,995
Net Assets
$76,595,995
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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
IA
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.

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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 $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

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Governance

Voting Members
1
Independent Members
1
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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