Ankeny Community Foundation (EIN 203850596) - 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

2005

Legal Domicile

Principal Officer

Mitch Van Kley

Phone

5152382800

Tax Period

2024-01-01 to 2024-12-31

Ankeny Community Foundation, founded in 2005, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $33K in total revenue in fiscal year 2024. Revenue fell 58% from the prior year — a significant decline worth monitoring. Net assets of $87K represent 32 months of operating reserves.

Mission

The Ankeny Community Foundation is committed to be responsible and to provide our community an opportunity to create a legacy.

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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 $29,133

Program Service Revenue $0

Investment Income $3,493

Other Revenue $0

TOTAL REVENUE $32,626

Expense Breakdown

Grants Paid $28,673

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $28,673

Other Expenses $6,690

TOTAL EXPENSES $35,363

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,626	$77,476	-0.6%
Expenses	$35,363	$66,467	-0.5%
Net Income	$-2,737	$11,009	-1.2%

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
Kerry Walter-Ashby	Past Chair	N/A	Officer	$0	$0	$0
Steve Van Oort	Chair	N/A	Officer	$0	$0	$0
Gina Rooney	Vice Chair	N/A	Officer	$0	$0	$0
Jennifer Sease	Board Member	N/A		$0	$0	$0
Doug Beech	Board Member	N/A		$0	$0	$0
Doug Ripley	Board Member	N/A		$0	$0	$0
Kim Schaaf	Board Member	N/A		$0	$0	$0
Mitch Van Kley	Treasurer	N/A	Officer	$0	$0	$0
Mindi Dayton	Secretary	N/A	Officer	$0	$0	$0
Jen Cross	Board Member	N/A		$0	$0	$0
Lisa Pagel	Board Member	N/A		$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	$32,626	$35,363	$87,055	$-2,737
2023	$77,476	$66,467	$89,692	$11,009
2022	$112,346	$104,880	$79,083	$7,466
2021	$14,317	$12,672	$71,217	$1,645
2020	$1,536	$16,654	$69,572	$-15,118

Ankeny Community Foundation