CEDAR FALLS SCHOOLS FOUNDATION

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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

JESSIE SORENSEN

Phone

3192687007

Tax Period

2024-07-01 to 2025-06-30

CEDAR FALLS SCHOOLS FOUNDATION, founded in 2005, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $3.3M exceeded revenue, resulting in a 59% operating deficit.

Mission

SUPPORTING, ENHANCING AND EXPANDING OPPORUTNITES THROUGHOUT CEDAR FALLS COMMUNITY SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $3,203,459

THE CEDAR FALLS COMMUNITY SCHOOL FOUNDATION RAISES FUNDS WHICH ARE USED TO ENCOURAGE AND PROMOTE THE IMPROVEMENT OF THE QUALITY OF EDUCATION WITHIN THE CEDAR FALLS COMMUNITY SCHOOL DISTRICT.

Program 2

Expenses: $24,551

PROVIDE SCHOLARSHIPS TO HIGH SCHOOL SENIORS AND RECENT GRADUATES THAT ARE CONTINUING THEIR POST HIGH SCHOOL EDUCATIONS.

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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 $1,517,806

Program Service Revenue $0

Investment Income $563,708

Other Revenue $0

TOTAL REVENUE $2,081,514

Expense Breakdown

Grants Paid $3,183,694

Salaries & Benefits $77,470

Fundraising Expenses $21,805

Program Expenses $3,228,010

Other Expenses $57,588

TOTAL EXPENSES $3,318,752

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,081,514	$2,663,127	-0.2%
Expenses	$3,318,752	$1,508,602	+1.2%
Net Income	$-1,237,238	$1,154,525	-2.1%

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

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

$55,957

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MONICA BOYER	EXECUTIVE DI	25.00	Officer	$55,957	$0	$55,957
KATHY BUTLER	DIRECTOR	N/A	Director	$0	$0	$0
CHRIS GEHLING	DIRECTOR	N/A	Director	$0	$0	$0
DENELLE GONNERMAN	EX-OFFICIO	N/A	Director	$0	$0	$0
SUSIE HINES	DIRECTOR	N/A	Director	$0	$0	$0
ROCHELLE KANE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
AMY KOHLHAAS	DIRECTOR	N/A	Director	$0	$0	$0
RJ MEYER	DIRECTOR	N/A	Director	$0	$0	$0
TRACY MUDD	DIRECTOR	N/A	Director	$0	$0	$0
JAYMIE ODELL	DIRECTOR	N/A	Director	$0	$0	$0
ANDY PATTEE	EX-OFFICIO	N/A	Director	$0	$0	$0
HELEN PEARCE	TREASURER	N/A	Officer Director	$0	$0	$0
VICKIE ROBINSON	PAST PRESIDE	N/A	Officer Director	$0	$0	$0
JESSIE SORENSEN	PRESIDENT	N/A	Officer Director	$0	$0	$0
BRIAN UNRUH	DIRECTOR	N/A	Director	$0	$0	$0
DAVE VANDEVENTER	DIRECTOR	N/A	Director	$0	$0	$0
BONNIE WULFEKUHLE	SECRETARY	N/A	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
2025	$2,081,514	$3,318,752	$6,776,129	$-1,237,238
2024	$2,663,127	$1,508,602	$8,049,219	$1,154,525
2023	$2,362,738	$575,911	$6,666,997	$1,786,827
2022	$1,467,904	$181,583	$4,609,886	$1,286,321
2021	$932,392	$212,252	$3,960,976	$720,140
2020	$284,531	$178,378	$2,968,643	$106,153
2019	$249,267	$131,566	$2,835,648	$117,701