COON RAPIDS COMMUNITY SCHOLARSHIP (EIN 237367420) - 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

1965

Legal Domicile

Principal Officer

GAIL OWEN

Tax Period

2023-01-01 to 2023-12-31

COON RAPIDS COMMUNITY SCHOLARSHIP, founded in 1965, is a small nonprofit in the Education sector that reported $305K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $271K left a modest 11% surplus.

Mission

PROVIDE SCHOLARSHIPS TO COON RAPIDS HIGH SCHOOL SENIORS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $197,602

Program Service Revenue $0

Investment Income $7,802

Other Revenue $100,000

TOTAL REVENUE $305,404

Expense Breakdown

Grants Paid $245,850

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $263,126

Other Expenses $24,981

TOTAL EXPENSES $270,831

Year-over-Year Comparison

	2023	2022	Change
Revenue	$305,404	$256,221	+0.2%
Expenses	$270,831	$240,901	+0.1%
Net Income	$34,573	$15,320	+1.3%

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
WILLIAM REICHENBORN	DIRECTOR	2.00	Director	$0	$0	$0
AMY STORRICK	DIRECTOR	2.00	Director	$0	$0	$0
TODD MENSINK	DIRECTOR	2.00	Director	$0	$0	$0
HOWARD HELGEN	DIRECTOR	2.00	Director	$0	$0	$0
JULIA CORNEIL-SMITH	DIRECTOR	2.00	Director	$0	$0	$0
LIBBY STORRICK-PEIL	DIRECTOR	2.00	Director	$0	$0	$0
ALVIN POWELL	DIRECTOR	2.00	Director	$0	$0	$0
CINDI MILLER	DIRECTOR	2.00	Director	$0	$0	$0
JERLIE JENSEN	DIRECTOR	2.00	Director	$0	$0	$0
JOHN SANDERS	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE BESST	SECRETARY	5.00	Officer	$0	$0	$0
JAMES BESST	PRESIDENT	5.00	Officer	$0	$0	$0
GAIL OWEN	TREASURER	5.00	Officer	$0	$0	$0
GARY SMITH	VICE PRESIDENT	5.00	Officer	$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	No data	No data	No data	No data
2023	$305,404	$270,831	$292,580	$34,573
2022	$256,221	$240,901	$258,007	$15,320
2021	$232,182	$263,757	$242,687	$-31,575
2020	$217,041	$233,743	$274,262	$-16,702
2019	$235,908	$224,644	$290,964	$11,264
2018	$275,384	$274,614	$279,701	$770

COON RAPIDS COMMUNITY SCHOLARSHIP