CORRY COMMUNITY FOUNDATION (EIN 251850006) - 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

1999

Legal Domicile

Principal Officer

KAREN BILOWITH

Phone

8144540843

Tax Period

2023-01-01 to 2023-12-31

CORRY COMMUNITY FOUNDATION, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $894K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 20% operating deficit.

Mission

PUBLIC CHARITY COMMUNITY FOUNDATION

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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 $371,244

Program Service Revenue $0

Investment Income $522,546

Other Revenue $0

TOTAL REVENUE $893,790

Expense Breakdown

Grants Paid $811,791

Salaries & Benefits $0

Fundraising Expenses $9,241

Program Expenses $954,194

Other Expenses $260,123

TOTAL EXPENSES $1,071,914

Year-over-Year Comparison

	2023	2022	Change
Revenue	$893,790	$1,193,127	-0.3%
Expenses	$1,071,914	$1,013,306	+0.1%
Net Income	$-178,124	$179,821	-2.0%

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

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

$315,668

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHIP COLWELL	TRUSTEE (EMERITUS - NON VO	1.00	Director	$0	$0	$0
JILL GIBSON	TREASURER	1.00	Officer Director	$0	$0	$0
PAT GOODSEL	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
WENDY NECKERS	TRUSTEE	1.00	Director	$0	$0	$0
RICK PETERSON	TRUSTEE	1.00	Director	$0	$0	$0
MARNE ROCHE	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVE SAMPLE	TRUSTEE	1.00	Director	$0	$0	$0
MARY ALICE HAMMOND	TRUSTEE (EMERITUS - NON VO	1.00	Director	$0	$0	$0
MAMIE SPRANDEL	TRUSTEE (EMERITUS - NON VO	1.00	Director	$0	$0	$0
BILL NICHOLS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JASON HALFAST	TRUSTEE	1.00	Director	$0	$0	$0
KIM HAWKES	TRUSTEE	1.00	Director	$0	$0	$0
BILL ROCHE	TRUSTEE (EMERITUS - NON VO	1.00	Director	$0	$0	$0
SCOTT FOGLE	TRUSTEE	1.00	Director	$0	$0	$0
KAREN BILOWITH	PRESIDENT	1.00	Officer	$0	$31,168	$315,668

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	$893,790	$1,071,914	$17,745,270	$-178,124
2022	$1,193,127	$1,013,306	$16,760,352	$179,821
2021	$1,913,879	$900,086	$18,826,281	$1,013,793
2020	$667,017	$705,253	$16,137,368	$-38,236
2019	$814,305	$751,407	$14,661,673	$62,898
2018	$1,444,143	$701,499	$12,952,661	$742,644

CORRY COMMUNITY FOUNDATION