THE FOUNDATION FOR NORTHWEST IL

EIN: 300080762 501(c)(3) Philanthropy & Grantmaking

FREEPORT, IL

Total Revenue
$349,055
Total Expenses
$492,147
Total Assets
$5,520,488
Net Assets
$5,283,015
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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
2002
Legal Domicile
IL
Principal Officer
MICHELLE DEHAVEN QUAST
Phone
8158013035
Tax Period
2023-01-01 to 2023-12-31

FREEPORT COMMUNITY FOUNDATION, founded in 2002, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $736K in total revenue in fiscal year 2018. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $424K, a strong 58% operating margin.

Mission

TO HELP PROVIDE FOR THE WELL-BEING OF THE CITIZENS OF NORTHWEST ILLINOIS BY ACCUMULATING ASSETS IN THE FORM OF PERMANENT ENDOWMENT FUNDS & PRUDENTLY DISTRIBUTING INCOME FROM THOSE FUNDS TO CHARITABLE ORGANIZATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $200,365
Program Service Revenue $0
Investment Income $138,073
Other Revenue $10,617
TOTAL REVENUE $349,055

Expense Breakdown

Grants Paid $235,792
Salaries & Benefits $134,898
Fundraising Expenses $3,112
Program Expenses $244,092
Other Expenses $121,457
TOTAL EXPENSES $492,147

Year-over-Year Comparison

2023 2022 Change
Revenue $349,055 $214,027 +0.6%
Expenses $492,147 $430,231 +0.1%
Net Income $-143,092 $-216,204 -0.3%
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

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Governance

Voting Members
11
Independent Members
11
Employees
2
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
5
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELLE DEHAVEN QUAST CEO N/A
Officer
$0 $0 $0
KIM RAMPENTHAL PRESIDENT N/A
Officer Director
$0 $0 $0
MATT MOYER VICE PRESIDE N/A
Officer Director
$0 $0 $0
ANDREA SCHULTZ WINTER PAST PRESIDE N/A
Officer Director
$0 $0 $0
JENNY BLOCKER TREASURER N/A
Officer Director
$0 $0 $0
BRADLEY STEWART MEMBER N/A
Director
$0 $0 $0
CINDY FOLEY MEMBER N/A
Director
$0 $0 $0
NICK GRINDEY MEMBER N/A
Director
$0 $0 $0
SAMANTHA SCHAIBLE MEMBER N/A
Director
$0 $0 $0
YVETTE SELLERS MEMBER N/A
Director
$0 $0 $0
ANDREW STEWART MEMBER N/A
Director
$0 $0 $0
JUDD THRUMAN MEMBER N/A
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
2024 No data No data No data No data
2023 $349,055 $492,147 $5,520,488 $-143,092
2022 $297,028 $437,486 $5,131,242 $-140,458
2022 $214,027 $430,231 $5,131,242 $-216,204
2021 $1,390,452 $376,257 $6,123,484 $1,014,195
2020 $649,371 $617,534 $5,604,486 $31,837
2019 $272,224 $338,676 $5,379,092 $-66,452
2018 $735,710 $311,931 $4,749,449 $423,779
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