COMMUNITY FOUNDATIONS INC

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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

1987

Legal Domicile

Principal Officer

SCOTT G HEITKAMP

Phone

6142514000

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY FOUNDATIONS INC, founded in 1987, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $6.7M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Net assets of $71.8M represent 128 months of operating reserves.

Mission

COMMUNITY FOUNDATIONS, INC. WAS ESTABLISHED IN 1987 TO SERVE GEOGRAPHIC AREAS BEYOND CENTRAL OHIO. ENTRUSTED WITH THE RESPONSIBILITY TO IMPROVE THE COMMUNITY'S QUALITY OF LIFE, COMMUNITY FOUNDATIONS, INC. EMBRACES THE FOLLOWING: TO ASSIST DONORS AND OTHERS IN STRENGTHENING AND IMPROVING THE COMMUNITY FOR THE BENEFIT OF ALL ITS CITIZENS.

Program Service Accomplishments

Program 1

Expenses: $3,963,221 Revenue: $0

RELIGION

Program 2

Expenses: $1,147,715 Revenue: $0

EDUCATION

Program 3

Expenses: $767,494 Revenue: $0

SOCIAL SERVICES

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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 $3,314,832

Program Service Revenue $0

Investment Income $3,392,130

Other Revenue $0

TOTAL REVENUE $6,706,962

Expense Breakdown

Grants Paid $6,712,132

Salaries & Benefits $0

Fundraising Expenses $124,892

Program Expenses $6,907,605

Other Expenses $555,321

TOTAL EXPENSES $7,267,453

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,706,962	$5,767,634	+0.2%
Expenses	$7,267,453	$5,200,547	+0.4%
Net Income	$-560,491	$567,087	-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

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

$2,272,635

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLARK KELLOGG	CHAIRPERSON/TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY W EDWARDS	VICE CHAIR/TRUSTEE	1.00	Director	$0	$0	$0
JANE GROTE ABELL	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE S BARRETT	TRUSTEE	1.00	Director	$0	$0	$0
LISA INGRAM	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM J HICKS II MD	TRUSTEE	1.00	Director	$0	$0	$0
KATIE WOLFE LLOYD	TRUSTEE	1.00	Director	$0	$0	$0
MARCHELLE E MOORE	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW A SCANTLAND	TRUSTEE	1.00	Director	$0	$0	$0
DOUGLAS F KRIDLER	PRESIDENT & CEO	1.00	Officer	$0	$105,945	$680,084
SCOTT G HEITKAMP CPA	VICE PRESIDENT & CFO	1.00	Officer	$0	$63,469	$368,497
ANGELA G PARSONS	VICE PRESIDENT OF DSD	1.00	Officer	$0	$58,986	$314,116
DAN A SHARPE	VICE PRESIDENT OF CRGM	1.00	Officer	$0	$35,186	$259,068
GREGG OOSTERBAAN	VICE PRESIDENT - INFORMATI	1.00	Officer	$0	$51,333	$236,969
TAMARA J DURRENCE	VP - SUPPORTING (THRU 6/2023)	1.00	Officer	$0	$25,458	$215,191
AMY VICK	VICE PRESIDENT - COMMUNICA	1.00	Officer	$0	$47,841	$198,710

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	$6,706,962	$7,267,453	$72,428,915	$-560,491
2022	$5,767,634	$5,200,547	$67,171,680	$567,087
2021	$9,062,530	$6,833,615	$82,065,119	$2,228,915
2020	$6,037,757	$5,078,351	$76,753,094	$959,406
2019	$5,033,314	$4,990,683	$71,690,116	$42,631
2018	$8,179,973	$4,829,990	$63,064,609	$3,349,983