LEROY COMMUNITY FOUNDATION

EIN: 311634422 501(c)(3) Philanthropy & Grantmaking

LEROY, MN

Total Revenue
$140,493
Total Expenses
$210,391
Total Assets
$228,542
Net Assets
$227,243
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MN
Principal Officer
KEVIN JANSSEN
Phone
5079514885
Tax Period
2024-01-01 to 2024-12-31

LEROY COMMUNITY FOUNDATION, founded in 1998, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $140K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $210K exceeded revenue, resulting in a 50% operating deficit.

Mission

TO STRENGTHEN THE COMMUNITY OF LEROY THROUGH FUNDS USED EXCLUSIVELY FOR THE CIVIC BETTERMENT, HEALTH, LITERARY, RECREATIONAL, MUSICAL, HISTORICAL AND CULTURAL PURPOSES.

Program Service Accomplishments

Program 1
Expenses: $210,391

ADMINISTERED FUNDS TO COMMUNITY OF LEROY USED FOR THE CIVIC BETTERMENT, HEALTH, LITERARY, RECREATIONAL, MUSICAL, HISTORICAL AND CULTURAL PURPOSES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $118,423
Program Service Revenue $0
Investment Income $840
Other Revenue $21,230
TOTAL REVENUE $140,493

Expense Breakdown

Grants Paid $210,316
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $210,391
Other Expenses $75
TOTAL EXPENSES $210,391

Year-over-Year Comparison

2024 2023 Change
Revenue $140,493 $118,992 +0.2%
Expenses $210,391 $79,381 +1.7%
Net Income $-69,898 $39,611 -2.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
16
Employees
1
Volunteers
17

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
$12,750
Total Directors
17
$12,750
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN JANSSEN CHAIRMAN 1.00
Officer Director
$0 $0 $0
DAVID LUNNING DIRECTOR 1.00
Director
$0 $0 $0
NEAL BUCKNELL DIRECTOR 1.00
Director
$0 $0 $0
ASHLEY DOHLMAN DIRECTOR 1.00
Director
$0 $0 $0
DAWN HOLMQUIST DIRECTOR 1.00
Director
$0 $0 $0
WENDY VIKRE SECRETARY 1.00
Officer Director
$0 $0 $0
DEB REBURN DIRECTOR 1.00
Director
$0 $0 $0
JANET ROSEDAHL TREASURER 1.00
Officer Director
$0 $0 $0
KATE ROHRER DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER GUMBEL DIRECTOR 1.00
Director
$0 $0 $0
KERRI ROWE GAMBLING MANAGER 10.00
Officer Director
$12,750 $0 $12,750
BRENDA SOLTAU DIRECTOR 1.00
Director
$0 $0 $0
TLISA SCHAEFER DIRECTOR 1.00
Director
$0 $0 $0
MATT MAIN DIRECTOR 1.00
Director
$0 $0 $0
GEORGIA EASTVOLD VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
BARRY REBURN DIRECTOR 1.00
Director
$0 $0 $0
CARYN LEWISON DIRECTOR 1.00
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 $140,493 $210,391 $228,542 $-69,898
2023 $118,992 $79,381 $298,600 $39,611
2022 $106,947 $108,606 $258,217 $-1,659
2021 $78,357 $42,391 $259,362 $35,966
2020 $60,310 $80,917 $223,223 $-20,607
2019 $113,577 $87,848 $244,460 $25,729
2018 $64,879 $82,474 $218,470 $-17,595
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