HUDSON COMMUNITY FOUNDATION

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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

2000

Legal Domicile

Principal Officer

JENESA LUKAC

Phone

3306553580

Tax Period

2023-01-01 to 2023-12-31

HUDSON COMMUNITY FOUNDATION, founded in 2000, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $6.2M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $5.8M left a modest 8% surplus.

Mission

FOUNDED IN 2000, HUDSON COMMUNITY FOUNDATION'S MISSION IS TO ENHANCE THE OVERALL QUALITY OF LIFE IN THE HUDSON AREA BY INCREASING CHARITABLE GIVING, EDUCATING, AND CONNECTING DONORS TO COMMUNITY NEEDS AND LEADING ON COMMUNITY ISSUES. THE FOUNDATION, SUPPORTED BY HUNDREDS OF LOCAL DONORS AND DONOR ADVISED FUNDS, OPERATES FROM AN OFFICE IN THE HISTORIC BALDWIN HOUSE ON HUDSON'S VILLAGE GREEN AND IS GOVERNED BY A VOLUNTEER BOARD OF DIRECTORS AND LED BY A PROFESSIONAL STAFF.

Program Service Accomplishments

Program 1

Expenses: $5,394,046

HUDSON COMMUNITY FOUNDATION HAS EFFECTIVELY PARTNERED WITH OVER 50 LOCAL NONPROFITS TO ADDRESS CRITICAL ISSUES SUCH AS FOOD INSECURITY, STUDENT NEEDS IN SCHOOL DISTRICT, AND MENTAL HEALTH. IN THE...

HUDSON COMMUNITY FOUNDATION HAS EFFECTIVELY PARTNERED WITH OVER 50 LOCAL NONPROFITS TO ADDRESS CRITICAL ISSUES SUCH AS FOOD INSECURITY, STUDENT NEEDS IN SCHOOL DISTRICT, AND MENTAL HEALTH. IN THE PAST YEAR, IT PROVIDED OVER $5,000,000 IN GRANTS AND SCHOLARSHIPS, ENABLING THESE ORGANIZATIONS TO EXPAND THEIR SERVICES. FOR EXAMPLE, A GRANT TO A LOCAL FOOD BANK ALLOWED THEM TO INCREASE THEIR OUTREACH EFFORTS, RESULTING IN A 30% RISE IN THE NUMBER OF FAMILIES SERVED. ADDITIONALLY, THE FOUNDATION ORGANIZED A SERIES OF CAPACITY-BUILDING WORKSHOPS, ENHANCING THE OPERATIONAL SKILLS OF THESE NONPROFITS AND ENSURING LONG-TERM SUSTAINABILITY.THE FOUNDATION HAS SUCCESSFULLY COLLABORATED WITH LOCAL ARTS AND CULTURAL ORGANIZATIONS TO ENRICH THE COMMUNITY'S CULTURAL LANDSCAPE BY BRINGING FREE CONCERTS TO THE COMMUNITY.THESE PROGRAM SERVICES NOT ONLY ADDRESS IMMEDIATE COMMUNITY NEEDS BUT ALSO CONTRIBUTE TO THE OVERALL DEVELOPMENT AND WELL-BEING OF THE LOCAL POPULATION, FOSTERING A VIBRANT, CONNECTED, AND RESILIENT COMMUNITY.

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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 $5,543,773

Program Service Revenue $0

Investment Income $635,784

Other Revenue $63,695

TOTAL REVENUE $6,243,252

Expense Breakdown

Grants Paid $5,096,445

Salaries & Benefits $157,665

Fundraising Expenses $23,641

Program Expenses $5,394,046

Other Expenses $504,900

TOTAL EXPENSES $5,759,010

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,243,252	$5,210,898	+0.2%
Expenses	$5,759,010	$3,289,535	+0.8%
Net Income	$484,242	$1,921,363	-0.7%

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

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

$99,578

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL CURRIN	BOARD MEMBER	2.00	Director	$0	$0	$0
BILL SEDLACEK	CHAIRMAN	2.00	Officer Director	$0	$0	$0
BRAD WRIGHT	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID SCHWEIGHOEFER	BOARD MEMBER	2.00	Director	$0	$0	$0
DEXTER JAMES	BOARD MEMBER	2.00	Director	$0	$0	$0
JAN GUSICH	BOARD MEMBER	2.00	Director	$0	$0	$0
JASON BOGNIARD	BOARD MEMBER	2.00	Director	$0	$0	$0
JENESA LUKAC	TREASURER	2.00	Officer Director	$0	$0	$0
JIM SLUZEWSKI	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN ARCHER	BOARD MEMBER	2.00	Director	$0	$0	$0
KARIN STIFLER	BOARD MEMBER	2.00	Director	$0	$0	$0
LINDSAY BARAN	BOARD MEMBER	2.00	Director	$0	$0	$0
LISA RADIGAN	BOARD MEMBER	2.00	Director	$0	$0	$0
NICK BUZZELLI	BOARD MEMBER	2.00	Director	$0	$0	$0
PATRICIA MYERS	BOARD MEMBER	2.00	Director	$0	$0	$0
PAUL MARTIN	BOARD MEMBER	2.00	Director	$0	$0	$0
SHARON WHITACRE	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHELLE CIANCIO	BOARD MEMBER	2.00	Director	$0	$0	$0
TOM SPEAKS	BOARD MEMBER	2.00	Director	$0	$0	$0
AMY JORDAN	PRESIDENT	40.00	Officer	$99,578	$0	$99,578

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	$6,243,252	$5,759,010	$30,488,545	$484,242
2022	$5,210,898	$3,289,535	$26,647,595	$1,921,363
2021	$4,036,593	$2,512,241	$29,386,115	$1,524,352
2020	$3,065,961	$3,422,309	$25,042,262	$-356,348
2019	$4,681,905	$2,520,622	$22,693,966	$2,161,283
2018	$3,017,530	$3,573,767	$17,607,571	$-556,237