HASTINGS COMMUNITY FOUNDATION 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

1988

Legal Domicile

Principal Officer

ROGER DOERR

Phone

4024625152

Tax Period

2023-01-01 to 2023-12-31

HASTINGS COMMUNITY FOUNDATION INC, founded in 1988, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.1M in total revenue in fiscal year 2023. Revenue surged 112% from the prior year, signaling strong growth momentum. Expenses of $3.0M left a modest 4% surplus.

Mission

THE HASTINGS COMMUNITY FOUNDATION WORKS TO PERPETUATE AND ENRICH THE QUALITY OF LIFE IN HASTINGS AND THE SURROUNDING AREA THROUGH THE PRUDENT INVESTMENT AND MANAGEMENT OF PHILANTHROPIC DONATIONS.

Program Service Accomplishments

Program 1

Expenses: $2,650,497

DISTRIBUTIONS TO QUALIFIED 501(C)(3) ORGANIZATIONS AND GOVERNMENTAL ORGANIZATIONS - THESE DONATIONS ARE USED BY THE RECEIVING ORGANIZATIONS TO FURTHER THEIR EXEMPT PURPOSE. DISTRIBUTIONS SHALL BE...

DISTRIBUTIONS TO QUALIFIED 501(C)(3) ORGANIZATIONS AND GOVERNMENTAL ORGANIZATIONS - THESE DONATIONS ARE USED BY THE RECEIVING ORGANIZATIONS TO FURTHER THEIR EXEMPT PURPOSE. DISTRIBUTIONS SHALL BE DISBURSED ACCORDING TO THE INSTRUCTIONS OR LIMITATIONS CONTAINED IN THE GIFT OR IN THE WILL OF THE TESTATOR. THESE PURPOSES ARE DEFINED IN REG. 1.501(C)(3) - 1(D).

Program 2

Expenses: $17,500

SCHOLARSHIPS - UNDER ARTICLE IV OF ARTICLES, THE PURPOSE OF THE ORGANIZATION IS TO RECEIVE, ADMINISTER, INVEST, AND DISPENSE FUNDS FOR "EDUCATIONAL AND OTHER PURPOSES AS DEFINED IN REG. 1.501(C)(3) -...

Program 3

Expenses: $2,500

SCHOLARSHIPS - TOM OSBORNE SCHOLARSHIPS: UNDER AGREEMENT, THE PURPOSE OF THE ORGANIZATION IS TO RECEIVE, ADMINISTER, INVEST, AND DISPENSE FUNDS FOR "EDUCATIONAL AND OTHER PURPOSES AS DEFINED IN REG...

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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 $2,828,934

Program Service Revenue $0

Investment Income $257,644

Other Revenue $0

TOTAL REVENUE $3,086,578

Expense Breakdown

Grants Paid $2,677,014

Salaries & Benefits $163,590

Fundraising Expenses $29,424

Program Expenses $2,677,014

Other Expenses $132,989

TOTAL EXPENSES $2,973,593

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,086,578	$1,453,084	+1.1%
Expenses	$2,973,593	$2,960,748	+0.0%
Net Income	$112,985	$-1,507,664	-1.1%

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

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

Total Directors

$105,298

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
D CHARLES SHOEMAKER	DIRECTOR	1.00	Director	$0	$0	$0
BRANDEE SCHRAM	DIRECTOR	1.00	Director	$0	$0	$0
ADAM JACOBITZ	DIRECTOR	2.00	Director	$0	$0	$0
COLLEEN ADAM	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL LOCKWOOD	DIRECTOR	1.00	Director	$0	$0	$0
DEAN MOORS	PRESIDENT	3.00	Officer Director	$0	$0	$0
MIKE NEVRIVY	DIRECTOR	1.00	Director	$0	$0	$0
HAULI SABATKA	DIRECTOR	1.00	Director	$0	$0	$0
JESSI HOEFT	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
SCOTT KVOLS	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
AARON SCHARDT	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE BLISS	DIRECTOR	13.00	Director	$15,323	$0	$15,323
MATTHEW BAACK	SECRETARY	2.00	Officer Director	$0	$0	$0
ROGER DOERR	TREASURER	2.00	Officer Director	$0	$0	$0
DAVID RIPPE	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL PETERS	EXECUTIVE DIRECTOR	40.00	Director	$84,000	$5,975	$89,975
RYAN SAMUELSON	DIRECTOR	1.00	Director	$0	$0	$0
AMY SKALKA	DIRECTOR	1.00	Director	$0	$0	$0
JEFF KULLY	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	No data	No data	No data	No data
2023	$3,086,578	$2,973,593	$16,185,855	$112,985
2022	$1,453,084	$2,960,748	$14,500,500	$-1,507,664
2021	$10,811,389	$2,515,157	$18,703,367	$8,296,232
2020	$3,055,783	$2,587,624	$14,566,178	$468,159
2019	$2,655,180	$1,008,540	$13,807,958	$1,646,640
2018	$2,923,541	$1,537,316	$11,150,682	$1,386,225