AUSTIN COMMUNITY EDUCATION FUND (EIN 363611263) - Form 990 Financial Analysis & Trantor Score

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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

JUSTIN AKKERMAN

Phone

5074374561

Tax Period

2023-01-01 to 2023-12-31

AUSTIN COMMUNITY EDUCATION FUND, founded in 1988, is a micro nonprofit that reported $1K in total revenue in fiscal year 2023. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $9K exceeded revenue, resulting in a 692% operating deficit.

Mission

AUSTIN COMMUNITY EDUCATION FUND WAS CREATED TO PROVIDE SCHOLARSHIPS TO RESIDENTS OF AUSTIN, MINNESOTA AND THE SURROUNDING AREA THROUGH THE AUSTIN AREA CHAMBER OF COMMERCE.

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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 $350

Program Service Revenue $0

Investment Income $845

Other Revenue $0

TOTAL REVENUE $1,195

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,957

Fundraising Expenses $0

Program Expenses $9,442

Other Expenses $6,510

TOTAL EXPENSES $9,467

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,195	$8,390	-0.9%
Expenses	$9,467	$7,274	+0.3%
Net Income	$-8,272	$1,116	-8.4%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN AKKERMAN	Chairman	2.00	Officer Director	$0	$0	$0
TOM KLAPPERICH	Director	1.00	Director	$0	$0	$0
JAYNE GIBSON	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	$1,195	$9,467	$38,543	$-8,272
2022	$8,390	$7,274	$46,881	$1,116
2021	$10,970	$3,781	$51,530	$7,189
2020	$9,974	$11,771	$44,036	$-1,797
2019	$9,573	$9,694	$44,055	$-121
2018	$10,361	$8,082	$42,454	$2,279

AUSTIN COMMUNITY EDUCATION FUND