FIRST AMERICAN CAPITAL CORPORATION INC (EIN 371439848) - 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

2002

Legal Domicile

Principal Officer

JEFF BOWMAN

Phone

4146042044

Tax Period

2023-01-01 to 2023-12-31

FIRST AMERICAN CAPITAL CORPORATION INC, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $951K, a strong 30% operating margin.

Mission

THE MISSION OF FACC IS TO CONTRIBUTE TO ECONOMIC DEVELOPMENT IN WISCONSIN INDIAN COUNTRY THROUGH FACILITATING ACCESS TO CAPITAL IN THE FORM OF BUSINESS LOANS FOR AMERICAN INDIAN OWNED ENTERPRISES AND THROUGH PROVIDING PRE- AND POST-LOAN TECHNICAL ASSISTANCE.

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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 $2,565,467

Program Service Revenue $336,683

Investment Income $232,505

Other Revenue $28,596

TOTAL REVENUE $3,163,251

Expense Breakdown

Grants Paid $1,020,476

Salaries & Benefits $745,742

Fundraising Expenses $45,403

Program Expenses $1,878,885

Other Expenses $446,269

TOTAL EXPENSES $2,212,487

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,163,251	$2,568,889	+0.2%
Expenses	$2,212,487	$1,836,389	+0.2%
Net Income	$950,764	$732,500	+0.3%

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

$286,798

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF BOWMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
CRAIG CLEMENTS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID WILLEFORD	TREASURER	1.00	Officer Director	$0	$0	$0
ART OLSZEWSKI	SECRETARY	1.00	Officer Director	$0	$0	$0
TERRY WILLIAMSON	DIRECTOR	1.00	Director	$0	$0	$0
SALLI MARTYNIAK	DIRECTOR	1.00	Director	$0	$0	$0
GARY MEJCHAR	CO-EXECUTIVE DIRECTOR	40.00	Officer	$114,761	$29,250	$144,011
WILLIAM BESON	CO-EXECUTIVE DIRECTOR	40.00	Officer	$114,761	$28,026	$142,787

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	$3,163,251	$2,212,487	$10,647,427	$950,764
2022	$2,568,889	$1,836,389	$8,230,351	$732,500
2021	$2,033,588	$877,035	$6,502,547	$1,156,553
2020	$1,807,520	$1,249,986	$4,808,287	$557,534
2019	$825,298	$868,566	$4,179,262	$-43,268
2018	$1,012,253	$607,109	$4,302,872	$405,144

FIRST AMERICAN CAPITAL CORPORATION INC