Charlevoix County Community Foundation (EIN 383033739) - 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

1991

Legal Domicile

Principal Officer

Sara Ward

Phone

2315362440

Tax Period

2024-01-01 to 2024-12-31

Charlevoix County Community Foundation, founded in 1991, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.3M in total revenue in fiscal year 2024. Expenses of $4.8M left a modest 10% surplus.

Mission

Awarding grants and scholarships.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,885,535

Program Service Revenue $0

Investment Income $2,376,918

Other Revenue $0

TOTAL REVENUE $5,262,453

Expense Breakdown

Grants Paid $4,001,642

Salaries & Benefits $505,265

Fundraising Expenses $140,620

Program Expenses $4,402,899

Other Expenses $249,676

TOTAL EXPENSES $4,756,583

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,262,453	$5,159,500	+0.0%
Expenses	$4,756,583	$3,255,853	+0.5%
Net Income	$505,870	$1,903,647	-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

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

$111,811

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sara Ward	President	40.00	Officer	$111,811	$0	$111,811
Keith Carey	Chair	2.00	Officer Director	$0	$0	$0
Dean Solomon	Vice-Chair	2.00	Officer Director	$0	$0	$0
Bill Lorne	Treasurer	2.00	Officer Director	$0	$0	$0
Jennifer Boyer	Secretary	2.00	Officer Director	$0	$0	$0
Monica Peck	Past Chair	2.00	Officer Director	$0	$0	$0
Carol Timmer	Trustee	1.00	Director	$0	$0	$0
Jeff Crouse	Trustee	1.00	Director	$0	$0	$0
Erika Van Dam	Trustee	1.00	Director	$0	$0	$0
Pam Grassmick	Trustee	1.00	Director	$0	$0	$0
Angie Nachazel	Trustee	1.00	Director	$0	$0	$0
Jim Lentz	Trustee	1.00	Director	$0	$0	$0
Cindy Grice	Trustee	1.00	Director	$0	$0	$0
John McLeod	Trustee	1.00	Director	$0	$0	$0
Tom Teske	Trustee	1.00	Director	$0	$0	$0
Anna Young	Trustee	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	$5,262,453	$4,756,583	$64,505,812	$505,870
2023	$5,159,500	$3,255,853	$59,152,567	$1,903,647
2022	$8,721,781	$3,357,576	$52,092,908	$5,364,205
2021	$9,467,474	$3,362,474	$63,074,524	$6,105,000
2020	$7,386,961	$3,165,363	$51,534,069	$4,221,598
2019	$5,236,749	$2,864,209	$43,258,184	$2,372,540
2018	$3,680,353	$3,217,290	$36,874,447	$463,063

Charlevoix County Community Foundation