OTSEGO 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

1994

Legal Domicile

Principal Officer

DANA BENSINGER

Phone

9897310597

Tax Period

2024-01-01 to 2024-12-31

OTSEGO COMMUNITY FOUNDATION, founded in 1994, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.3M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 36% operating margin.

Mission

ACTIVATE GENEROSITY FOR A STRONG COMMUNITY. THIS IS DONE BY BUILDING ENDOWMENTS, AWARDING GRANTS AMD CONVENING LEADERS.

Program Service Accomplishments

Program 1

Expenses: $1,625,333 Revenue: $21,142

DONOR CENTERED FUND MANAGEMENT - INCLUDES DONOR ADVISED, DESIGNATED AND AGENCY FUNDS. THE OCF WORKS WITH DONORS WHO WANT TO ENGAGE IN LOCAL PHILANTHROPY. WE HELP TO FIND PROJECTS AND PROGRAMS THAT...

DONOR CENTERED FUND MANAGEMENT - INCLUDES DONOR ADVISED, DESIGNATED AND AGENCY FUNDS. THE OCF WORKS WITH DONORS WHO WANT TO ENGAGE IN LOCAL PHILANTHROPY. WE HELP TO FIND PROJECTS AND PROGRAMS THAT ALIGN WITH THEIR OBJECTIVES AND DISTRIBUTE GRANTS ACCORDINGLY. FUND FOR THE COMMUNITY MANAGEMENT INCLUDES FIELD OF INTEREST AND UNRESTRICTED FUNDS. THE OCF WORKS TO AWARD GRANTS FROM THESE FUNDS TO MAKE THE MOST IMPACT ON THE EVER-CHANGING NEEDS AND OPPORTUNITIES TO ADVANCE THE COMMUNITY.

Program 2

Expenses: $42,849

SCHOLARSHIPS FOR HIGHER EDUCATION. MANAGING A COMPETITIVE SCHOLARSHIP PROCESS INCLUDING SIXTEEN UNIQUE SCHOLARSHIP FUNDS. 30 SCHOLARSHIPS WERE PROVIDED IN 2024.

Program 3

Expenses: $291,132

THE DISASTER RESPONSE FUND (DRF) OF THE OTSEGO COMMUNITY FOUNDATION (OCF) WAS ESTABLISHED TO PROVIDE A CENTRALIZED OPPORTUNITY FOR DONORS TO INVEST IN DISASTER RELIEF EFFORTS AND A SUPPORT MECHANISM FOR NONPROFIT ORGANIZATIONS RESPONDING TO CRISIS. OUR GOAL IS TO WORK COLLABORATIVELY WITH THE NONPROFIT, GOVERNMENT, PHILANTHROPIC AND PRIVATE SECTORS TO ACCELERATE RECOVERY FOR A THRIVING, RESILIENT, AND EVEN STRONGER GAYLORD. THE DRF AWARDS GRANTS TO ORGANIZATIONS THAT ARE ADDRESSING IMMEDIATE RELIEF, SHORT-TERM RECOVERY, AND LONG-TERM REBUILDING. OUR LOCAL NONPROFITS CONTINUE TO DEMONSTRATE INCREDIBLE RESILIENCE, INGENUITY, AND TENACITY AS THEY INCREASE AND ADAPT THEIR PROGRAMS TO MEET THE NEEDS HEIGHTENED BY THE DISASTERS.

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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 $2,246,921

Program Service Revenue $21,142

Investment Income $1,041,297

Other Revenue $-21,600

TOTAL REVENUE $3,287,760

Expense Breakdown

Grants Paid $1,664,363

Salaries & Benefits $207,699

Fundraising Expenses $22,684

Program Expenses $1,959,314

Other Expenses $230,364

TOTAL EXPENSES $2,102,426

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,287,760	$2,528,294	+0.3%
Expenses	$2,102,426	$2,124,801	0.0%
Net Income	$1,185,334	$403,493	+1.9%

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

$68,782

Total Directors