KEWEENAW COMMUNITY FOUNDATION (EIN 383223079) - 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

1994

Legal Domicile

Principal Officer

TREVOR SALATA

Phone

9064829673

Tax Period

2024-01-01 to 2024-12-31

KEWEENAW COMMUNITY FOUNDATION, founded in 1994, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.9M in total revenue in fiscal year 2024. Revenue fell 80% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.0M, a strong 56% operating margin.

Mission

TO MEET OUR VISION OF A THRIVING COMMUNITY, WE CONNECT THE NEEDS OF THE COMMUNITY WITH RESOURCES TO COLLABORATIVELY IMPROVE QUALITY OF LIFE IN THE KEWEENAW PENINSULA.

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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 $652,796

Program Service Revenue $6,170

Investment Income $1,089,202

Other Revenue $122,560

TOTAL REVENUE $1,870,728

Expense Breakdown

Grants Paid $458,646

Salaries & Benefits $168,562

Fundraising Expenses $55,790

Program Expenses $589,579

Other Expenses $200,554

TOTAL EXPENSES $827,762

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,870,728	$9,126,867	-0.8%
Expenses	$827,762	$192,894	+3.3%
Net Income	$1,042,966	$8,933,973	-0.9%

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

$72,100

Total Directors

$72,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM SALMI	PRESIDENT	1.00	Officer Director	$0	$0	$0
JODI SANTEFORD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TREVOR SALATA	TREASURER	1.00	Officer Director	$0	$0	$0
SHARON FISHER	SECRETARY	1.00	Officer Director	$0	$0	$0
IOLA BRUBAKER	TRUSTEE	1.00	Director	$0	$0	$0
KELLY KAMM	TRUSTEE	1.00	Director	$0	$0	$0
RICH PROBST JR	TRUSTEE	1.00	Director	$0	$0	$0
CASSY TEFFT DE MUNOZ	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE TWARDZIK	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW KRAUSE	TRUSTEE	1.00	Director	$0	$0	$0
JOHN LEHMAN	TRUSTEE	1.00	Director	$0	$0	$0
ANDY COSTIC	TRUSTEE	1.00	Director	$0	$0	$0
ROBIN MENEGUZZO	EXECUTIVE DIRECTOR	30.00	Officer Director	$70,000	$2,100	$72,100

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	$1,870,728	$827,762	$12,261,070	$1,042,966
2023	$62,812	$16,144	$836,542	$46,668
2023	$9,126,867	$192,894	$11,839,822	$8,933,973
2022	$144,474	$108,897	$927,072	$35,577
2022	$215,792	$122,936	$927,072	$92,856
2021	$679,846	$519,183	$10,925,784	$160,663

KEWEENAW COMMUNITY FOUNDATION