WEST BEND COMMUNITY FOUNDATION INC

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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

1999

Legal Domicile

Principal Officer

YELENA CHESTER

Phone

4142725805

Tax Period

2023-01-01 to 2023-12-31

WEST BEND COMMUNITY FOUNDATION INC, founded in 1999, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $7.7M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.8M, a strong 36% operating margin.

Program Service Accomplishments

Program 1

Expenses: $4,469,433 Revenue: $0

WEST BEND COMMUNITY FOUNDATION, INC WAS FORMED TO OPERATE AS A SUPPORTING ORGANIZATION DESCRIBED IN SECTIONS 501(C)(3) AND 509(A)(3) OF THE INTERNAL REVENUE CODE TO SUPPORT GREATER MILWAUKEE...

WEST BEND COMMUNITY FOUNDATION, INC WAS FORMED TO OPERATE AS A SUPPORTING ORGANIZATION DESCRIBED IN SECTIONS 501(C)(3) AND 509(A)(3) OF THE INTERNAL REVENUE CODE TO SUPPORT GREATER MILWAUKEE FOUNDATION, INC. THE GREATER MILWAUKEE FOUNDATION IS A PUBLIC CHARITY DESCRIBED IN SECTIONS 509(A)(1) OF THE INTERNAL REVENUE CODE.AS SET FORTH IN THE WEST BEND COMMUNITY FOUNDATION, INC.'S ARTICLES OF INCORPORATION, "THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, SCIENTIFIC AND LITERARY PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) AND EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF AND/OR TO CARRY OUT THE PURPOSES OF THE GREATER MILWAUKEE, A WISCONSIN CHARITABLE TRUST ORGANIZED PURSUANT TO A DECLARATION OF TRUST.... INCLUDING THE CARRYING ON OF SUCH OF GREATER MILWAUKEE FOUNDATION'S PROGRAMS AS THE BOARD OF DIRECTORS OF THIS CORPORATION FROM TIME TO TIME DEEM TO BE SUITABLE AND APPROPRIATE.THE PHRASE 'SUCH OF GREATER MILWAUKEE FOUNDATION'S PROGRAMS' MEANS CHARITABLE, RELIGIOUS, EDUCATIONAL, SCIENTIFIC AND LITERARY PROJECT AND ACTIVITIES OF THE KIND THAT GREATER MILWAUKEE FOUNDATION SUPPORTS AND THAT ARE LOCATORED PRIMARILY IN THE GREATER "WEST BEND, WISCONSIN AREA".

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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 $6,141,000

Program Service Revenue $0

Investment Income $1,530,849

Other Revenue $0

TOTAL REVENUE $7,671,849

Expense Breakdown

Grants Paid $4,469,433

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,469,433

Other Expenses $446,290

TOTAL EXPENSES $4,915,723

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,671,849	$6,633,490	+0.2%
Expenses	$4,915,723	$5,985,143	-0.2%
Net Income	$2,756,126	$648,347	+3.3%

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

N/A

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

$613,566

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON KIECKHAFER	TREASURER	1.00	Officer Director	$0	$0	$0
JAMES DANAHER	SECRETARY	1.00	Officer Director	$0	$0	$0
TONNIE SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
RUTH HENKLE	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN ERICSON	DIRECTOR	1.00	Director	$0	$0	$0
CLAIRE ROLFS	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES O'MEARA	DIRECTOR	1.00	Director	$0	$0	$0
KELLY TIGHLE	DIRECTOR	1.00	Director	$0	$0	$0
ROSE PETITTE	DIRECTOR	1.00	Director	$0	$0	$0
ROB JOHNSON	PRESIDENT (START 6/23)	1.00	Officer Director	$0	$0	$0
PETER ZIEGLER	PRESIDENT (END 6/23)	1.00	Officer Director	$0	$0	$0
ELLEN GILLIGAN	ASSISTANT SECRETARY	0.00	Officer	$0	$57,748	$382,718
KEN ROBERTSON	ASSISTANT TREASURER	0.00	Officer	$0	$29,243	$230,848

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	$7,671,849	$4,915,723	$75,283,978	$2,756,126
2022	$6,633,490	$5,835,143	$66,429,370	$798,347
2021	$10,575,689	$4,513,217	$79,149,428	$6,062,472
2020	$6,454,372	$4,532,248	$67,541,910	$1,922,124