COMMUNITY FOUNDATION OF CHIPPEWA CO

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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

2001

Legal Domicile

Principal Officer

JILL HERRIGES

Phone

7157238125

Tax Period

2024-07-01 to 2025-06-30

COMMUNITY FOUNDATION OF CHIPPEWA CO, founded in 2001, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $7.6M in total revenue in fiscal year 2024. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.6M, a strong 86% operating margin.

Mission

TO ENABLE DONORS TO ACHIEVE THEIR PHILANTHROPIC GOALS, TO MEET CHANGING COMMUNITY NEEDS, THEREBY BENEFITING THE COMMUNITIES, PEOPLE AND OTHER NONPROFIT ORGANIZATIONS OF CHIPPEWA COUNTY.

Program Service Accomplishments

Program 1

Expenses: $946,441 Revenue: $97,929

DURING FISCAL YEAR 2025, 29 NEW FUNDS WERE CREATED BRINGING THE TOTAL NUMBER OF ACTIVE FUNDS TO 321 AND THE TOTAL ASSETS UNDER MANAGEMENT CHANGED FROM 28.1 MILLION TO 36.6 MILLION. TO-DATE, THE...

DURING FISCAL YEAR 2025, 29 NEW FUNDS WERE CREATED BRINGING THE TOTAL NUMBER OF ACTIVE FUNDS TO 321 AND THE TOTAL ASSETS UNDER MANAGEMENT CHANGED FROM 28.1 MILLION TO 36.6 MILLION. TO-DATE, THE FOUNDATION HAS RECEIVED AND PROCESSED GIFTS TOTALING MORE THAN 55 MILLION.

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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 $5,856,666

Program Service Revenue $0

Investment Income $1,681,663

Other Revenue $104,006

TOTAL REVENUE $7,642,335

Expense Breakdown

Grants Paid $680,939

Salaries & Benefits $177,910

Fundraising Expenses $30,041

Program Expenses $946,441

Other Expenses $177,716

TOTAL EXPENSES $1,036,565

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,642,335	$3,982,437	+0.9%
Expenses	$1,036,565	$626,128	+0.7%
Net Income	$6,605,770	$3,356,309	+1.0%

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

$95,925

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JILL HERRIGES	EXECUTIVE DI	52.00	Officer	$93,131	$2,794	$95,925
DAVID ADLER	DIRECTOR	1.00	Director	$0	$0	$0
BARB STEVENS	DIRECTOR	1.00	Director	$0	$0	$0
MARY RANDALL	PAST BOARD C	1.00	Officer Director	$0	$0	$0
SUSAN KERN	DIRECTOR	1.00	Director	$0	$0	$0
ERIK LARSON	CHAIR	1.00	Officer Director	$0	$0	$0
BRIAN GUTHMAN	TREASURER	1.00	Officer Director	$0	$0	$0
TERESA GERMAIN	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN FACKLAM	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY WILLKOM	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CRAIG TOYCEN	2ND VICE CHA	1.00	Officer Director	$0	$0	$0
ERIK LEMAY	DIRECTOR	1.00	Director	$0	$0	$0
KRISTINE STERLING	DIRECTOR	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
2025	$7,642,335	$1,036,565	$36,766,359	$6,605,770
2024	$3,982,437	$626,128	$28,244,242	$3,356,309
2023	$2,026,735	$576,802	$25,839,774	$1,449,933
2022	$3,665,046	$776,781	$26,753,159	$2,888,265
2021	$3,822,423	$685,566	$27,823,618	$3,136,857
2020	$2,203,607	$794,581	$20,678,677	$1,409,026
2019	$1,577,650	$573,293	$21,010,799	$1,004,357
2018	$1,478,651	$459,658	$19,672,940	$1,018,993