MADISON 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

1942

Legal Domicile

Principal Officer

ROBERT SORGE

Phone

6082321763

Tax Period

2023-01-01 to 2023-12-31

MADISON COMMUNITY FOUNDATION, founded in 1942, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $20.1M in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4.8M, a strong 24% operating margin.

Mission

THE MISSION OF MADISON COMMUNITY FOUNDATION IS TO ENHANCE THE COMMON GOOD THROUGH PHILANTHROPY.

Program Service Accomplishments

Program 1

Expenses: $12,738,843

CREATION OF PERMANENT CHARITABLE FUNDS, ADMINISTRATION AND INVESTMENT OF THOSE FUNDS, AND GRANTS TO CHARITABLE ORGANIZATIONS, PRIMARILY IN THE AREA OF DANE COUNTY, WISCONSIN. GRANTS ARE MADE BOTH...

CREATION OF PERMANENT CHARITABLE FUNDS, ADMINISTRATION AND INVESTMENT OF THOSE FUNDS, AND GRANTS TO CHARITABLE ORGANIZATIONS, PRIMARILY IN THE AREA OF DANE COUNTY, WISCONSIN. GRANTS ARE MADE BOTH THROUGH A COMPETITIVE PROPOSAL PROCESS AND IN RESPONSE TO RECOMMENDATIONS FROM DONOR FUNDHOLDERS.29 NEW FUNDS WERE CREATED IN 2023; 1,286 FUNDS WERE HELD AT THE END OF 20232,551 CONTRIBUTIONS WERE RECEIVED FROM 1,139 DONORSANNUALIZED INVESTMENT RETURN, NET OF FEES, AS OF 12/31/23 WAS: 10.2% (1YR); 6.5% (3YRS); 8.8% (5YRS); 7.1% (10YRS) PERCENTILE RANKING IN INVESTMENT SURVEY OF PEER COMMUNITY FOUNDATIONS WAS: 77% (3YRS); 37% (5YRS); 86% (7YRS); 86% (10YRS)1,933 GRANTS WERE DISTRIBUTED67% OF GRANTS WERE DISTRIBUTED TO ORGANIZATIONS IN DANE COUNTY, 17% TO ORGANIZATIONS IN OTHER WISCONSIN COUNTIES, 16% TO ORGANIZATIONS IN OTHER STATES.

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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 $10,599,580

Program Service Revenue $0

Investment Income $8,834,085

Other Revenue $661,239

TOTAL REVENUE $20,094,904

Expense Breakdown

Grants Paid $12,197,083

Salaries & Benefits $1,877,147

Fundraising Expenses $840,154

Program Expenses $12,738,843

Other Expenses $1,180,498

TOTAL EXPENSES $15,254,728

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,094,904	$36,932,800	-0.5%
Expenses	$15,254,728	$17,888,026	-0.1%
Net Income	$4,840,176	$19,044,774	-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

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

$754,299

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE BARDEN	BOARD CHAIR	1.50	Officer Director	$0	$0	$0
ANNE LUCKE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GARY MECKLENBURG	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERTA GASSMAN	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
AL FRIEDMAN	BOARD MEMBER (TERM 02/2023)	1.00	Director	$0	$0	$0
ANNA BURISH	BOARD MEMBER	1.00	Director	$0	$0	$0
DR JACK E DANIELS III	BOARD MEMBER (TERM 02/2023)	1.00	Director	$0	$0	$0
EG SCHRAMKA	BOARD MEMBER	1.00	Director	$0	$0	$0
EUGENIA PODESTA	BOARD MEMBER	1.00	Director	$0	$0	$0
GLORIA LADSON-BILLINGS	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF BARTELL	BOARD MEMBER	1.00	Director	$0	$0	$0
NATALIE ERDMAN	BOARD MEMBER (START 02/2023)	1.00	Director	$0	$0	$0
NOBLE WRAY	BOARD MEMBER (START 02/2023)	1.00	Director	$0	$0	$0
RON MENSINK	BOARD MEMBER	1.00	Director	$0	$0	$0
SHIVA BIDAR	BOARD MEMBER	1.00	Director	$0	$0	$0
THERESE GULBRANSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
TRIPP WIDDER	BOARD MEMBER	1.00	Director	$0	$0	$0
N/A	SERVICES, CUSTODIAN	5.00		$64,171	$0	$64,171
ROBERT SORGE	PRESIDENT & CEO	40.00	Officer	$234,284	$42,131	$276,415
CARMEN JESCHKE	VP FINANCE & OPERATIONS	40.00	Officer	$136,944	$42,331	$179,275
TOM LINFIELD	VP COMMUNITY IMPACT	40.00	Officer	$139,008	$11,434	$150,442
DAVID KOEHLER	VP DONOR ENGAGEMENT	40.00	Officer	$137,866	$10,301	$148,167

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	$20,094,904	$15,254,728	$294,109,737	$4,840,176
2022	$36,932,800	$17,888,026	$272,378,291	$19,044,774
2021	$40,248,600	$33,568,895	$285,628,719	$6,679,705
2020	$43,136,336	$27,807,927	$256,112,784	$15,328,409
2019	$43,800,625	$20,685,009	$233,128,228	$23,115,616