DULUTH-SUPERIOR AREA COMMUNITY FOUNDATION

EIN: 411429402 501(c)(3) Philanthropy & Grantmaking

DULUTH, MN

Total Revenue
$-3,259,349
Total Expenses
$3,953,430
Total Assets
$106,281,568
Net Assets
$99,727,230
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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
MN
Principal Officer
SHAUN FLOERKE
Phone
2187260232
Tax Period
2023-01-01 to 2023-12-31

DULUTH-SUPERIOR AREA COMMUNITY FOUNDATION, founded in 1982, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $3.3M in total revenue in fiscal year 2023. Revenue fell 140% from the prior year — a significant decline worth monitoring.

Mission

THE DULUTH SUPERIOR AREA COMMUNITY FOUNDATION PROMOTES PRIVATE GIVING FOR THE PUBLIC GOOD.

Program Service Accomplishments

Program 1
Expenses: $2,926,447 Revenue: $0

IN 2023, THE COMMUNITY FOUNDATION AWARDED $1,872,275 IN GRANTS AND $454,505 IN SCHOLARSHIPS. TOTAL GRANTS AWARDED (INCLUDING INTERFUND GRANTS) FOR ALL PROGRAM AREAS WAS $2,326,780 COMPRISED OF: 1%...

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IN 2023, THE COMMUNITY FOUNDATION AWARDED $1,872,275 IN GRANTS AND $454,505 IN SCHOLARSHIPS. TOTAL GRANTS AWARDED (INCLUDING INTERFUND GRANTS) FOR ALL PROGRAM AREAS WAS $2,326,780 COMPRISED OF: 1% UNRESTRICTED FUNDS, 15% DESIGNATED, 30% FIELD OF INTEREST, 13% ORGANIZATIONAL ENDOWMENTS, 19% SCHOLARSHIPS AND 22% DONOR ADVISED. THE LARGEST PROGRAM AREA SUPPORTED WAS HUMAN SERVICES WITH 30% OF GRANT FUNDS, FOLLOWED BY, 25% EDUCATION, 21% IN SCHOLARSHIPS, 10% IN ENVIRONMENT, 7% IN COMMUNITY ECONOMIC DEVELOPMENT, AND 7% IN ENVIRONMENT. IN 2023, THE COMMUNITY FOUNDATION AWARDED $383,706 SCHOLARSHIPS FROM ENDOWED FUNDS AND $57,000 FROM 8 TEMPORARY SCHOLARSHIP FUNDS THAT THE FOUNDATION PROVIDES SCHOLARSHIP SERVICES. IN ADDITION, THE FOUNDATION PROVIDED ADMINISTRATIVE SERVICES FOR TWO AFFILIATED SCHOLARSHIPS TOTALING $245,167 WHERE ALL OF THE FUNDS ARE HELD BY A LOCAL BANK.

Program 2
Expenses: $266,519 Revenue: $0

IN 2023, AS PART OF ONGOING STRATEGIC PLANNING EFFORTS, DSACF MADE SIGNIFICANT IMPROVEMENTS TO GRANTMAKING DESIGNED TO BETTER ALIGN RESOURCES WITH THE NEEDS OF THE COMMUNITIES SERVED. THIS INVOLVED...

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IN 2023, AS PART OF ONGOING STRATEGIC PLANNING EFFORTS, DSACF MADE SIGNIFICANT IMPROVEMENTS TO GRANTMAKING DESIGNED TO BETTER ALIGN RESOURCES WITH THE NEEDS OF THE COMMUNITIES SERVED. THIS INVOLVED RESTRUCTURING COMMITTEES TO INCLUDE COMMUNITY MEMBERS WITH LIVED EXPERIENCE AND EXPERTISE IN THE AREAS WHERE FUNDS ARE DIRECTED (E.G., CHILDHOOD POVERTY, MISSING A SENSE OF BELONGING, ETC.). THE FOCUS AREAS OF OPPORTUNITY, RESILIENCE, BELONGING AND TRANSFORMATION WERE DEVELOPED AND DEFINED THROUGH COMMUNITY FEEDBACK AND RESEARCH TO ENSURE EFFORTS ARE IMPACTFUL AND SUSTAINABLE. THE FIRST REQUEST FOR PROPOSALS UNDER THE NEW GUIDELINES WAS LAUNCHED IN THE FOURTH QUARTER OF 2023. THESE CHANGES ARE PART OF THE BROADER STRATEGY TO ENHANCE THE EFFECTIVENESS AND REACH OF DSACF'S GRANTMAKING, ENSURING THAT NOT ONLY NEEDS ARE MET, BUT EFFORTS FOCUS ON MEANINGFUL, LASTING IMPROVEMENTS. THE FOUNDATION CONTINUED TO BE RESPONSIVE TO COMMUNITY NEEDS AND OPPORTUNITIES. GRANTS TO REVITALIZE DOWNTOWN DULUTH WERE MADE TO ENGAGE NATIONAL EXPERTS ALONG WITH KEY PARTNERS TO ENVISION AND ENACT PLANS FOLLOWING DOWNTURN FROM THE PANDEMIC AND ECONOMIC DECLINES. DSACF CONTINUED TO FACILITATE READY NORTH, A NETWORK OF LOCAL ORGANIZATIONS BUILDING DISASTER RESILIENCE. ADDITIONAL COMMUNITY LEADERSHIP SOUGHT TO FILL A GAP FOR LOCAL NONPROFITS IN RECRUITING VOLUNTEERS TO SERVE AS TRUSTEES. ALONG WITH COLLABORATING ORGANIZATIONS, THE FIRST BE ON BOARD TRAINING SERIES WAS HELD. THIS PROGRAMMING IS IN ADDITION TO DSACF'S ON-GOING GRANT AND SCHOLARSHIP ACTIVITY.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,974,789
Program Service Revenue $0
Investment Income $-9,217,383
Other Revenue $-16,755
TOTAL REVENUE $-3,259,349

Expense Breakdown

Grants Paid $2,326,780
Salaries & Benefits $1,005,356
Fundraising Expenses $339,245
Program Expenses $3,192,966
Other Expenses $621,294
TOTAL EXPENSES $3,953,430

Year-over-Year Comparison

2023 2022 Change
Revenue $-3,259,349 $8,134,379 -1.4%
Expenses $3,953,430 $5,435,857 -0.3%
Net Income $-7,212,779 $2,698,522 -3.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
13
Volunteers
240

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
7
$261,981
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSCELYN SKANDEL CHAIR 1.00
Officer Director
$0 $0 $0
KERSTYN HENDRICKS VICE CHAIR 1.00
Officer Director
$0 $0 $0
KORESH LAKHAN VICE CHAIR (THRU JUNE 2023) 1.00
Officer Director
$0 $0 $0
DAVID MONTGOMERY TREASURER 1.00
Officer Director
$0 $0 $0
MOIRA VILLIARD SECRETARY 1.00
Officer Director
$0 $0 $0
KATELYN BAUMANN TRUSTEE 1.00
Director
$0 $0 $0
BRENDA BRANNAN TRUSTEE 1.00
Director
$0 $0 $0
LEE JENSEN BUJOLD TRUSTEE 1.00
Director
$0 $0 $0
JEFF COREY TRUSTEE 1.00
Director
$0 $0 $0
FRED FRIEDMAN TRUSTEE 1.00
Director
$0 $0 $0
PATRICK HEFFERNAN TRUSTEE 1.00
Director
$0 $0 $0
SAKIB MAHMUD TRUSTEE 1.00
Director
$0 $0 $0
NELS OJARD TRUSTEE (THRU MAY 2023) 1.00
Director
$0 $0 $0
JANE VOGT TRUSTEE (THRU JUNE 2023) 1.00
Director
$0 $0 $0
SANDRA WRIGHT TRUSTEE 1.00
Director
$0 $0 $0
SHAUN FLOERKE PRESIDENT/CEO 40.00
Officer
$151,569 $26,280 $177,849
PAIGE FREESE FINANCE DIRECTOR 40.00
Officer
$75,419 $8,713 $84,132
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 $-3,259,349 $3,953,430 $106,281,568 $-7,212,779
2022 $8,134,379 $5,435,857 $89,696,300 $2,698,522
2021 $11,039,912 $3,990,376 $108,779,368 $7,049,536
2020 $5,605,705 $4,210,634 $93,106,016 $1,395,071
2019 $5,862,131 $3,904,374 $82,887,562 $1,957,757
2018 $8,033,718 $3,841,018 $69,292,781 $4,192,700
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