DULUTH-SUPERIOR AREA COMMUNITY FOUNDATION (EIN 411429402) - 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

1982

Legal Domicile

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.

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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 $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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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

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

$261,981

Total Directors

Key Employees

Highest Compensated

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

DULUTH-SUPERIOR AREA COMMUNITY FOUNDATION