LUVERNE AREA COMMUNITY FOUNDATION (EIN 411512905) - 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

1992

Legal Domicile

Principal Officer

ISAAC DEBOER

Phone

5072202424

Tax Period

2022-01-01 to 2022-12-31

LUVERNE AREA COMMUNITY FOUNDATION, founded in 1992, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.2M in total revenue in fiscal year 2022. Revenue fell 23% from the prior year — a significant decline worth monitoring. Net assets of $5.3M represent 29 months of operating reserves.

Mission

LUVERNE AREA COMMUNITY FOUNDATION IS A PUBLICLY SUPPORTED COMMUNITY FOUNDATION THAT ATTRACTS, MANAGES, AND DISTRIBUTES CHARITABLE CONTRIBUTIONS AND GRANTS TO ITS PRIMARY SERVICE AREA, ROCK COUNTY, MINNESOTA, WHICH HAS A POPULATION OF APPROXIMATELY 10,000.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,876,162

Program Service Revenue $0

Investment Income $196,076

Other Revenue $85,987

TOTAL REVENUE $2,158,225

Expense Breakdown

Grants Paid $1,308,294

Salaries & Benefits $66,436

Fundraising Expenses $124,354

Program Expenses $2,119,906

Other Expenses $950,324

TOTAL EXPENSES $2,325,054

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,158,225	$2,811,176	-0.2%
Expenses	$2,325,054	$2,438,513	0.0%
Net Income	$-166,829	$372,663	-1.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ISAAC DEBOER	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEITH ELBERS	DIRECTOR	1.00	Director	$0	$0	$0
JEFF HAUBRICH	DIRECTOR	1.00	Director	$0	$0	$0
RON HONKEN	TREASURER	1.00	Director	$0	$0	$0
TAMMY JOHNSON	SECTY	1.00	Officer Director	$0	$0	$0
JIM JUHL	DIRECTOR	1.00	Director	$0	$0	$0
GARY OVERGAARD	DIRECTOR	1.00	Director	$0	$0	$0
SHARLA REISCH	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
WAYNE ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
NANCY SANDAGER	DIRECTOR	1.00	Director	$0	$0	$0
JOSH TEUNE	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN THELEN	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
2024	No data	No data	No data	No data
2022	$2,158,225	$2,325,054	$5,653,711	$-166,829
2021	$2,811,176	$2,438,513	$6,630,405	$372,663
2020	$1,559,044	$1,042,069	$5,705,967	$516,975
2019	$2,171,758	$1,151,373	$4,953,140	$1,020,385
2018	$1,128,135	$735,365	$4,039,720	$392,770

LUVERNE AREA COMMUNITY FOUNDATION