DISTRICT 279 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

1991

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

DISTRICT 279 FOUNDATION, founded in 1991, is a small nonprofit that reported $235K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $62K, a strong 26% operating margin.

Mission

DISTRICT 279 FOUNDATION SUPPORTS AND ENHANCES DEDICATION TO ALL STUDENTS IN ISD 279 - OSSEO AREA SCHOOLS (THE DISTRICT). IN PARTNERSHIP WITH THE DISTRICT, THE FOUNDATIONS VISION IS TO PROVIDE LEARNING OPPORTUNITIES FOR STUDENTS IN THE DISTRICT.

Program Service Accomplishments

Program 1

Expenses: $119,200 Revenue: $80,694

DISTRICT 279 FOUNDATION SUPPORTS STUDENTS BY FUNDING INNOVATIVE AND CREATIVE PROJECTS THAT ENHANCE CURRICULUM, PROVIDE EXPERIENTIAL LEARNING OPPORTUNITIES OR CONTRIBUTE TO THE COMMUNITY.

Program 2

Expenses: $14,316 Revenue: $20,909

DISTRICT 279 FOUNDATION RECOGNIZES THE ACHIEVEMENTS OF STUDENTS AND STAFF IN INDEPENDENT SCHOOL DISTRICT 279 - OSSEO AREA SCHOOLS AT THE INVESTMENT IN YOUTH CELEBRATION. THIS ANNUAL CELEBRATION...

DISTRICT 279 FOUNDATION RECOGNIZES THE ACHIEVEMENTS OF STUDENTS AND STAFF IN INDEPENDENT SCHOOL DISTRICT 279 - OSSEO AREA SCHOOLS AT THE INVESTMENT IN YOUTH CELEBRATION. THIS ANNUAL CELEBRATION RECOGNIZES INDIVIDUALS FROM EACH SITE FOR THEIR COMMITMENT AND DEDICATION TO OUR COMMUNITY.

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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 $81,309

Program Service Revenue $15,705

Investment Income $75,330

Other Revenue $62,419

TOTAL REVENUE $234,763

Expense Breakdown

Grants Paid $73,841

Salaries & Benefits $64,799

Fundraising Expenses $10,937

Program Expenses $133,516

Other Expenses $34,026

TOTAL EXPENSES $172,666

Year-over-Year Comparison

	2023	2022	Change
Revenue	$234,763	$198,711	+0.2%
Expenses	$172,666	$167,145	+0.0%
Net Income	$62,097	$31,566	+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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON WALETZKO	TRUSTEE	2.00	Director	$0	$0	$0
TERNESHA BURROUGHS	TRUSTEE	1.00	Director	$0	$0	$0
GRETCHEN PEEL	TRUSTEE	2.00	Director	$0	$0	$0
DON SKOGLUND	TRUSTEE	2.00	Director	$0	$0	$0
CARMEN CRYZAN	TRUSTEE	1.00	Director	$0	$0	$0
NOEL RAPH	TRUSTEE	1.00	Director	$0	$0	$0
JEREMY SCHELLER	TRUSTEE	1.00	Director	$0	$0	$0
RACHEL DEVEREAUX	TRUSTEE	1.00	Director	$0	$0	$0
JAKE MORRIS	TRUSTEE	1.00	Director	$0	$0	$0
ROLANDA DESHIELD	TRUSTEE	2.00	Director	$0	$0	$0
ANN MOCK	TRUSTEE	2.00	Director	$0	$0	$0
KYLE PETERS	TRUSTEE	3.00	Director	$0	$0	$0
KELLY WILSON	PAST PRESIDENT	3.00	Director	$0	$0	$0
SHELLY KORBY	TRUSTEE	2.00	Director	$0	$0	$0
ADJA KABA	TRUSTEE	2.00	Director	$0	$0	$0
TOM PELLEGRINO	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOAN LUNCEFORD	SECRETARY	2.00	Officer Director	$0	$0	$0
MARY ELLEN DEBOIS	PRESIDENT	2.00	Officer Director	$0	$0	$0
JASON BAUERLY	TREASURER	5.00	Officer 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	No data	No data	No data	No data
2024	$234,763	$172,666	$1,105,932	$62,097
2023	$198,711	$167,145	$1,043,835	$31,566
2022	$162,293	$135,480	$1,012,269	$26,813
2021	$177,129	$112,522	$1,034,498	$64,607
2020	$158,807	$117,520	$917,711	$41,287
2019	$180,114	$163,383	$860,581	$16,731
2018	$154,889	$173,783	$844,272	$-18,894