FARIBAULT FOUNDATION INC (EIN 411931735) - 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

1999

Legal Domicile

Principal Officer

LAURA BOCK

Phone

5078058800

Tax Period

2024-01-01 to 2024-12-31

FARIBAULT FOUNDATION INC, founded in 1999, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 117% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 84% operating margin.

Mission

IMPROVE THE QUALITY OF LIFE IN FARIBAULT THROUGH THE GENEROSITY OF DONORS

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,367,359

Program Service Revenue $18,207

Investment Income $70,338

Other Revenue $0

TOTAL REVENUE $2,455,904

Expense Breakdown

Grants Paid $141,365

Salaries & Benefits $118,079

Fundraising Expenses $58,374

Program Expenses $210,147

Other Expenses $121,868

TOTAL EXPENSES $381,312

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,455,904	$1,129,449	+1.2%
Expenses	$381,312	$136,518	+1.8%
Net Income	$2,074,592	$992,931	+1.1%

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

$85,790

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD KOEPKE	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTINE SHAFFER-BROWN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TODD MARKMAN	TREASURER	1.00	Officer Director	$0	$0	$0
DR MICHAEL RICHIE	SECRETARY	1.00	Officer Director	$0	$0	$0
PATRICIA GUSTAFSON	DIRECTOR	1.00	Director	$0	$0	$0
CHAD WOLFF	DIRECTOR	1.00	Director	$0	$0	$0
JEFF JANDRO	DIRECTOR	1.00	Director	$0	$0	$0
KEN HUBERT	DIRECTOR	1.00	Director	$0	$0	$0
DR SARAH BECKMANN	DIRECTOR	1.00	Director	$0	$0	$0
LAURA BOCK	EXECUTIVE DIRECTOR	40.00	Officer	$83,624	$2,166	$85,790

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	$2,455,904	$381,312	$3,371,360	$2,074,592
2023	$1,129,449	$136,518	$1,132,136	$992,931

FARIBAULT FOUNDATION INC