FOUNDATION 2 INC

EIN: 421078444 501(c)(3)

CEDAR RAPIDS, IA

Total Revenue
$11,975,882
Total Expenses
$9,784,447
Total Assets
$11,858,454
Net Assets
$11,013,547
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
IA
Principal Officer
EMILY BLOMME
Phone
3193621170
Tax Period
2023-07-01 to 2024-06-30

FOUNDATION 2 INC, founded in 1970, is a mid-sized nonprofit that reported $12.0M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $2.2M, a strong 18% operating margin.

Mission

TO BE A TRUSTED, COMPASSIONATE RESOURCE FOR PEOPLE IN CRISIS BY OFFERING COUNSELING, SAFETY AND SUPPORT DURING DIFFICULT TIMES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,598,290
Program Service Revenue $9,122,048
Investment Income $270,268
Other Revenue $-14,724
TOTAL REVENUE $11,975,882

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,672,740
Fundraising Expenses $156,029
Program Expenses $8,606,536
Other Expenses $2,111,707
TOTAL EXPENSES $9,784,447

Year-over-Year Comparison

2023 2022 Change
Revenue $11,975,882 $12,657,777 -0.1%
Expenses $9,784,447 $8,567,310 +0.1%
Net Income $2,191,435 $4,090,467 -0.5%
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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Governance

Voting Members
12
Independent Members
12
Employees
238
Volunteers
75

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
$581,389
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EMILY BLOMME CHIEF EXEC. 40.00
Officer
$171,724 $12,322 $184,046
ERIN LANGDON CHIEF OPER. 40.00
Officer
$140,259 $4,688 $144,947
MATT HEINRICY CHIEF FIN. O 40.00
Officer
$127,897 $9,369 $137,266
KATIE CURTIS CHIEF DEV. O 40.00
Officer
$111,497 $3,633 $115,130
THERESA BLONG DIRECTOR 1.00
Director
$0 $0 $0
WHITNEY GEHRLS DIRECTOR 1.00
Director
$0 $0 $0
SAMANTHA MCGRANE PRESIDENT 1.00
Officer Director
$0 $0 $0
BRYAN MULLEN DIRECTOR 1.00
Director
$0 $0 $0
RENEE NELSON SECRETARY 1.00
Officer Director
$0 $0 $0
STEVE PACE DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL ROZUM DIRECTOR 1.00
Director
$0 $0 $0
BOB SANDERS DIRECTOR 1.00
Director
$0 $0 $0
NINA SHELLER DIRECTOR 1.00
Director
$0 $0 $0
TIM VIPOND DIRECTOR 1.00
Director
$0 $0 $0
DALE WIRTJES DIRECTOR 1.00
Director
$0 $0 $0
RON HELLWEG TREASURER 1.00
Officer
$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 $11,975,882 $9,784,447 $11,858,454 $2,191,435
2023 $12,657,777 $8,567,310 $9,236,818 $4,090,467
2022 $8,549,267 $6,709,931 $6,165,403 $1,839,336
2021 $6,694,484 $5,549,746 $4,543,625 $1,144,738
2020 $5,511,333 $5,077,955 $4,000,581 $433,378
2019 $4,804,477 $4,767,441 $2,882,137 $37,036
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