BASIC FUND INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

LARRY GRILL

Phone

7122692558

Tax Period

2024-10-01 to 2025-09-30

BASIC FUND INC, founded in 1984, is a micro nonprofit that reported $75K in total revenue in fiscal year 2024. The organization ran a surplus of $55K, a strong 74% operating margin.

Mission

AS A COMMUNITY ENDOWMENT FUND, WE PROVIDE FUNDING FOR CIVIC IMPROVEMENTS BY DISTRIBUTING OUR INCOME THROUGH GRANT REQUESTS. ALL OF OUR INCOME WAS ORGINALLY DONATIONS FROM THE PUBLIC, AND IT WAS INVESTED, AND THE INVESTMENT INCOME IS OFFERED TO FUND GRANTS TO COMMUNITY ORGANIZATIONS. THE AMOUNT OF EACH GRANT IS DETERMINED BY A CONSENSUS OF THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $7,304

SHS ALUMNI 963.64 AM LEGION 1,041.63 BUSINESS CLUB 1,121.59 CHRISTMAS CHEER 1,067.05 CROSSROADS OF CC 1,062.50 ENTERPRISE 1,117.05 FIRE DEPT 930.26

Program 2

Expenses: $6,456

2025 GRANT 1,089.95 2025 GOLF COURSE 1,030.68 2025 SCHLESWIG POOL 993.90 2025 TOWN BEAUTIFY COMMITTEE 1,064.77 2025 MORGAN CEMETERY BOARD 1,148.86 2025 LIBRARY 1,128.41

Program 3

Expenses: $5,820

2025 SCHOOL FOUNDATION 1,146.59 2025 SHARKS 4-H 958.67 2025 CHILDCARE 1,153.41 2025 VFW POST 427.27 2025 YOUTH REC 1,109.81 2025 PRESCHOOL 1,024.45

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $48,263

Program Service Revenue $3,255

Investment Income $23,701

Other Revenue $0

TOTAL REVENUE $75,219

Expense Breakdown

Grants Paid $19,580

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $19,899

Other Expenses $319

TOTAL EXPENSES $19,899

Year-over-Year Comparison

	2024	2023	Change
Revenue	$75,219	$72,044	+0.0%
Expenses	$19,899	$15,585	+0.3%
Net Income	$55,320	$56,459	0.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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
ANNE ABBE	TRUSTEE/DIRE	0.50	Director	$0	$0	$0
NANCY BIELENBERG	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
LILA BUBKE	SECRETARY	2.00	Officer Director	$0	$0	$0
DENNIS GIERSTORF	DIRECTOR	0.50	Director	$0	$0	$0
LARRY GRILL	PRESIDENT	2.00	Officer Director	$0	$0	$0
LEISHA KRAGEL	TRUSTEE/DIRE	0.50	Director	$0	$0	$0
KATHY WEISS	TREASURER	1.00	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	$75,219	$19,899	$772,349	$55,320
2024	$72,044	$15,585	$687,052	$56,459