CLARINDA FOUNDATION INC

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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

1986

Legal Domicile

Principal Officer

REBECCA FINCH

Phone

7125424412

Tax Period

2024-01-01 to 2024-12-31

CLARINDA FOUNDATION INC, founded in 1986, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $812K in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $123K, a strong 15% operating margin.

Mission

THE CLARINDA FOUNDATION IS DEDICATED TO CULTIVATING PHILANTHROPIC RESOURCES THAT WILL NOURISH A HEALTH AND VITAL COMMUNITY FOR ALL PEOPLE OF THE GREATER CLARINDA AREA TODAY, TOMMORROW AND FOREVER. WE ARE DEDICATED TO ENCOURAGE PRIVATE GIVING FOR PUBLIC GOOD, BUILD AND MAINTAIN PERMANENT ENDOWMENTS TO RESPOND TO CHANGING COMMUNITY NEEDS, SERVE AS A CATALYST AND RESOURCE TO EFFECTIVELY RESPOND TO COMMUNITY NEEDS, AND PROVIDE FLEXIBLE TAX-EXEMPT VEHICLES FOR DONORS WITH VARIED CHARITABLE INTERESTS AND ABILITIES TO GIVE.

Program Service Accomplishments

Program 1

Expenses: $631,884

RECEIVE DONOR CONTRIBUTIONS AND DISTRIBUTE FUNDS TO LOCAL ORGANIZATIONS WHO PROVIDE ONGOING SERVICES TO THE COMMUNITY OF CLARINDA, AND THE COMMUNITIES OF SOUTWEST IOWA, PROMOTE COMMUNITY PRESERVATION...

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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 $731,603

Program Service Revenue $0

Investment Income $73,918

Other Revenue $6,593

TOTAL REVENUE $812,114

Expense Breakdown

Grants Paid $584,960

Salaries & Benefits $50,495

Fundraising Expenses $0

Program Expenses $668,570

Other Expenses $53,205

TOTAL EXPENSES $688,660

Year-over-Year Comparison

	2024	2023	Change
Revenue	$812,114	$530,667	+0.5%
Expenses	$688,660	$779,472	-0.1%
Net Income	$123,454	$-248,805	-1.5%

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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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
CYNTHIA ALVAREZ	DIRECTOR	N/A	Director	$0	$0	$0
AMY MCQUEEN	DIRECTOR	N/A	Director	$0	$0	$0
RENEE RIEDEL	DIRECTOR	N/A	Director	$0	$0	$0
EDDIE LISLE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JIM VARLEY	DIRECTOR	N/A	Director	$0	$0	$0
MARK WALTER	TREASURER	N/A	Officer Director	$0	$0	$0
LUKE COX	DIRECTOR	N/A	Director	$0	$0	$0
ASHILYN SUNDERMAN	DIRECTOR	N/A	Director	$0	$0	$0
ANN MEYER	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT BROWN	PRESIDENT	N/A	Officer Director	$0	$0	$0
KARLA RUBIN	DIRECTOR	N/A	Director	$0	$0	$0
REBECCA FINCH	SECRETARY	N/A	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
2024	$812,114	$688,660	$6,507,136	$123,454
2023	$530,667	$779,472	$5,980,585	$-248,805
2022	$333,797	$492,738	$5,691,346	$-158,941
2021	$455,791	$320,159	$6,563,726	$135,632
2020	$820,615	$407,989	$5,957,325	$412,626
2019	$741,134	$827,118	$5,046,834	$-85,984