WATERLOO COMMUNITY SCHOOLS FOUNDAT… - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

HANNAH LUCE

Phone

3192140134

Tax Period

2023-07-01 to 2024-06-30

WATERLOO COMMUNITY SCHOOLS FOUNDATION, founded in 1989, is a small nonprofit in the Education sector that reported $574K in total revenue in fiscal year 2023. Revenue surged 101% from the prior year, signaling strong growth momentum. The organization ran a surplus of $219K, a strong 38% operating margin.

Mission

TO FUND, INSPIRE AND PROMOTE EDUCATIONAL OPPORTUNITIES FOR ALL IN THE WATERLOO SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $199,839

THE WATERLOO COMMUNITY SCHOOLS FOUNDATION (WSF) IS A 501(C)3 NONPROFIT ORGANIZATION THAT EXISTS TO ENHANCE ACADEMIC OPPORTUNITIES IN THE WATERLOO COMMUNITY SCHOOLS DISTRICT (WCSD). THE WSF SOLICITS FUNDING FROM LOCAL BUSINESSES, ORGANIZATIONS, HOUSEHOLDS, AND OTHER PRIVATE ENTITIES TO SUSTAIN THEIR MISSION AND ENSURE ONGOING COMMUNITY SUPPORT FOR THE SUCCESS OF WATERLOO'S PUBLIC EDUCATION. FUNDING IS DISTRIBUTED IN 3 AREAS; 1) DISTRICT INITIATIVES, WHICH ARE LARGE-SCALE ANNUAL PROJECTS PRIORITIZED BY THE SUPERINTENDENT AND WCSD BOARD OF EDUCATION 2) TEACHER GRANTS, WHICH BRING INNOVATIVE TEACHING AND LEARNING TO CLASSROOMS ACROSS THE WCSD AND 3) STUDENT GRANTS THAT BRIDGE FINANCIAL GAPS FOR STUDENTS TO ATTEND AND EXPERIENCE UNIQUE INDIVIDUAL LEARNING OPPORTUNITIES OUTSIDE OF THE CLASSROOM. OVER THE LAST 14 YEARS, THE WSF HAS PLEDGED AND GIFTED OVER $2.5 MILLION TO SUPPORT 12 DISTRICT INITIATIVES, 121 TEACHER GRANTS, AND 72 STUDENT GRANTS.

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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 $549,811

Program Service Revenue $0

Investment Income $32,033

Other Revenue $-7,862

TOTAL REVENUE $573,982

Expense Breakdown

Grants Paid $181,792

Salaries & Benefits $136,703

Fundraising Expenses $116,082

Program Expenses $199,839

Other Expenses $36,381

TOTAL EXPENSES $354,876

Year-over-Year Comparison

	2023	2022	Change
Revenue	$573,982	$285,040	+1.0%
Expenses	$354,876	$240,797	+0.5%
Net Income	$219,106	$44,243	+4.0%

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

$77,729

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HANNAH LUCE	EXECUTIVE DIRECTOR	40.00	Officer	$69,053	$8,676	$77,729
SHANTE WALLICAN-NESBIT	PRESIDENT	1.00	Officer Director	$0	$0	$0
KATE REICHERTS	PAST PRESIDENT	0.50	Officer Director	$0	$0	$0
ADIJAN ABDIC	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
KINON O'NEAL	SECRETARY	1.00	Officer Director	$0	$0	$0
ANNA CAUGHRON	DIRECTOR	0.50	Director	$0	$0	$0
AMELA CJEVANOVIC	DIRECTOR	0.50	Director	$0	$0	$0
BRENA HUBER	DIRECTOR	0.50	Director	$0	$0	$0
LORI JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
TIFFINI KIELER	DIRECTOR	0.50	Director	$0	$0	$0
JAY KOWEIL	DIRECTOR	0.50	Director	$0	$0	$0
MELISSA LUDWIG	DIRECTOR	0.50	Director	$0	$0	$0
JODI MINARD	DIRECTOR	0.50	Director	$0	$0	$0
BERNICE RICHARD	DIRECTOR	0.50	Director	$0	$0	$0
ANDY RICHTER	DIRECTOR	0.50	Director	$0	$0	$0
KALOLA ROBY	DIRECTOR	0.50	Director	$0	$0	$0
JILLIAN RUTLEDGE	DIRECTOR	0.50	Director	$0	$0	$0
MANECA SEENSTER	DIRECTOR	0.50	Director	$0	$0	$0
CHUCK SHIREY	DIRECTOR	0.50	Director	$0	$0	$0
DENISE THROWER	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS WENDLAND	DIRECTOR	0.50	Director	$0	$0	$0
AL YU	DIRECTOR	0.50	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	$573,982	$354,876	$1,496,847	$219,106
2023	$285,040	$240,797	$1,253,311	$44,243
2022	$482,487	$503,359	$1,202,339	$-20,872
2021	$619,661	$316,903	$1,125,441	$302,758
2020	$777,031	$407,442	$843,408	$369,589
2019	$346,639	$334,888	$460,273	$11,751
2018	$266,474	$215,458	$450,616	$51,016

WATERLOO COMMUNITY SCHOOLS FOUNDATION