COLFAX MINGO EDUCATIONAL FDN

EIN: 421421657 501(c)(3) Crime & Legal

COLFAX, IA

Total Revenue
$465,776
Total Expenses
$71,230
Total Assets
$1,205,886
Net Assets
$1,205,886
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
IA
Principal Officer
TONI FORCK
Phone
5156743508
Tax Period
2024-06-01 to 2025-05-31

COLFAX MINGO EDUCATIONAL FDN, founded in 1994, is a small nonprofit in the Crime & Legal sector that reported $466K in total revenue in fiscal year 2024. Revenue surged 326% from the prior year, signaling strong growth momentum. The organization ran a surplus of $395K, a strong 85% operating margin.

Mission

THE COLFAX-MINGO EDUCATIONAL FOUNDATION WAS ORGANIZED FOR THE PURPOSE OF RAISING MONEY THROUGH FUND RAISING AND DONATIONS THAT COULD BE UILIZED WITHIN OUR SCHOOL SYSTEM FOR EDUCATIONAL MATERIAL FOR THE STUDENTS. THE FOUNDATION PROVIDES EDUCATIONAL ITEMS NOT PROVIDED BY THE SCHOOL DISTRICT'S REGULAR BUDGET. WE ACCEPT REQUESTS FROM ALL THE TEACHERS AS A NEED ARISES. ALL OF THE STUDENTS BENEFIT FROM THE COLFAX-MINGO EDUCATIONAL FOUNDATION. THE FOUNDATION HAS ALSO PURCHASED PROPERTY THAT IS RENTED TO THE SCHOOL DISTRICT. THIS IS PROPERTY THAT HOUSES THE CENTRAL OFFICE AND BUS BARN FACILITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $403,648
Program Service Revenue $0
Investment Income $40,280
Other Revenue $21,848
TOTAL REVENUE $465,776

Expense Breakdown

Grants Paid $68,869
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $70,005
Other Expenses $2,361
TOTAL EXPENSES $71,230

Year-over-Year Comparison

2024 2023 Change
Revenue $465,776 $109,223 +3.3%
Expenses $71,230 $71,205 +0.0%
Net Income $394,546 $38,018 +9.4%
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

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Governance

Voting Members
8
Independent Members
14
Employees
N/A
Volunteers
29

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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TONI FORCK Treasurer 1.00
Officer Director
$0 $0 $0
MARANDA CASE President 1.00
Officer Director
$0 $0 $0
LARRY OPFER Vice President 1.00
Officer Director
$0 $0 $0
DAWN GIBSON Secretary 1.00
Officer Director
$0 $0 $0
JOY ROBSON Director 1.00
Director
$0 $0 $0
MARDELL TOMLONOVIC Director 1.00
Director
$0 $0 $0
PATRICK FORCK Director 1.00
Director
$0 $0 $0
SCOTT WILTY Director 1.00
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 $465,776 $71,230 $1,205,886 $394,546
2024 $109,223 $71,205 $811,340 $38,018
2023 $89,566 $80,209 $773,322 $9,357
2022 $93,938 $54,742 $763,965 $39,196
2021 $70,603 $30,551 $724,769 $40,052
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