BANCROFT COMMUNITY FOUNDATION INC (EIN 421468316) - Form 990 Financial Analysis & Trantor Score

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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

Legal Domicile

Phone

5152953565

Tax Period

2023-07-01 to 2024-06-30

BANCROFT COMMUNITY FOUNDATION INC is a small nonprofit in the Philanthropy & Grantmaking sector that reported $210K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $109K, a strong 52% operating margin.

Mission

THE FOUNDATION WAS CREATED TO RAISE FUNDS AND DISTRIBUTE GRANTS FOR CIVIC BETTERMENT PROJECTS IN THE CITY OF BANCROFT, IOWA, WHICH COULD NOT OTHERWISE BE FUNDED BY TAX DOLLARS DUE TO BUDGET CONSTRAINTS.

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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 $230,184

Program Service Revenue $0

Investment Income $21,697

Other Revenue $-41,663

TOTAL REVENUE $210,218

Expense Breakdown

Grants Paid $800

Salaries & Benefits $0

Fundraising Expenses $792

Program Expenses $800

Other Expenses $100,077

TOTAL EXPENSES $100,877

Year-over-Year Comparison

	2023	2022	Change
Revenue	$210,218	$152,486	+0.4%
Expenses	$100,877	$35,313	+1.9%
Net Income	$109,341	$117,173	-0.1%

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

N/A

Employees

N/A

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
SANDY TIGGES	Director	1.00	Director	$0	$0	$0
JANICE DIETERING	Director	1.00	Director	$0	$0	$0
KEN LAUBENTHAL	Director	1.00	Director	$0	$0	$0
ELLENGRAY G KENNEDY	President	5.00	Officer	$0	$0	$0
RENEE FUNKE	Secretary	1.00	Officer	$0	$0	$0
GREG PENNING	Treasurer	5.00	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	$210,218	$100,877	$3,466,841	$109,341
2023	$152,486	$35,313	$3,377,500	$117,173
2022	$1,279,969	$86,111	$3,292,627	$1,193,858
2021	$66,763	$43,673	$2,125,875	$23,090
2020	$197,475	$69,171	$2,157,590	$128,304
2019	$134,819	$135,862	$2,053,057	$-1,043

BANCROFT COMMUNITY FOUNDATION INC