ALGONA, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
THE FOUNDATION MADE GRANTS TO SUPPORT BANCROFT AMBULANCE ($800), TOTAL = $800. THOSE WERE ALL OF THE MONETARY GRANTS FOR THE FISCAL YEAR.THE FOUNDATION CONTINUED ITS LONG-TERM PROJECT TO PROVIDE A...
THE FOUNDATION MADE GRANTS TO SUPPORT BANCROFT AMBULANCE ($800), TOTAL = $800. THOSE WERE ALL OF THE MONETARY GRANTS FOR THE FISCAL YEAR.THE FOUNDATION CONTINUED ITS LONG-TERM PROJECT TO PROVIDE A MEDICAL FACILITY TO THE COMMUNITY. IT ALSO PROCEEDED WITH A LONG TERM CIVIC IMPROVEMENT PROJECT OF RESTORATION OF A CITY BUILDING TO PROVIDE A NEEDED COMMUNITY BUSINESS OPPORTUNITY. MOST OF THE DONATIONS, RENT AND CAPITAL EXPENDITURES RELATED TO THESE PROJECTS, WHICH WERE NOT IN THE FORM OF DIRECT GRANTS. THE FOUNDATION BUILT AND OWNS THE MEDICAL CENTER, WHICH IS RENTED TO THE CITY AND THE AREA NONPROFIT HOSPITAL TO PROVIDE MEDICAL SERVICES TO RESIDENTS. RENTS RECEIVED FROM THOSE SOURCES ARE USED TO RETIRE CONSTRUCTION DEBT ON THE FACILITY AND TO PAY EXPENSES OF THE FACILITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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