BELMOND-KLEMME SCHOLARSHIP 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

2000

Legal Domicile

Principal Officer

Russ Talbot

Phone

6414444269

Tax Period

2023-01-01 to 2023-12-31

BELMOND-KLEMME SCHOLARSHIP FOUNDATION-II, founded in 2000, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $134K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $115K, a strong 86% operating margin.

Mission

THE ORGANIZATION WAS ESTABLISHED IN 2000 TO AWARD SCHOLARSHIPS TO EVERY QUALIFIED GRADUATE OF BELMOND-KLEMME HIGH SCHOOL WHO PURSUES ANY TYPE OF ACCREDITED POST-SECONDARY EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $19,020 Revenue: $64,016

A) SCHOLARSHIP AWARDS PAID IN 2023 TOTALED $18,800. THESE AWARDS BENEFITED 38 GRADUATES OF BELMOND-KLEMME HIGH SCHOOL. B) AWARDS WERE PAID TO: 1 GRADUATE IN THE CLASS OF 2020 AT $300; 4 RECIPIENTS IN THE CLASS OF 2021 AT $500 EACH; AND 33 GRADUATES IN THE CLASS OF 2022 AT $500 PER RECIPIENT. C) GRADUATES REMAIN ELIGIBLE INDEFINITELY TO RECEIVE THE AWARD DESIGNATED FOR THEIR RESPECTIVE CLASS. THEY ARE NOT REQUIRED TO CLAIM THE AWARD BY THE END OF THEIR FIRST TERM OR THEIR FIRST ACADEMIC YEAR AFTER THEY GRADUATE FROM HIGH SCHOOL. D) THE GRADUATES ARE, HOWEVER, REQUIRED TO SUCCESSFULLY COMPLETE AT LEAST 9 SEMESTER / CREDIT HOURS OF POST-SECONDARY EDUCATION BEFORE BEING PAID THE SCHOLARSHIP AWARD.

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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 $64,016

Program Service Revenue $0

Investment Income $69,913

Other Revenue $0

TOTAL REVENUE $133,929

Expense Breakdown

Grants Paid $18,800

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $19,020

Other Expenses $539

TOTAL EXPENSES $19,339

Year-over-Year Comparison

	2023	2022	Change
Revenue	$133,929	$146,486	-0.1%
Expenses	$19,339	$11,648	+0.7%
Net Income	$114,590	$134,838	-0.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM CHRISTIANSON	Director	0.10	Director	$0	$0	$0
AMY McDANIEL	Director	0.30	Director	$0	$0	$0
LARRY PALS	Director	0.10	Director	$0	$0	$0
DIRK van der LINDEN	Director	0.30	Director	$0	$0	$0
LINZIE MORRIS	Director	0.40	Director	$0	$0	$0
LEWIS SCHAAL	President	0.50	Officer Director	$0	$0	$0
RUSS TALBOT	Vice President	4.75	Officer Director	$0	$0	$0
SHERRI KINSETH	Secretary	0.20	Officer Director	$0	$0	$0
DALE ARENDS	Treasurer	4.80	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	No data	No data	No data	No data
2023	$133,929	$19,339	$2,418,203	$114,590
2022	$146,486	$11,648	$1,948,529	$134,838
2021	$164,028	$5,047	$2,291,292	$158,981
2020	$94,668	$8,558	$1,837,282	$86,110

BELMOND-KLEMME SCHOLARSHIP FOUNDATION-II