GREATER CEDAR RAPIDS COMMUNITY FOUNDATION (EIN 426053860) - 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

Formation Year

1987

Legal Domicile

Principal Officer

KARLA TWEDT-BALL

Phone

3193662862

Tax Period

2023-01-01 to 2023-12-31

GREATER CEDAR RAPIDS COMMUNITY FOUNDATION, founded in 1987, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $15.3M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $13.1M left a modest 15% surplus.

Mission

TO STRENGHTEN OUR COMMUNITY THROUGH PHILANTHROPY.

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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 $12,937,906

Program Service Revenue $0

Investment Income $2,335,696

Other Revenue $29,276

TOTAL REVENUE $15,302,878

Expense Breakdown

Grants Paid $9,619,397

Salaries & Benefits $2,174,976

Fundraising Expenses $956,483

Program Expenses $11,065,687

Other Expenses $1,284,653

TOTAL EXPENSES $13,079,026

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,302,878	$13,077,105	+0.2%
Expenses	$13,079,026	$12,841,062	+0.0%
Net Income	$2,223,852	$236,043	+8.4%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

198

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

$490,641

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE SHEELEY	TREASURER	2.00	Officer Director	$0	$0	$0
JON LANDON	SECRETARY	2.00	Officer Director	$0	$0	$0
DIANA LEDFORD	CHAIR	2.00	Officer Director	$0	$0	$0
JIM HADDAD	CHAIR-ELECT	2.00	Officer Director	$0	$0	$0
JASMINE ALMOAYYED	DIRECTOR	2.00	Director	$0	$0	$0
MOLLY ALTORFER	DIRECTOR	2.00	Director	$0	$0	$0
ANTHONY ARRINGTON	DIRECTOR	2.00	Director	$0	$0	$0
PATRICE CARROLL	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS CASEY	DIRECTOR	2.00	Director	$0	$0	$0
NANCY HILL-DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
MARY JUNGE	DIRECTOR	2.00	Director	$0	$0	$0
JANICE KERKOVE	DIRECTOR	2.00	Director	$0	$0	$0
DAVID LITTLE	DIRECTOR	2.00	Director	$0	$0	$0
JOE LOCK	DIRECTOR	2.00	Director	$0	$0	$0
BRANDI MUELLER	DIRECTOR	2.00	Director	$0	$0	$0
TRACEY MYERS	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE NIERMANN	DIRECTOR	2.00	Director	$0	$0	$0
DAVE PARMLEY	DIRECTOR	2.00	Director	$0	$0	$0
OKPARA RICE	PAST CHAIR	2.00	Director	$0	$0	$0
HAYWOOD STOWE	DIRECTOR	2.00	Director	$0	$0	$0
LESLIE H GARNER JR	PRESIDENT & CEO (UNTIL 6/30)	40.00	Officer	$129,310	$20,301	$149,611
KARLA TWEDT-BALL	PRESIDENT & CEO (PART-YEAR)	40.00	Officer	$166,386	$34,445	$200,831
JEAN BRENNEMAN	CFO	32.00	Officer	$116,706	$23,493	$140,199
MICHELLE BEISKER	VP OF DEVELOPMENT	40.00	Highest	$142,380	$35,533	$177,913
CORINNE RAMLER	VP OF COMMUNICATIONS	40.00	Highest	$107,669	$22,343	$130,012

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	$15,302,878	$13,079,026	$212,302,246	$2,223,852
2022	$13,077,105	$12,841,062	$190,014,997	$236,043
2021	$26,493,454	$14,823,385	$223,368,352	$11,670,069
2020	$11,209,215	$13,004,662	$194,521,681	$-1,795,447
2019	$18,024,689	$10,785,324	$187,433,007	$7,239,365
2018	$15,074,091	$10,398,097	$161,918,998	$4,675,994

GREATER CEDAR RAPIDS COMMUNITY FOUNDATION