THE JONES FAMILY FOUNDATION

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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

2011

Legal Domicile

Principal Officer

DAN MASSETT

Phone

6512245463

Tax Period

2023-01-01 to 2023-12-31

THE JONES FAMILY FOUNDATION, founded in 2011, is a small nonprofit in the Education sector that reported $377K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 199% operating deficit.

Mission

THE MISSION OF THE JONES FAMILY FOUNDATION IS TO IDENTIFY, INITIATE AND SUPPORT ENDEAVORS THAT POSITIVELY IMPACT THE QUALITY OF LIFE IN THE RED WING AREA OF MINNESOTA.

Program Service Accomplishments

Program 1

Expenses: $898,736

THE JONES FAMILY FOUNDATION PROVIDES GRANTS TO COMMUNITY NONPROFIT ORGANIZATIONS AND INITIATIVES WHICH FIT THE FOUNDATION'S MISSION AND FUNDAMENTAL STRATEGIES TO IMPROVE THE QUALITY OF LIFE IN THE...

THE JONES FAMILY FOUNDATION PROVIDES GRANTS TO COMMUNITY NONPROFIT ORGANIZATIONS AND INITIATIVES WHICH FIT THE FOUNDATION'S MISSION AND FUNDAMENTAL STRATEGIES TO IMPROVE THE QUALITY OF LIFE IN THE RED WING, MINNESOTA GEOGRAPHIC AREA.

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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 $3,820

Program Service Revenue $0

Investment Income $373,100

Other Revenue $0

TOTAL REVENUE $376,920

Expense Breakdown

Grants Paid $853,294

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $898,736

Other Expenses $273,442

TOTAL EXPENSES $1,126,736

Year-over-Year Comparison

	2023	2022	Change
Revenue	$376,920	$426,788	-0.1%
Expenses	$1,126,736	$711,603	+0.6%
Net Income	$-749,816	$-284,815	+1.6%

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

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

$334,848

Total Directors

$317,618

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN MASSETT	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ANNE JONES	CO-VICE CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT JONES	CO-VICE CHAIR	1.00	Officer Director	$0	$0	$0
TIM KELLY	TREASURER	1.00	Officer Director	$0	$0	$0
SCOTT ZASTOUPIL	VICE TREASURER	1.00	Officer	$0	$31,841	$269,405
RACHELLE COBB	SECRETARY	35.00	Officer	$0	$12,006	$65,443
SHEILA BECKNER	BOARD MEMBER	1.00	Director	$0	$0	$0
RICH BODENSTEINER	BOARD MEMBER	1.00	Director	$0	$0	$0
PASTOR JUSTIN BOEDING	BOARD MEMBER	1.00	Director	$0	$0	$0
NEELA MOLLGAARD	BOARD MEMBER	1.00	Director	$0	$0	$0
ETHAN SEABERG	BOARD MEMBER	1.00	Director	$0	$0	$0
JAY TAUER	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY WELLS	BOARD MEMBER	1.00	Director	$0	$48,668	$317,618

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	$376,920	$1,126,736	$12,094,847	$-749,816
2022	$426,788	$711,603	$12,265,647	$-284,815
2021	$1,564,324	$1,555,129	$14,396,896	$9,195
2020	$504,142	$792,318	$13,229,780	$-288,176
2019	$1,461,609	$990,753	$12,865,651	$470,856
2018	$1,368,783	$1,426,789	$11,742,641	$-58,006