Milbank Community Foundation (EIN 460427565) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

Mark Leddy

Phone

6054329000

Tax Period

2022-01-01 to 2022-12-31

MILBANK COMMUNITY FOUNDATION, founded in 1993, is a small nonprofit that reported $851K in total revenue in fiscal year 2018. Net assets of $3.1M represent 43 months of operating reserves.

Mission

Charitable and benevolent purposes for the benefit of the residents of Milbank, South Dakota.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $218,578

Program Service Revenue $10,505

Investment Income $-21,030

Other Revenue $0

TOTAL REVENUE $208,053

Expense Breakdown

Grants Paid $651,175

Salaries & Benefits $83,321

Fundraising Expenses $49,864

Program Expenses $665,983

Other Expenses $55,769

TOTAL EXPENSES $790,265

Year-over-Year Comparison

	2022	2021	Change
Revenue	$208,053	$797,652	-0.7%
Expenses	$790,265	$739,024	+0.1%
Net Income	$-582,212	$58,628	-10.9%

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

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

$62,845

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Leddy	President	0.50	Officer Director	$0	$0	$0
Mark Bierschbach	Vice President	0.20	Officer Director	$0	$0	$0
Greg Thomas	Secretary/Treasurer	0.20	Officer Director	$0	$0	$0
Jeff Jones	Director	0.20	Director	$0	$0	$0
Tana Mundwiler	Director	0.20	Director	$0	$0	$0
Doug Stengel	Director	0.20	Director	$0	$0	$0
Craig Wellnitz	Finance Director	45.00	Officer	$60,676	$2,169	$62,845

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
2022	$208,053	$790,265	No data	$-582,212
2021	$797,652	$739,024	$1,435,565	$58,628
2020	$-1,001,094	$850,847	$1,419,303	$-1,851,941
2019	$781,685	$853,199	$3,234,113	$-71,514
2018	$850,908	$909,191	$3,254,859	$-58,283

Milbank Community Foundation