Milbank Community 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

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 $208K in total revenue in fiscal year 2022. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $790K exceeded revenue, resulting in a 280% operating deficit.

Mission

The mission of the Milbank Community Foundation is to provide the opportunity for philanthropic investment in our community; demonstrate leadership in the areas of education, social & economic development; & promote the quality of life to the residents of the Milbank area.

Program Service Accomplishments

Program 1

Expenses: $665,983 Revenue: $10,505

Various programs and scholarships are provided for the benefit of residents of the Grant County, South Dakota area. The purpose of the foundation is to broaden the opportunities for social, cultural, educational and recreational development for all residents of the Grant County area. The Foundation is committed to contributing to the community in ways that will enhance the social and economic well-being of everyone.

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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 (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