THE WILLA CATHER 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

1955

Legal Domicile

Principal Officer

MARK W BOSTOCK

Phone

4027462653

Tax Period

2024-01-01 to 2024-12-31

THE WILLA CATHER FOUNDATION, founded in 1955, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.6M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 61% operating margin.

Mission

TO ADVANCE WILLA CATHER'S LEGACY LOCALLY AND BEYOND THROUGH EDUCATION, PRESERVATION, AND THE ARTS.

Program Service Accomplishments

Program 1

Expenses: $936,169

THE FOUNDATION PROVIDED UPKEEP AND MAINTENANCE ON HISTORIC BUILDINGS AND PRESERVATION OF ARCHIVAL COLLECTIONS. ALL HISTORIC BUILDINGS AND COLLECTIONS RELATE DIRECTLY TO THE LIFE AND TIMES OF WILLA...

THE FOUNDATION PROVIDED UPKEEP AND MAINTENANCE ON HISTORIC BUILDINGS AND PRESERVATION OF ARCHIVAL COLLECTIONS. ALL HISTORIC BUILDINGS AND COLLECTIONS RELATE DIRECTLY TO THE LIFE AND TIMES OF WILLA CATHER.

Program 2

Expenses: $444,200 Revenue: $195,642

THE FOUNDATION PROVIDED VARIOUS SEMINARS, CONFERENCES, GUIDED TOURS, AND EDUCATIONAL PROGRAMS ON THE LIFE, TIMES, AND SETTINGS OF WILLA CATHER. ARTS PROGRAMS AND EXHIBITIONS ARE ALSO PROVIDED...

THE FOUNDATION PROVIDED VARIOUS SEMINARS, CONFERENCES, GUIDED TOURS, AND EDUCATIONAL PROGRAMS ON THE LIFE, TIMES, AND SETTINGS OF WILLA CATHER. ARTS PROGRAMS AND EXHIBITIONS ARE ALSO PROVIDED REGULARILY IN ITS RESTORED RED CLOUD OPERA HOUSE, WHICH FIGURED PRMINENTLY IN THE LIFE OF YOUNG WILLA CATHER.

Program 3

Expenses: $9,000

THE FOUNDATION PROVIDED NUMEROUS EDUCATIONAL SCHOLARSHIPS FOR INDIVIDUALS WHO WERE FURTHERING LITERARY EDUCATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,995,033

Program Service Revenue $195,642

Investment Income $207,663

Other Revenue $241,229

TOTAL REVENUE $4,639,567

Expense Breakdown

Grants Paid $28,917

Salaries & Benefits $790,214

Fundraising Expenses $45,574

Program Expenses $1,389,369

Other Expenses $971,263

TOTAL EXPENSES $1,790,394

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,639,567	$3,239,870	+0.4%
Expenses	$1,790,394	$1,524,330	+0.2%
Net Income	$2,849,173	$1,715,540	+0.7%

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

$116,301

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEY OLSON	EXECUTIVE DI	40.00	Officer	$116,301	$0	$116,301
NANCY BIERMAN	DIRECTOR	1.00	Director	$0	$0	$0
MARK W BOSTOCK	PRESIDENT	1.00	Officer Director	$0	$0	$0
PETER CIPKOWSKI	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DAN DEFFENBAUGH	DIRECTOR	1.00	Director	$0	$0	$0
MARIAN FEY	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS REESE GALLAGHER	DIRECTOR	1.00	Director	$0	$0	$0
DONNA GOWER	DIRECTOR	1.00	Director	$0	$0	$0
SARAH BAKER HANSEN	DIRECTOR	1.00	Director	$0	$0	$0
CHARMION GUSTKE HEARN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES A JAAP	DIRECTOR	1.00	Director	$0	$0	$0
RUTH H KEENE	DIRECTOR	1.00	Director	$0	$0	$0
ANA MCCRACKEN	DIRECTOR	1.00	Director	$0	$0	$0
DR FRITZ MOUNTFORD	DIRECTOR	1.00	Director	$0	$0	$0
JACK PREIS	DIRECTOR	1.00	Director	$0	$0	$0
ANN ROMINES	DIRECTOR	1.00	Director	$0	$0	$0
LUIS F SOTELO	DIRECTOR	1.00	Director	$0	$0	$0
AMY L SPRINGER	DIRECTOR	1.00	Director	$0	$0	$0
C KAY STAHLY	TREASURER	1.00	Officer Director	$0	$0	$0
MARY JUNE TALEN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT THACKER	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
JOHN A YOST	SECRETARY	1.00	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
2024	$4,639,567	$1,790,394	$25,541,023	$2,849,173
2023	$3,239,870	$1,524,330	$22,497,621	$1,715,540
2022	$3,140,636	$1,492,908	$21,224,400	$1,647,728
2021	$4,745,039	$1,014,199	$21,410,298	$3,730,840
2020	$2,595,534	$1,024,756	$17,551,726	$1,570,778
2019	$2,669,065	$1,027,237	$16,051,954	$1,641,828
2018	$3,100,730	$970,306	$13,618,182	$2,130,424