WESTSIDE COMMUNITY SCHOOLS FOUNDAT… - Form 990 Financial Data

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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

1974

Legal Domicile

Principal Officer

TERRY HANNA

Phone

4023902139

Tax Period

2024-09-01 to 2025-08-31

WESTSIDE COMMUNITY SCHOOLS FOUNDATION INC, founded in 1974, is a mid-sized nonprofit in the Education sector that reported $18.4M in total revenue in fiscal year 2024. Expenses of $24.1M exceeded revenue, resulting in a 31% operating deficit.

Mission

TO GENERATE AND RAISE FUNDS TO ENHANCE THE DISTRICT'S ABILITY TO MEET THE EXPECTATIONS OF AN EXEMPLARY EDUCATION FOR EVERY STUDENT.

Program Service Accomplishments

Program 1

Expenses: $4,425,049 Revenue: $5,060,060

WE CURRENTLY OPERATE 11 EARLY CHILDHOOD CENTERS AND PROVIDE CHILD CARE SERVICES TO 865 STUDENTS RANGING IN AGE FROM 18 MONTHS - 12 YEARS.

Program 2

Expenses: $18,875,298

THE WESTSIDE FOUNDATION IS COMMITTED TO IMPROVING THE EDUCATION OF STUDENTS AND SUPPORTING THE TEACHERS AND RESIDENTS OF SCHOOL DISTRICT 66 THROUGH ACTIVITIES INCLUDING: CURRICULUM IMPROVEMENT...

THE WESTSIDE FOUNDATION IS COMMITTED TO IMPROVING THE EDUCATION OF STUDENTS AND SUPPORTING THE TEACHERS AND RESIDENTS OF SCHOOL DISTRICT 66 THROUGH ACTIVITIES INCLUDING: CURRICULUM IMPROVEMENT, MENTORING PROGRAMS, PARENTAL SUPPORT ACTIVITIES, FACILITIES IMPROVEMENT, AND VARIOUS STUDENT ACTIVITIES.

Program 3

Expenses: $225,768

THE WESTSIDE FOUNDATION ADMINISTERS FUNDS FOR DONOR-ESTABLISHED SCHOLARSHIPS AND HONORARIUMS.

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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 $12,985,515

Program Service Revenue $5,060,060

Investment Income $355,089

Other Revenue $3,393

TOTAL REVENUE $18,404,057

Expense Breakdown

Grants Paid $18,923,185

Salaries & Benefits $4,602,118

Fundraising Expenses $310,083

Program Expenses $23,526,115

Other Expenses $545,511

TOTAL EXPENSES $24,070,814

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,404,057	$18,784,268	0.0%
Expenses	$24,070,814	$10,792,125	+1.2%
Net Income	$-5,666,757	$7,992,143	-1.7%

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

222

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

$214,567

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONY SCHRAGER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RICK KELLEY	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JAMIE FRIEDLAND	SECRETARY	1.00	Officer Director	$0	$0	$0
RANDY HORN	TREASURER	1.00	Officer Director	$0	$0	$0
TERRY KROEGER	DIRECTOR	0.50	Director	$0	$0	$0
KATIE ANGLIM	DIRECTOR	0.50	Director	$0	$0	$0
JOSH BARTEE	DIRECTOR	0.50	Director	$0	$0	$0
ANN CHRISTIANSEN	DIRECTOR	0.50	Director	$0	$0	$0
NATE DODGE	DIRECTOR	0.50	Director	$0	$0	$0
ADAM YALE II	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS HAWKINS	DIRECTOR	0.50	Director	$0	$0	$0
STAN JENSEN	DIRECTOR	0.50	Director	$0	$0	$0
JOHN KOTOUC	DIRECTOR	0.50	Director	$0	$0	$0
CL LANDEN	DIRECTOR	0.50	Director	$0	$0	$0
CLARK LAURITZEN	DIRECTOR	0.50	Director	$0	$0	$0
MIKE LUCAS	DIRECTOR	0.50	Director	$0	$0	$0
DAVE ANDERSON	DIRECTOR	0.50	Director	$0	$0	$0
MIKE MURPHY	DIRECTOR	0.50	Director	$0	$0	$0
SANDY PARKER	DIRECTOR	0.50	Director	$0	$0	$0
DJ REZAC	DIRECTOR	0.50	Director	$0	$0	$0
LINDSAY DECKER	DIRECTOR	0.50	Director	$0	$0	$0
TERRY HANNA	PRESIDENT	40.00	Officer	$190,464	$24,103	$214,567
JULIE OELKE	ECC PROGRAM DIRECTOR	40.00	Highest	$105,883	$16,524	$122,407

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
2025	$18,404,057	$24,070,814	$10,636,960	$-5,666,757
2024	$18,784,268	$10,792,125	$16,191,079	$7,992,143
2023	$7,522,573	$6,013,047	$7,490,612	$1,509,526
2022	$8,062,038	$5,826,104	$5,574,817	$2,235,934
2021	$5,389,514	$4,733,799	$4,889,901	$655,715
2020	$5,087,770	$5,642,334	$4,270,036	$-554,564
2019	$5,501,018	$5,651,092	$3,754,344	$-150,074
2018	$5,652,060	$4,981,824	$3,622,532	$670,236

WESTSIDE COMMUNITY SCHOOLS FOUNDATION INC