WALKER AREA COMMUNITY FOUNDATION (EIN 470919421) - Form 990 Financial Analysis & Trantor Score

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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

2003

Legal Domicile

Principal Officer

HAROLD SHERBROOKE

Phone

2182522295

Tax Period

2023-01-01 to 2023-12-31

WALKER AREA COMMUNITY FOUNDATION, founded in 2003, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $122K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $44K, a strong 36% operating margin.

Mission

TO ENHANCE THE QUALITY OF LIFE IN THE GREATER WALKER 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 $58,778

Program Service Revenue $0

Investment Income $63,209

Other Revenue $0

TOTAL REVENUE $121,987

Expense Breakdown

Grants Paid $71,125

Salaries & Benefits $3,600

Fundraising Expenses $0

Program Expenses $78,046

Other Expenses $3,321

TOTAL EXPENSES $78,046

Year-over-Year Comparison

	2023	2022	Change
Revenue	$121,987	$186,589	-0.3%
Expenses	$78,046	$110,158	-0.3%
Net Income	$43,941	$76,431	-0.4%

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

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

$3,600

Total Directors

$3,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
INEKA LEER	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER ARNOLD	DIRECTOR	2.00	Director	$0	$0	$0
KRISTIN HOLLY	DIRECTOR	2.00	Director	$0	$0	$0
HAROLD SHERBROOKE	TREASURER	4.00	Officer Director	$0	$0	$0
MIKE NELSON	DIRECTOR	2.00	Director	$0	$0	$0
GARY WEIGEL	BOARD CHAIR	4.00	Officer Director	$0	$3,600	$3,600
KEANE JOHNSON	TREASURER	N/A		$0	$0	$0
DALE JONES	DIRECTOR	N/A		$0	$0	$0
MARK SYLSTAD	BOARD CHAIR	N/A		$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
2023	$121,987	$78,046	$2,064,921	$43,941
2022	$186,589	$110,158	$1,804,986	$76,431
2021	$251,259	$75,196	$2,115,266	$176,063
2020	$89,645	$44,631	$1,832,400	$45,014
2019	$119,730	$127,897	$1,681,398	$-8,167
2018	$457,181	$94,862	$1,501,896	$362,319

WALKER AREA COMMUNITY FOUNDATION