WALKER AREA COMMUNITY FOUNDATION

EIN: 470919421 501(c)(3) Philanthropy & Grantmaking

Walker, MN

Total Revenue
$121,987
Total Expenses
$78,046
Total Assets
$2,064,921
Net Assets
$2,064,921
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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
MN
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.

Program Service Accomplishments

Program 1
Expenses: $78,046 Revenue: $68,023

TO ESTABLISH, GROW, AND PRESERVE AN ENDOWMENT TO IMPROVE THE QUALITY OF COMMUNITY LIFE IN PARTNERSHIP WITH OTHER COMMUNITY STAKEHOLDERS. TO BE A CATALYST FOR ADDRESSING CHANGING NEEDS IN OUR DIVERSE...

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TO ESTABLISH, GROW, AND PRESERVE AN ENDOWMENT TO IMPROVE THE QUALITY OF COMMUNITY LIFE IN PARTNERSHIP WITH OTHER COMMUNITY STAKEHOLDERS. TO BE A CATALYST FOR ADDRESSING CHANGING NEEDS IN OUR DIVERSE COMMUNITY THROUGH ENVIRONMENT, HEALTH, SOCIAL SERVICES, AND RELATED AREAS, AND TO BROADEN THE BASE OF COMMUNITY CHARITABLE GIVING BY SERVING AS A LEADER AND RESOURCE CENTER FOR DONORS WHO WISH TO RETURN SOMETHING TO THEIR COMMUNITY.

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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%)

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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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
6

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
2
$3,600
Total Directors
6
$3,600
Key Employees
0
$0
Highest Compensated
0
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
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