WATERLOO 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

2015

Legal Domicile

Principal Officer

ERIN TINK

Phone

3198836022

Tax Period

2024-01-01 to 2024-12-31

WATERLOO COMMUNITY FOUNDATION, founded in 2015, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $911K, a strong 50% operating margin.

Mission

PROVIDE A LEAN, STRAIGHTFORWARD, AND TRANSPARENT CONDUIT VEHICLE TO THOSE WHO WISH TO CONTRIBUTE RESOURCES FOR THE BETTERMENT OF THE GREATER WATERLOO, IOWA COMMUNITY AND ITS CITIZENS.

Program Service Accomplishments

Program 1

Expenses: $727,823

THE FOUNDATION PROVIDES FINANCIAL SUPPORT. PRIMARILY FOR THE NEEDS OF WATERLOO, FROM FUNDS THAT ARE MAINTAINED AND ADMINISTERED ON BAHALF OF MULTIPLE DONORS.

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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 $1,559,142

Program Service Revenue $10,675

Investment Income $245,278

Other Revenue $0

TOTAL REVENUE $1,815,095

Expense Breakdown

Grants Paid $639,312

Salaries & Benefits $165,448

Fundraising Expenses $69,889

Program Expenses $727,823

Other Expenses $98,980

TOTAL EXPENSES $903,740

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,815,095	$1,196,546	+0.5%
Expenses	$903,740	$748,915	+0.2%
Net Income	$911,355	$447,631	+1.0%

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

$96,871

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN TINK	EXECUTIVE DI	40.00	Officer	$96,871	$0	$96,871
MIKE BROSHAR	DIRECTOR	0.50	Director	$0	$0	$0
STEVE CARIGNAN	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
TAMERA PHILLIPS COOK	DIRECTOR	0.50	Director	$0	$0	$0
BOB HELLMAN	DIRECTOR	0.50	Director	$0	$0	$0
RACHAEL HOFFMAN	DIRECTOR	0.50	Director	$0	$0	$0
SAM HOLDEN	PRESIDENT AN	0.50	Officer Director	$0	$0	$0
LORI JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
JANE LINDAMAN	SECRETARY	0.50	Officer Director	$0	$0	$0
KRYSTAL MADLOCK	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTA MIEHE	DIRECTOR	0.50	Director	$0	$0	$0
JOHN RICHTER	TREASURER	0.50	Officer Director	$0	$0	$0
BEV SMITH	DIRECTOR	0.50	Director	$0	$0	$0
LANCE VANDERLOO	PAST PRESIDE	0.50	Officer Director	$0	$0	$0
DODIE YOUNG	DIRECTOR	0.50	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	$1,815,095	$903,740	$5,451,609	$911,355
2023	$1,196,546	$748,915	$4,137,331	$447,631
2022	$952,660	$582,739	$3,201,924	$369,921
2021	$1,220,134	$469,794	$3,061,844	$750,340
2020	$1,656,238	$306,412	$2,261,390	$1,349,826
2019	$518,193	$230,849	$875,233	$287,344
2018	$230,506	$178,169	$419,523	$52,337