ALMA AREA 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

1994

Legal Domicile

Principal Officer

PATRICIA RINGEL

Phone

7853411059

Tax Period

2024-01-01 to 2024-12-31

ALMA AREA FOUNDATION, founded in 1994, is a small nonprofit in the Education sector that reported $125K in total revenue in fiscal year 2024. Revenue surged 110% from the prior year, signaling strong growth momentum. The organization ran a surplus of $42K, a strong 34% operating margin.

Mission

TO ADMINISTER SCHOLARSHIPS AND PUBLIC IMPROVEMENTS TO PROMOTE TOURISM.

Program Service Accomplishments

Program 1

Expenses: $73,831 Revenue: $52,323

THE ALMA AREA FOUNDATION CURRENTLY MANAGES MULTIPLE HIGH SCHOOL SCHOLARSHIPS. THESE SCHOLARSHIPS ALLOW US TO MAKE A POSITIVE IMPACT ON THE GRADUATING CLASS AT WABAUNSEE HIGH SCHOOL EACH YEAR. CLASS SIZE AT THE HIGH SCHOOL AVERAGES AROUND 30 STUDENTS. WE ARE ABLE TO PROVIDE SCHOLARSHIPS FOR A NUMBER OF THOSE STUDENTS EACH YEAR. IN ADDITION, WE HAVE THREE OTHER SCHOLARSHIPS THAT WE OFFER TO COLLEGE STUDENTS WHO WERE GRADUATES OF WABAUNSEE HIGH SCHOOL. THE WAY THESE SCHOLARSHIPS ARE STRUCTURED WE ARE ABLE TO FURTHER ASSIST 4-5 COLLEGE STUDENTS EACH YEAR WITH THEIR COLLEGE EXPENSES AS ONE OF THE SCHOLARSHIPS IS RENEWABLE FOR THREE YEARS.DUE TO A BEQUEST LEFT TO THE ALMA AREA FOUNDATION, WE WERE ABLE TO PURCHASE THE BUILDING THAT HOUSES THE LIBRARY IN ALMA. IN DOING SO, WE WERE ABLE TO ENSURE THAT THE LIBRARY WOULD REMAIN INTACT AND CONTINUE TO SERVE THE NEEDS OF ALMA AND THE SURROUNDING 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 (2024)

Revenue Breakdown

Contributions & Grants $58,762

Program Service Revenue $51,366

Investment Income $9,068

Other Revenue $6,239

TOTAL REVENUE $125,435

Expense Breakdown

Grants Paid $32,939

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $73,831

Other Expenses $50,067

TOTAL EXPENSES $83,006

Year-over-Year Comparison

	2024	2023	Change
Revenue	$125,435	$59,819	+1.1%
Expenses	$83,006	$42,631	+0.9%
Net Income	$42,429	$17,188	+1.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERVAN STUEWE	PRESIDENT	0.50	Officer Director	$0	$0	$0
JENNIFER GEHRT	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
PATRICIA RINGEL	TREASURER	1.00	Officer Director	$0	$0	$0
SHANNON WERTZBERGER	SECRETARY	0.75	Officer Director	$0	$0	$0
CONNIE MILLER	MEMBER	0.75	Director	$0	$0	$0
ALAN WINKLER	MEMBER	0.50	Director	$0	$0	$0
TONIA MICHAELIS	MEMBER	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
2025	No data	No data	No data	No data
2024	$125,435	$83,006	$1,154,020	$42,429
2023	$59,819	$42,631	$1,031,869	$17,188
2022	$-22	$44,719	$948,959	$-44,741
2021	$40,001	$40,975	$1,078,412	$-974
2020	$43,584	$72,263	$987,421	$-28,679
2019	$85,977	$67,702	$956,620	$18,275
2018	$421,151	$12,685	$869,923	$408,466