FOND DU LAC 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

1975

Legal Domicile

Principal Officer

GREG GILES

Phone

9209212215

Tax Period

2023-01-01 to 2023-12-31

FOND DU LAC AREA FOUNDATION, founded in 1975, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2023. Revenue surged 78% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 33% operating margin.

Mission

CREATING A BETTER COMMUNITY BY PROMOTING PHILANTHROPY, AWARDING EFFECTIVE GRANTS, AND PROVIDING LEADERSHIP ON IMPORTANT COMMUNITY ISSUES TODAY AND FOREVER.

Program Service Accomplishments

Program 1

Expenses: $3,105,492

GRANTS ARE MADE TO ORGANIZATIONS THAT QUALIFY UNDER IRC SEC 501(C)(3). SCHOLARSHIPS ARE AWARDED TO INDIVIDUALS IN COMPLIANCE WITH HR4-PENSION PROTECTION ACT OF 2006.

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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 $3,827,379

Program Service Revenue $0

Investment Income $1,609,031

Other Revenue $3,175

TOTAL REVENUE $5,439,585

Expense Breakdown

Grants Paid $2,919,824

Salaries & Benefits $528,820

Fundraising Expenses $105,356

Program Expenses $3,105,492

Other Expenses $222,210

TOTAL EXPENSES $3,670,854

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,439,585	$3,058,243	+0.8%
Expenses	$3,670,854	$4,080,429	-0.1%
Net Income	$1,768,731	$-1,022,186	-2.7%

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

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

$185,545

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON SADOFF	EXECUTIVE DI	40.00	Officer	$161,345	$24,200	$185,545
TRIPP AHERN	MEMBER	1.00	Director	$0	$0	$0
SARA B ANDREW	SECRETARY	1.00	Officer Director	$0	$0	$0
HOLLY BRENNER	MEMBER	1.00	Director	$0	$0	$0
DAWN COLWIN	MEMBER	1.00	Director	$0	$0	$0
STEVE FRANKE	MEMBER	1.00	Director	$0	$0	$0
THOMAS J GROSS	MEMBER	1.00	Director	$0	$0	$0
DAVID J HORNUNG	CHAIR	1.00	Officer Director	$0	$0	$0
STEVE G MILLIN	TREASURER	1.00	Officer Director	$0	$0	$0
KELLY NORTON	MEMBER	1.00	Director	$0	$0	$0
JOHN SCHROEDER	MEMBER	1.00	Director	$0	$0	$0
LOREE L SHADY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GREG GILES	CURRENT EXEC	1.00	Officer	$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	$5,439,585	$3,670,854	$68,131,111	$1,768,731
2022	$3,058,243	$4,080,429	$60,163,927	$-1,022,186
2021	$12,050,578	$2,660,258	$72,661,560	$9,390,320
2020	$7,361,009	$2,468,903	$62,386,083	$4,892,106
2019	$4,246,782	$1,709,647	$45,201,538	$2,537,135
2018	$3,870,618	$2,127,059	$37,352,387	$1,743,559