RACINE COMMUNITY FOUNDATION INC (EIN 510188377) - 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

1975

Legal Domicile

Principal Officer

ELIZABETH POWELL

Phone

2626328474

Tax Period

2024-01-01 to 2024-12-31

RACINE COMMUNITY FOUNDATION INC, founded in 1975, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $6.1M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 23% operating margin.

Mission

THE MISSION OF THE RACINE COMMUNITY FOUNDATION IS TO SUPPORT THE PEOPLE OF RACINE COUNTY BY PROVIDING FUNDING TO RACINE COUNTY'S HARD WORKING NONPROFIT ORGANIZATIONS AND STUDENTS, AND RESPONSIBLY STEWARDING OUR ENDOWMENT AND ALL GIFTS ENTRUSTED TO IT, SO WE MAY CONTINUE TO PARTNER WITH OUR DONORS TO PROVIDE THIS FUNDING FOREVER.

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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 $1,640,784

Program Service Revenue $73,758

Investment Income $4,408,050

Other Revenue $23

TOTAL REVENUE $6,122,615

Expense Breakdown

Grants Paid $3,824,836

Salaries & Benefits $350,440

Fundraising Expenses $64,861

Program Expenses $3,824,836

Other Expenses $535,046

TOTAL EXPENSES $4,710,322

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,122,615	$4,540,164	+0.3%
Expenses	$4,710,322	$4,510,997	+0.0%
Net Income	$1,412,293	$29,167	+47.4%

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

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

$178,382

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE GABOR	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
STEVE JOHNSON	TREASURER/VICE CHAIR OF FINANCE	1.00	Officer Director	$0	$0	$0
KEVIN KIESIG	VICE CHAIR OF INVESTMENTS	1.00	Officer Director	$0	$0	$0
JUSTUS MORGAN	VICE CHAIR OF GRANTS	1.00	Officer Director	$0	$0	$0
RICHARD RUFFO	VICE CHAIR OF DONOR DEVELOPMENT	1.00	Officer Director	$0	$0	$0
STEVE DONOVAN	SECRETARY	1.00	Officer Director	$0	$0	$0
ANNA CLEMENTI	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER EASTMAN	DIRECTOR	1.00	Director	$0	$0	$0
ART HOWELL	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN MCCABE	DIRECTOR	1.00	Director	$0	$0	$0
ERIC PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
CORY SEBASTIAN	DIRECTOR	1.00	Director	$0	$0	$0
BILL STREETER	DIRECTOR	1.00	Director	$0	$0	$0
PETER WYANT	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE FARBO	DIRECTOR (FROM DEC 2024)	1.00	Director	$0	$0	$0
ASHLEY MADALA	DIRECTOR (FROM DEC 2024)	1.00	Director	$0	$0	$0
PETER REYNOLDS	DIRECTOR (FROM DEC 2024)	1.00	Director	$0	$0	$0
ELIZABETH POWELL	PRESIDENT & CEO	40.00	Officer	$168,211	$10,171	$178,382

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	$6,122,615	$4,710,322	$81,594,304	$1,412,293
2023	$4,540,164	$4,510,997	$78,819,850	$29,167
2022	$4,559,798	$4,206,701	$73,452,695	$353,097
2021	$12,582,646	$3,500,733	$86,916,102	$9,081,913
2020	$7,071,127	$3,760,988	$76,632,908	$3,310,139
2019	$3,787,829	$3,255,232	$69,817,256	$532,597
2018	$8,381,329	$4,123,018	$61,042,733	$4,258,311

RACINE COMMUNITY FOUNDATION INC