CORE COMMUNITY RESOURCES INC

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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

2006

Legal Domicile

Principal Officer

DOREEN CONRAD

Phone

7157793457

Tax Period

2023-01-01 to 2023-12-31

CORE COMMUNITY RESOURCES INC, founded in 2006, is a small nonprofit in the Human Services sector that reported $650K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $571K left a modest 12% surplus.

Mission

TO IMPROVE QUALITY OF LIFE FOR SENIORS AND REDUCE HUNGER FOR ALL IN NORTHERN BAYFIELD COUNTY.

Program Service Accomplishments

Program 1

Expenses: $415,055 Revenue: $125,553

TO PROVIDE PROGRAMS AND SERVICES THAT ADDRESS SOCIAL ISOLATION AND QUALITY OF LIFE ISSUES FOR SENIOR CITIZENS. IN ADDITION, CORE OPERATES A FOOD PANTRY THAT SERVES PEOPLE OF ALL AGES IN NORTHERN...

TO PROVIDE PROGRAMS AND SERVICES THAT ADDRESS SOCIAL ISOLATION AND QUALITY OF LIFE ISSUES FOR SENIOR CITIZENS. IN ADDITION, CORE OPERATES A FOOD PANTRY THAT SERVES PEOPLE OF ALL AGES IN NORTHERN BAYFIELD COUNTY. IN 2022, OVER 122,000 POUNDS OF FOOD WAS DISTRIBUTED. VOLUNTEERS PROVIDED 2,712 HOURS OF VOLUNTEER SERVICES.

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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 $513,695

Program Service Revenue $125,553

Investment Income $10,879

Other Revenue $0

TOTAL REVENUE $650,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $352,734

Fundraising Expenses $37,606

Program Expenses $415,055

Other Expenses $218,524

TOTAL EXPENSES $571,258

Year-over-Year Comparison

	2023	2022	Change
Revenue	$650,127	$953,131	-0.3%
Expenses	$571,258	$484,018	+0.2%
Net Income	$78,869	$469,113	-0.8%

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

$107,254

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOREEN CONRAD	CHAIR	1.00	Officer Director	$0	$0	$0
WILLIAM BLAND	TREASURER	1.00	Director	$0	$0	$0
JENNY TUMAS	DIRECTOR	1.00	Director	$0	$0	$0
LAURA DEGROOT LIMA	DIRECTOR	1.00	Director	$0	$0	$0
MARY DOUGHERTY	EXECUTIVE DI	40.00	Officer	$56,324	$0	$56,324
GABRIELLE ROLAND	INTERIM EXEC	40.00	Officer	$50,930	$0	$50,930

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	$650,127	$571,258	$1,598,142	$78,869
2022	$953,131	$484,018	$1,460,380	$469,113
2021	$901,907	$400,368	$1,144,039	$501,539
2020	$288,993	$260,349	$349,891	$28,644
2019	$217,974	$229,830	$297,075	$-11,856
2018	$224,321	$213,716	$305,220	$10,605