COMMUNITY FOUNDATION FOR BREVARD I… - Form 990 Financial Data

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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

1981

Legal Domicile

Principal Officer

THERESA GRIMISON

Phone

3217525505

Tax Period

2024-01-01 to 2024-12-31

COMMUNITY FOUNDATION FOR BREVARD INC, founded in 1981, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $13.2M in total revenue in fiscal year 2024. Revenue surged 186% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.1M, a strong 69% operating margin.

Mission

TO INSPIRE AND SUPPORT POWERFUL, REWARDING PHILANTHROPY AND ENGAGE IN CIVIC LEADERSHIP TO MAKE LOCAL COMMUNITIES STRONGER AND MORE VIBRANT.

Program Service Accomplishments

Program 1

Expenses: $3,624,465

GRANTMAKING: COMMUNITY FOUNDATION FOR BREVARD ADMINISTERS MORE THAN 150 INDIVIDUAL, FAMILY, AND CORPORATE FUNDS, AND MANAGES MULTIPLE COMPETITIVE AND NON-COMPETITIVE GRANT PROGRAMS. BUILT ON ELEMENTS OF A THRIVING COMMUNITY AND GUIDED BY DONOR INTENT, THE GRANTS SUPPORT COMMUNITY NEEDS AND ISSUES LIKE ARTS AND CULTURE, BASIC HUMAN NEEDS, EDUCATION, ECONOMIC OPPORTUNITY, COMMUNITY LEADERSHIP, ENVIRONMENT AND ANIMAL WELFARE, MEDICAL RESEARCH, AND MORE. THE FOUNDATION'S STAFF AND VOLUNTEER ADVISORY COMMITTEES CARRY OUT STRATEGIES AND APPROVE GRANTS AND SCHOLARSHIPS. GRANTS SUPPORT CHARITABLE ENDEAVORS IN NEARLY EVERY TYPE AND SIZE OF NONPROFIT ORGANIZATION; THE MAJORITY ARE LOCATED IN BREVARD COUNTY, BUT GRANTS CAN BE MADE TO ANY US-BASED CHARITY.

Program 2

Expenses: $315,619

ENGAGED PHILANTHROPY: AS PART OF OUR PERSONALIZED SERVICES TO DONORS, WE WORK CLOSELY WITH EVERY DONOR TO CONSULT ON THEIR UNIQUE PHILANTHROPIC NEEDS AND GOALS. OUR PROFESSIONAL STAFF PROVIDES...

ENGAGED PHILANTHROPY: AS PART OF OUR PERSONALIZED SERVICES TO DONORS, WE WORK CLOSELY WITH EVERY DONOR TO CONSULT ON THEIR UNIQUE PHILANTHROPIC NEEDS AND GOALS. OUR PROFESSIONAL STAFF PROVIDES INDIVIDUALIZED SUPPORT IN CREATING STRATEGIC GIVING PLANS, CONNECTING DONORS WITH ORGANIZATIONS AND TRENDS THAT MAY INTEREST THEM, AND ENGAGING FAMILY MEMBERS AND OTHER ADVISORS, AS APPROPRIATE. THE FOUNDATION OFFERS REGULAR EVENTS, TOURS, AND WORKSHOPS ON VARIOUS PHILANTHROPY-RELATED TOPICS.

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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 $11,305,571

Program Service Revenue $28,389

Investment Income $1,878,923

Other Revenue $370

TOTAL REVENUE $13,213,253

Expense Breakdown

Grants Paid $3,229,390

Salaries & Benefits $520,419

Fundraising Expenses $0

Program Expenses $3,940,084

Other Expenses $318,963

TOTAL EXPENSES $4,068,772

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,213,253	$4,611,989	+1.9%
Expenses	$4,068,772	$3,717,825	+0.1%
Net Income	$9,144,481	$894,164	+9.2%

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

$210,263

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THERESA GRIMISON	PRESIDENT/CE	50.00	Officer	$201,250	$9,013	$210,263
ELIZABETH O SHORR	CHAIR	2.00	Officer Director	$0	$0	$0
MYLES H WILKINSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JENNIFER GRIFFIN	TREASURER	1.00	Officer Director	$0	$0	$0
ANNE J MCPHEE	SECRETARY	1.00	Officer Director	$0	$0	$0
AMANDA G SMITH	PAST CHAIR	1.00	Officer Director	$0	$0	$0
LAURA CHIESMAN	DIRECTOR	1.00	Director	$0	$0	$0
KERI K DONALD	DIRECTOR	1.00	Director	$0	$0	$0
KIT FISHER	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN L FISHER	DIRECTOR	1.00	Director	$0	$0	$0
SHIRLEY FRIEDLAND	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS G HOLTON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT J NABERHAUS III	DIRECTOR	1.00	Director	$0	$0	$0
KELLI PECK	DIRECTOR	1.00	Director	$0	$0	$0
GINA RALL	DIRECTOR	1.00	Director	$0	$0	$0
JAMES F SUPLEE	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT SORENSEN	DIRECTOR	1.00	Director	$0	$0	$0
JAMARA WILSON HARVIN	DIRECTOR	1.00	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	$13,213,253	$4,068,772	$51,808,614	$9,144,481
2023	$4,611,989	$3,717,825	$39,653,584	$894,164
2022	$13,189,759	$5,088,609	$34,989,677	$8,101,150
2021	$9,234,486	$1,453,403	$32,346,936	$7,781,083
2020	$3,650,416	$1,759,082	$22,876,384	$1,891,334
2019	$3,760,199	$1,030,109	$18,082,763	$2,730,090
2018	$3,627,702	$1,097,179	$13,339,543	$2,530,523

COMMUNITY FOUNDATION FOR BREVARD INC