GIVEWELL COMMUNITY FOUNDATION 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

2000

Legal Domicile

Principal Officer

CATHERINE NESLUND

Phone

8636833131

Tax Period

2023-07-01 to 2024-06-30

GIVEWELL COMMUNITY FOUNDATION INC, founded in 2000, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $189.5M in total revenue in fiscal year 2023. Revenue surged 339% from the prior year, signaling strong growth momentum. The organization ran a surplus of $114.8M, a strong 61% operating margin.

Mission

THE MISSION OF GIVEWELL COMMUNITY FOUNDATION IS TO CHAMPION CHARITABLE GIVING TO IMPROVE THE QUALITY OF LIFE IN THE AREAS WE SERVE, BOTH FOR NOW AND FOR FUTURE GENERATIONS.

Program Service Accomplishments

Program 1

Expenses: $73,178,908

THE COMMUNITY FOUNDATION EMBRACES AN UMBRELLA CONCEPT. ITS GOAL IS TO IMPROVE THE QUALITY OF LIFE IN ALL AREAS OF POLK, HARDEE, AND HIGHLANDS COUNTIES. IT DOES THIS BY SERVING THREE CONSTITUENCIES...

THE COMMUNITY FOUNDATION EMBRACES AN UMBRELLA CONCEPT. ITS GOAL IS TO IMPROVE THE QUALITY OF LIFE IN ALL AREAS OF POLK, HARDEE, AND HIGHLANDS COUNTIES. IT DOES THIS BY SERVING THREE CONSTITUENCIES: 1) DONORS: FOR PEOPLE WHO LOVE THE COMMUNITY AND HAVE A DESIRE TO GIVE SOMETHING BACK TO THEIR COMMUNITY, THE FOUNDATION PROVIDES QUALIFIED COUNSEL, GUIDANCE AND STEWARDSHIP IN HELPING THEM MEET THEIR CHARITABLE GOALS; 2) LOCAL NON- PROFIT CHARITIES: THE FOUNDATION DISTRIBUTES MONIES IN ACCORDANCE WITH DONOR DESIRES. IN ADDITION, IT PROVIDES SUPPORT FOR SPECIFIC PROGRAMS AND OFFERS ASSISTANCE IN MANAGING INDIVIDUAL ENDOWMENT FUNDS; 3) THE COMMUNITY AT LARGE: THE FOUNDATION AND ITS BOARD SERVE AS A CATALYST WITH POLK, HARDEE,AND HIGHLANDS COUNTIES IN ADDRESSING THE NEEDS OF OUR COMMUNITY. THROUGH GRANT MAKING BY DONORS, THE FOUNDATION REACHES OUT TO A BROAD SPECTRUM INCLUDING THE ARTS, YOUTH, EDUCATION, HEALTH, SOCIAL SERVICES AND MORE.

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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 $186,423,318

Program Service Revenue $0

Investment Income $29,583,071

Other Revenue $-26,485,142

TOTAL REVENUE $189,521,247

Expense Breakdown

Grants Paid $72,731,278

Salaries & Benefits $776,644

Fundraising Expenses $0

Program Expenses $73,178,908

Other Expenses $1,191,381

TOTAL EXPENSES $74,699,303

Year-over-Year Comparison

	2023	2022	Change
Revenue	$189,521,247	$43,152,741	+3.4%
Expenses	$74,699,303	$57,755,202	+0.3%
Net Income	$114,821,944	$-14,602,461	-8.9%

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

N/A

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

$270,410

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHERINE NESLUND	PRESIDENT/CE	40.00	Officer	$153,532	$0	$153,532
LORI MARTINI	VICE-PRESIDE	40.00	Officer	$116,878	$0	$116,878
BARNEY BARNETT	DIRECTOR	1.00	Director	$0	$0	$0
WESLEY BARNETT	TREASURER	1.00	Officer Director	$0	$0	$0
ANN BARNHART	DIRECTOR	1.00	Director	$0	$0	$0
BO BOYTE	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTINA CRISER-JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE DAVIS	DIRECTOR	N/A	Director	$0	$0	$0
KIMBERLY ELMHORST	BOARD VICE C	1.00	Officer Director	$0	$0	$0
ANNE FURR	SECRETARY	1.00	Officer Director	$0	$0	$0
JAY GRAY	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JACK HOLLIS	IMMEDIATE PA	1.00	Officer Director	$0	$0	$0
JACK HARRELL III	DIRECTOR	1.00	Director	$0	$0	$0
ROGER INGLEY	AUDIT COMM C	1.00	Director	$0	$0	$0
KATRINA LUNSFORD	DIRECTOR	1.00	Director	$0	$0	$0
DOUG MCPHERSON	INVESTMENT C	1.00	Director	$0	$0	$0
TOM OLDT	DIRECTOR	1.00	Director	$0	$0	$0
JAMES PREVITE	DIRECTOR	1.00	Director	$0	$0	$0
GARRETT ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
JASON RODDA	DIRECTOR	N/A	Director	$0	$0	$0
SHANNON SAPP	DIRECTOR	1.00	Director	$0	$0	$0
SANDY SHEETS	DIRECTOR	N/A	Director	$0	$0	$0
JILLIAN SPANGLER	DIRECTOR	N/A	Director	$0	$0	$0
GEORGE TINSLEY SR	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS TREVINO	DIRECTOR	N/A	Director	$0	$0	$0
MARK TURNER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ATTAWAY	COUNSEL	10.00	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
2025	No data	No data	No data	No data
2024	$189,521,247	$74,699,303	$620,895,896	$114,821,944
2023	$43,152,741	$57,755,202	$445,107,820	$-14,602,461
2022	$231,457,010	$34,740,274	$419,262,531	$196,716,736
2021	$49,364,236	$27,486,013	$253,097,691	$21,878,223
2020	$28,555,406	$21,681,914	$199,717,123	$6,873,492
2019	$24,589,560	$17,120,038	$192,493,129	$7,469,522