COMMUNITY FOUNDATION OF THE NORTH … - 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

2000

Legal Domicile

Principal Officer

KERRY CARANCI

Phone

5302441219

Tax Period

2023-07-01 to 2024-06-30

COMMUNITY FOUNDATION OF THE NORTH STATE, founded in 2000, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $6.5M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Net assets of $35.6M represent 66 months of operating reserves.

Mission

THE FOUNDATION PROMOTES PHILANTHROPY BY CONNECTING PEOPLE WHO CARE WITH CAUSES THAT MATTER.

Program Service Accomplishments

Program 1

Expenses: $5,565,891 Revenue: $636,284

ASSET DEVELOPMENT AND GRANT MAKING- SERVING ALL OF SHASTA, SISKIYOU, AND TEHAMA COUNTIES. THE COMMUNITY FOUNDATION HAS MORE THAN 180 PHILANTHROPIC FUNDS AND MANAGES ASSETS OF MORE THAN 36 MILLION...

ASSET DEVELOPMENT AND GRANT MAKING- SERVING ALL OF SHASTA, SISKIYOU, AND TEHAMA COUNTIES. THE COMMUNITY FOUNDATION HAS MORE THAN 180 PHILANTHROPIC FUNDS AND MANAGES ASSETS OF MORE THAN 36 MILLION DOLLARS. THE COMMUNITY FOUNDATION PROVIDES GRANTS, SCHOLARSHIPS, AND LOANS TO ADDRESS LOCAL NEEDS, THE COMMUNITY FOUNDATION SERVES AS A REGIONAL CENTER FOR PHILANTHROPY PROVIDING DONORS SIMPLE AND EFFECTIVE WAYS TO GIVE LOCALLY.

Program 2

Expenses: $48,565

WOMEN'S FUND - THIS PROGRAM SUPPORTS THE EFFORTS AND ORGANIZATIONS THAT IMPROVE THE LIVES OF WOMEN, CHILDREN, AND THEIR FAMILIES IN THE GREATER REDDING AREA.

Program 3

Expenses: $27,448

IVY B. HORR ENDOWED MEDICAL EDUCATION LOAN FUND - THIS PROGRAM PROVIDES LOW INTEREST LOANS TO STUDENTS FROM SHASTA, LASSEN, TRINITY, TEHAMA, MODOC, AND SISKIYOU COUNTIES PURSUING AN EDUCATION IN...

IVY B. HORR ENDOWED MEDICAL EDUCATION LOAN FUND - THIS PROGRAM PROVIDES LOW INTEREST LOANS TO STUDENTS FROM SHASTA, LASSEN, TRINITY, TEHAMA, MODOC, AND SISKIYOU COUNTIES PURSUING AN EDUCATION IN MEDICINE.

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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 $5,014,143

Program Service Revenue $636,284

Investment Income $858,815

Other Revenue $-766

TOTAL REVENUE $6,508,476

Expense Breakdown

Grants Paid $5,376,115

Salaries & Benefits $674,883

Fundraising Expenses $471,574

Program Expenses $5,780,860

Other Expenses $558,246

TOTAL EXPENSES $6,609,244

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,508,476	$5,472,300	+0.2%
Expenses	$6,609,244	$6,390,642	+0.0%
Net Income	$-100,768	$-918,342	-0.9%

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

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

$258,131

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERRY CARANCI	CEO	40.00	Officer	$168,000	$8,287	$176,287
MIRIAM LEAL	OPERATIONS O	40.00	Officer	$73,934	$7,910	$81,844
PATRICA BERGMAN	CHAIR	2.00	Officer Director	$0	$0	$0
TONY CARDENAS	DIRECTOR	1.00	Director	$0	$0	$0
MARK CLURE	DIRECTOR	1.00	Director	$0	$0	$0
BILL CORNELIUS	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE DEAN	DIRECTOR	1.00	Director	$0	$0	$0
RYAN DENHAM	PAST CHAIR	1.00	Officer Director	$0	$0	$0
JILL DRINKWATER	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL FORBES	SECRETARY	1.00	Officer Director	$0	$0	$0
GEOFF HARKNESS	DIRECTOR	1.00	Director	$0	$0	$0
CARA HOOD	DIRECTOR	1.00	Director	$0	$0	$0
SUE LANG	DIRECTOR	1.00	Director	$0	$0	$0
JAKE MANGAS	DIRECTOR	1.00	Director	$0	$0	$0
SUSIE REEDER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN SEAMANS	DIRECTOR	1.00	Director	$0	$0	$0
JESSIE SHIELDS	DIRECTOR	1.00	Director	$0	$0	$0
TERRY TAFORO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
FORREST WILDER	TREASURER	1.00	Officer 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
2025	No data	No data	No data	No data
2024	$6,508,476	$6,609,244	$36,065,482	$-100,768
2023	$5,598,689	$6,390,642	$33,957,435	$-791,953
2022	$8,814,085	$6,924,199	$33,649,369	$1,889,886
2021	$8,546,295	$9,395,948	$37,762,900	$-849,653
2020	$6,442,993	$5,762,975	$33,285,048	$680,018
2019	$8,871,833	$5,351,223	$32,843,470	$3,520,610

COMMUNITY FOUNDATION OF THE NORTH STATE