GOLDEN VALLEY COMMUNITY FOUNDATION

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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

2004

Legal Domicile

Principal Officer

DEAN PENK

Phone

6125670086

Tax Period

2023-01-01 to 2023-12-31

GOLDEN VALLEY COMMUNITY FOUNDATION, founded in 2004, is a small nonprofit in the Human Services sector that reported $110K in total revenue in fiscal year 2023. Revenue surged 119% from the prior year, signaling strong growth momentum. The organization ran a surplus of $31K, a strong 28% operating margin.

Mission

TO ENHANCE THE QUALITY OF LIFE, IMPROVING OUR NEIGHBORHOODS AND CITY. WE SUPPORT A VARIETY OF LOCAL NONPROFITS THROUGH GRANTS AND SPECIAL PROJECTS.

Program Service Accomplishments

Program 1

Expenses: $3,589

GVCF FUNDED INTERNATIONAL DAY AT THE GOLDEN VALLEY FARMERS MARKET. INTERNATIONAL DAY IS AN ANNUAL EVENT HELD IN COORDINATION WITH THE GOLDEN VALLEY FARMERS MARKET. THE GOAL OF THE EVENT IS TO...

GVCF FUNDED INTERNATIONAL DAY AT THE GOLDEN VALLEY FARMERS MARKET. INTERNATIONAL DAY IS AN ANNUAL EVENT HELD IN COORDINATION WITH THE GOLDEN VALLEY FARMERS MARKET. THE GOAL OF THE EVENT IS TO CELEBRATE THE DIVERSITY OF THE COMMUNITY AND TO ACKNOWLEDGE FOREIGN-BORN IMMIGRANTS TO THE COMMUNITY. ENTERTAINMENT IS PROVIDED BY MUSICAL GROUPS THAT FEATURE WORLD MUSIC AND ACTIVITIES, LIKE CHINESE LION DANCERS. CHILDREN'S ACTIVITIES ARE PROVIDED AT THE EVENT. A PROGRAM STARTED IN 2022 TO SHARE CHILDRENS BOOKS THAT CELEBRATE DIVERSITY AND SHARE THEM THROUGH A LITTLE FREE LIBRARY CONTINUED THIS YEAR.

Program 2

Expenses: $4,400

SMALL SPARKS GRANTS CONTINUED IN 2023 - SMALL SPARKS GRANTS FUND COMMUNITY INITITATIVES UP TO $1,000 THAT MIGHT NOT FIND FUNDING. GRANTS AWARDED IN 2023 FUNDED PROJECTS LIKE WEEKLY FREE YOGA CLASSES AT THE FARMERS MARKET, A YOUNG PERSON CONCERT WITH THE GOLDEN VALLEY ORCHESTRA, SPRINGBOARD FOR THE ARTS; SCHOLARSHIPS FOR CHILDREN ENROLLED IN THE YMCA'S EARLY CHILDHOOD LEARNING CENTER, LOCATED IN A NEIGHBORING CITY, BUT WHICH SERVES GOLDEN VALLEY RESIDENTS; FUNDED A LOCAL CHORALE GROUP THAT PROVIDES FREE CONCERTS IN THE COMMUNITY; AND PROVIDING SUPPLIES FOR A SERVICE NIGHT AT MEADOWBROOK ELEMENTARY SCHOOL.

Program 3

Expenses: $12,127

SOCIAL IMPACT ADVOACY FUND, WHICH STARTED IN 2021, FUNDS ORGANIZATIONS THAT HAVE A SOCIAL WELL-BEING COMPONENT TO THEIR MISSIONS. IN 2023, THE GV COMMUNITY FOUNDATION MADE GIFTS TO 15 ORGANIZATIONS THAT HAVE A MISSION TO PROMOTE WELL-BEING IN THE COMMUNITY. SOME OF THE ORGANIZATIONS THAT RECEIVED GIFTS FROM THE GV COMMUNITY FOUNDATION WERE PRISM (PEOPLE RESPONDING IN SOCIAL MINISTRY), THE LOCAL FOOD SHELF; ST. JOAN OF ARC CHURCH - PEACE & JUSTICE FUND; GROVES LEARNING CENTER; MINNEAPOLIS CRISIS NURSERY; DAMASCUS WAY; JUNIOR ACHIEVEMENT; HELP AT YOUR DOOR; LIFT GARAGE; SOJOURNER PROJECT AND COOKIE CART.

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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 $60,956

Program Service Revenue $49,357

Investment Income $59

Other Revenue $0

TOTAL REVENUE $110,372

Expense Breakdown

Grants Paid $21,037

Salaries & Benefits $0

Fundraising Expenses $995

Program Expenses $65,061

Other Expenses $58,345

TOTAL EXPENSES $79,382

Year-over-Year Comparison

	2023	2022	Change
Revenue	$110,372	$50,424	+1.2%
Expenses	$79,382	$62,275	+0.3%
Net Income	$30,990	$-11,851	-3.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEAN PENK	PRESIDENT	23.00	Officer Director	$0	$0	$0
JOHN RICHARDSON	SECRETARY	20.00	Officer Director	$0	$0	$0
LINDA LOOMIS	TREASURER	20.00	Officer Director	$0	$0	$0
HELENE JOHNSON	DIRECTOR	4.00	Director	$0	$0	$0
STACY RIDER	DIRECTOR	4.00	Director	$0	$0	$0
SEAN ENDERSBE	DIRECTOR	4.00	Director	$0	$0	$0
CLAUDIA DAMI	DIRECTOR	4.00	Director	$0	$0	$0
MARY PETERS	DIRECTOR	4.00	Director	$0	$0	$0
TRAVIS THOMPSON	DIRECTOR	4.00	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
2023	$110,372	$79,382	$128,156	$30,990
2022	$50,424	$62,275	$97,166	$-11,851
2021	$77,871	$39,747	$109,017	$38,124
2020	$48,687	$61,915	$73,913	$-13,228