GOLDEN VALLEY COMMUNITY FOUNDATION

EIN: 760734171 501(c)(3) Human Services

GOLDEN VALLEY, MN

Total Revenue
$110,372
Total Expenses
$79,382
Total Assets
$128,156
Net Assets
$128,156
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
MN
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.

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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%)

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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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
50

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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
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
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