CASTLEWOOD 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

2019

Principal Officer

LOIS WIARDA

Phone

6058805331

Tax Period

2024-01-01 to 2024-12-31

CASTLEWOOD COMMUNITY FOUNDATION, founded in 2019, is a small nonprofit in the Human Services sector that reported $206K in total revenue in fiscal year 2024. Revenue surged 521% from the prior year, signaling strong growth momentum. Expenses of $564K exceeded revenue, resulting in a 174% operating deficit.

Mission

OUR INTENTION IS TO SERVE THE CITIZENS OF CASTLEWOOD, SOUTH DAKOTA AND SURROUNDING AREA TO CONDUCT IMPROVEMENTS TO THE COMMUNITY THAT BENEFIT THE PEOPLE RAISED BY PRIVATE FUNDRAISING.

Program Service Accomplishments

Program 1

Expenses: $562,374

PROVIDING IMPROVEMENTS TO CITY PROJECTS SUCH AS THE FOOTBALL FIELD, WELLNESS CENTER, YOUTH ACTIVITY CENTER, AND RELATED ACTIVITIES.

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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 $175,421

Program Service Revenue $0

Investment Income $22,513

Other Revenue $7,680

TOTAL REVENUE $205,614

Expense Breakdown

Grants Paid $562,374

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $562,374

Other Expenses $1,561

TOTAL EXPENSES $563,935

Year-over-Year Comparison

	2024	2023	Change
Revenue	$205,614	$33,103	+5.2%
Expenses	$563,935	$3,042	+184.4%
Net Income	$-358,321	$30,061	-12.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOIS WIARDA	PRESIDENT	2.00	Officer Director	$0	$0	$0
RICHARD WIARDA	VICE PRESIDE	0.10	Officer Director	$0	$0	$0
ROXANNE BASS	SECRETARY	0.10	Officer Director	$0	$0	$0
VIC CARTER	DIRECTOR	0.10	Director	$0	$0	$0
CARRIE HENRICHSEN	DIRECTOR	0.10	Director	$0	$0	$0
HEIDI SCHOOLEY	DIRECTOR	0.10	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	$205,614	$563,935	$253,451	$-358,321
2023	$33,103	$3,042	$611,772	$30,061
2022	$797,303	$477,438	$581,711	$319,865
2021	$276,523	$55,506	$261,846	$221,017