CORCORAN COMMUNITY FUND

EIN: 832989224 501(c)(3) Human Services

ROGERS, MN

Total Revenue
$452,125
Total Expenses
$444,354
Total Assets
$41,127
Net Assets
$41,127
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
MN
Principal Officer
KIRSTEN THOMPSON
Phone
6128166787
Tax Period
2024-01-01 to 2024-12-31

CORCORAN COMMUNITY FUND, founded in 2019, is a small nonprofit in the Human Services sector that reported $452K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

To support the community & people of Corcoran, MN, including community events, Corcoran emergency services, & disaster & emergency relief.

Program Service Accomplishments

Program 1
Expenses: $437,612 Revenue: $342,825

In 2024, Corcoran Country Daze, a kid-friendly, two-day outdoor festival that brings members of the community together for great food, music & activities including an antique car & tractor show, a...

Read more

In 2024, Corcoran Country Daze, a kid-friendly, two-day outdoor festival that brings members of the community together for great food, music & activities including an antique car & tractor show, a free kids' day, fireworks & fun. The event is run solely by volunteers from the community & is led by the Chair of the Corcoran Community Fund. The event was started as a way to create civic pride & bring Corcoran together, as the city covers 53 square miles but only has a population of approximately 9,000. The free kids' day is the cornerstone of our weekend with about 3,000 people visiting us on Saturday to spend the day with their kids. We offer educational activities for kids, as well as other activities, to let all kids play without concerns about costs. Examples of this include: a music school which brings instruments for kids to play & discover music; a karate school that does demonstrations & teaches kids basic moves; kid's bingo, which uses shapes & colors instead of numbers so all ages can play & practice their identification skills; & local handymen/construction trade members join us to help kids build birdhouses or feeders. This year our Touch A Truck area during kids' day event featured farm equipment including a combine as a way to keep in touch with our roots as well as introduce the equipment to new residents & their kids. One of our favorite parts of kids' day is our school backpack giveaway. We packed the backpacks with school supplies including: markers, pencils, colored pencils, erasers, glue & glue sticks, a pencil box, folders & a notebook. We gave away 900 bags at no cost to any child that needed one. Our goal is to help all children in our community start the school year off not worrying about having the necessary supplies for their success in the classrooms. There were 12 local businesses & organizations that had booths, providing information about their business this year during kids' day as well as 10 local artisans that were selling their crafts & cottage foods. Additionally, our concerts, which help allow us to put on our kids' day event at no cost, saw over 4,000 people in attendance during the two days of music.We also started a partnership with our local police department as they are bringing a new canine officer to the force. Once they are settled into their new roles, we will be offering to help them provide their services safely.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $109,300
Program Service Revenue $342,825
Investment Income $0
Other Revenue $0
TOTAL REVENUE $452,125

Expense Breakdown

Grants Paid $10,405
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $437,612
Other Expenses $433,949
TOTAL EXPENSES $444,354

Year-over-Year Comparison

2024 2023 Change
Revenue $452,125 $411,026 +0.1%
Expenses $444,354 $553,060 -0.2%
Net Income $7,771 $-142,034 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
140

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIRSTEN THOMPSON Chairman 3.00
Officer Director
$0 $0 $0
CHAD ROBRAN President 3.00
Officer Director
$0 $0 $0
JUDY STREHLER Secretary 3.00
Officer Director
$0 $0 $0
VALERIE NYBO Treasurer 3.00
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
2024 $452,125 $444,354 $41,127 $7,771
2023 $411,026 $553,060 $33,356 $-142,034
2022 $407,843 $319,418 $175,390 $88,425
2021 $225,760 $248,301 $86,965 $-22,541
2019 $305,157 $193,968 $111,189 $111,189
Explore More Nonprofits
Top 100 Nonprofits in Minnesota Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare CORCORAN COMMUNITY FUND with other nonprofits in Minnesota and across the country.