WASECA AREA FOUNDATION

EIN: 843923114 501(c)(3)

WASECA, MN

Total Revenue
$453,307
Total Expenses
$618,626
Total Assets
$147,205
Net Assets
$-70,807
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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
Legal Domicile
MN
Principal Officer
DAVE DUNN
Phone
5078355990
Tax Period
2023-01-01 to 2023-12-31

WASECA AREA FOUNDATION, founded in 2019, is a small nonprofit that reported $453K in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $619K exceeded revenue, resulting in a 36% operating deficit.

Mission

Our mission is to provide an opportunity for groups or individuals to leave a legacy through contributions which build a permanent community fund committed to meeting the changing needs of the Waseca area.

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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 $401,668
Program Service Revenue $46,238
Investment Income $5,401
Other Revenue $0
TOTAL REVENUE $453,307

Expense Breakdown

Grants Paid $545,133
Salaries & Benefits $39,879
Fundraising Expenses $0
Program Expenses $615,015
Other Expenses $33,614
TOTAL EXPENSES $618,626

Year-over-Year Comparison

2023 2022 Change
Revenue $453,307 $313,072 +0.4%
Expenses $618,626 $310,360 +1.0%
Net Income $-165,319 $2,712 -62.0%
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
31
Independent Members
30
Employees
2
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
5
$0
Total Directors
20
$34,004
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY POTTER Executive Dir. 1.00
Director
$34,004 $0 $34,004
ROGER ASHLAND MEMBER 1.00
Director
$0 $0 $0
KARLA CHRISTOPHERSON NRAF REP 1.00
Director
$0 $0 $0
MOLLY ERDMAN MEMBER 1.00
Director
$0 $0 $0
BRAD CONNORS MEMBER 1.00
Director
$0 $0 $0
LAUREN SWANBERG MEMBER 1.00
Director
$0 $0 $0
KATIE YOUNGBERG VICE CHAIR 1.00
Officer Director
$0 $0 $0
DAVE DUNN Chairman 1.00
Officer Director
$0 $0 $0
ANN GAYTKO MEMBER 1.00
Director
$0 $0 $0
ROSALIE GRAMS JAF REP 1.00
Director
$0 $0 $0
JOHN HANSON MEMBER 1.00
Director
$0 $0 $0
PEGGY HILDEBRANDT Treasurer 1.00
Officer Director
$0 $0 $0
ERIC HUDSPETH MEMBER 1.00
Director
$0 $0 $0
AL KINGSLEY MEMBER 1.00
Director
$0 $0 $0
EMILY KNUDSEN MEMBER 1.00
Director
$0 $0 $0
DAVID ORASKOVICH PAST CHAIR 1.00
Officer Director
$0 $0 $0
MICHELLE PRIEBE Secretary 1.00
Officer Director
$0 $0 $0
ROY SRP ADJUNCT 1.00
Director
$0 $0 $0
PENNY VOUGHT MEMBER 1.00
Director
$0 $0 $0
TIM WENZEL MEMBER 1.00
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
2024 No data No data No data No data
2023 $453,307 $618,626 $147,205 $-165,319
2022 $313,072 $310,360 $328,497 $2,712
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