Kansas Association of Community Foundations

EIN: 850738639 501(c)(3) Philanthropy & Grantmaking

Washington, KS

Total Revenue
$1,221,514
Total Expenses
$502,156
Total Assets
$15,812,403
Net Assets
$4,163,737
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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
2009
Legal Domicile
KS
Principal Officer
Christy L Tustin
Phone
7857476911
Tax Period
2024-01-01 to 2024-12-31

Kansas Association of Community Foundations, founded in 2009, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.2M in total revenue in fiscal year 2024. The organization ran a surplus of $719K, a strong 59% operating margin.

Mission

The mission of the Kansas Association of Community Foundations (the Association) is to leverage the resources of community foundations in the State of Kansas to strengthen and promote community philanthropy and to inspire action that will improve the quality of life in Kansas communities.

Program Service Accomplishments

Program 1
Expenses: $239,441 Revenue: $180,120

National Conference - The Association hosted a national conference for growing community foundations. Over 400 participants from 40 states, representing 180 community foundations learned from over 70...

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National Conference - The Association hosted a national conference for growing community foundations. Over 400 participants from 40 states, representing 180 community foundations learned from over 70 speakers on growing community foundations, leadership, finance, administration, technology, public policy and advocacy. Sessions are recorded and made available in our on-line resource library

Program 2
Expenses: $13,940 Revenue: $34,700

Express Training - the Association operates Express Training which is a 15-module on-line series on starting and growing community foundations including asset development, grant program design...

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Express Training - the Association operates Express Training which is a 15-module on-line series on starting and growing community foundations including asset development, grant program design, fiduciary and leadership. During 2024, the program helped 50 community foundations, including 20 KACF members.

Program 3
Expenses: $99,791 Revenue: $100,000

Administration of grants on behalf of the Patterson Family Foundation for the benefit of community foundations in Kansas.Conducted a statewide survey of member foundations to collect data on staff...

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Administration of grants on behalf of the Patterson Family Foundation for the benefit of community foundations in Kansas.Conducted a statewide survey of member foundations to collect data on staff compensation and benefits. The survey gathered salary and benefit information by staff position and also analyzed results by the asset size of each participating community foundation. The findings provide valuable benchmarking data to help foundations make informed decisions related to staffing, retention, and organizational planning.

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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 (2024)

Revenue Breakdown

Contributions & Grants $426,852
Program Service Revenue $314,820
Investment Income $479,842
Other Revenue $0
TOTAL REVENUE $1,221,514

Expense Breakdown

Grants Paid $0
Salaries & Benefits $235,892
Fundraising Expenses $14,664
Program Expenses $353,172
Other Expenses $266,264
TOTAL EXPENSES $502,156

Year-over-Year Comparison

2024 2023 Change
Revenue $1,221,514 $1,280,535 0.0%
Expenses $502,156 $438,621 +0.1%
Net Income $719,358 $841,914 -0.1%
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
12
Independent Members
12
Employees
3
Volunteers
42

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
$126,630
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Eric Hozempa Chairman 2.00
Officer Director
$0 $0 $0
Holly Launchbaugh Vice-Chair 1.00
Officer Director
$0 $0 $0
Marci Penner Secretary 1.00
Officer Director
$0 $0 $0
Marla Brandon Treasurer 2.00
Officer Director
$0 $0 $0
Becky Goss Board Member 1.00
Director
$0 $0 $0
Devin Gorman Board Member 1.00
Director
$0 $0 $0
Ernestor De La Rosa Board Member 1.00
Director
$0 $0 $0
Heather Hoy Board Member 1.00
Director
$0 $0 $0
Karl Pratt Board Member 1.00
Director
$0 $0 $0
Lisa Schalla Board Member 1.00
Director
$0 $0 $0
Ryan Roberts Board Member 1.00
Director
$0 $0 $0
Teryn Carmichael Board Member 1.00
Director
$0 $0 $0
Christy Tustin Executive Director 40.00
Officer
$114,833 $11,797 $126,630
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 $1,221,514 $502,156 $15,812,403 $719,358
2023 $1,280,535 $438,621 $13,002,547 $841,914
2022 $911,940 $537,229 $9,529,087 $374,711
2021 $748,017 $335,952 $2,580,175 $412,065
2020 $1,720,754 $20 $1,740,734 $1,720,734
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