KELMARK FOUNDATION

EIN: 882553422 501(c)(3) Public & Societal Benefit

COON RAPIDS, MN

Total Revenue
$102,109
Total Expenses
$90,552
Total Assets
$109,822
Net Assets
$109,822
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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
2022
Legal Domicile
MN
Principal Officer
MARK JUELICH
Tax Period
2023-01-01 to 2023-12-31

KELMARK FOUNDATION, founded in 2022, is a small nonprofit in the Public & Societal Benefit sector that reported $102K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $91K left a modest 11% surplus.

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO CHILDREN, FAMILIES AND INDIVIDUALS IN NEED.

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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 $102,100
Program Service Revenue $0
Investment Income $9
Other Revenue $0
TOTAL REVENUE $102,109

Expense Breakdown

Grants Paid $90,172
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $90,172
Other Expenses $380
TOTAL EXPENSES $90,552

Year-over-Year Comparison

2023 2022 Change
Revenue $102,109 $200,003 -0.5%
Expenses $90,552 $101,738 -0.1%
Net Income $11,557 $98,265 -0.9%
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

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
2

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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELSEY MASON TREASURERSECRETARY 1.00
Officer Director
$0 $0 $0
MARK JUELICH PRESIDENT 0.00
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
2023 $102,109 $90,552 $109,822 $11,557
2022 $200,003 $101,738 $98,265 $98,265
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