THE HILLSBORO 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

1986

Legal Domicile

Principal Officer

FUNDA KELSAY

Phone

5033524514

Tax Period

2024-07-01 to 2025-06-30

THE HILLSBORO COMMUNITY FOUNDATION, founded in 1986, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $365K, a strong 29% operating margin.

Mission

THE HILLSBORO COMMUNITY FOUNDATION ENHANCES THE LIVABILITY AND QUALITY OF LIFE IN OUR COMMUNITY BY PROMOTING AND FACILITATING CHARITABLE GIVING TO ADDRESS LOCAL NEEDS.

Program Service Accomplishments

Program 1

Expenses: $750,052

THE HILLSBORO COMMUNITY FOUNDATION (HCF) ADVANCED ITS MISSION IN 20242025 BY STRENGTHENING COMMUNITY PARTNERSHIPS AND EXPANDING CHARITABLE INVESTMENTS THAT ENHANCE QUALITY OF LIFE IN HILLSBORO...

THE HILLSBORO COMMUNITY FOUNDATION (HCF) ADVANCED ITS MISSION IN 20242025 BY STRENGTHENING COMMUNITY PARTNERSHIPS AND EXPANDING CHARITABLE INVESTMENTS THAT ENHANCE QUALITY OF LIFE IN HILLSBORO, OREGON. TOTAL ASSETS INCREASED TO APPROXIMATELY 6.3 MILLION IN FY2024, UP FROM 5.6 MILLION IN FY2023AN INCREASE OF ROUGHLY 650,000 (11.5%). ANNUAL CONTRIBUTIONS TOTALED APPROXIMATELY 1.01 MILLION, REFLECTING CONTINUED GROWTH IN PHILANTHROPIC SUPPORT. HCF DISTRIBUTED 661,881 IN GRANTS, SCHOLARSHIPS, AND COMMUNITY INITIATIVES, INCLUDING 98,500 FOR STUDENT SCHOLARSHIPS AND 92,635 IN ARTS AND CULTURE GRANTS TO SUPPORT LOCAL ORGANIZATIONS. OVER 400,000 IN DONOR-ADVISED FUNDS SUPPORTED PROJECTS SUCH AS AN ALL-INCLUSIVE PLAYGROUND, YOUTH SPORTS PROGRAMS, PUBLIC SAFETY EFFORTS, SENIOR SERVICES, AND ENVIRONMENTAL PRESERVATION. THROUGH THESE EFFORTS, HCF CONTINUES TO SERVE AS A KEY PHILANTHROPIC PARTNER, LEVERAGING DONOR RESOURCES TO ADDRESS COMMUNITY NEEDS AND PROMOTE LONG-TERM IMPACT.

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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 $1,232,824

Program Service Revenue $0

Investment Income $28,913

Other Revenue $3,000

TOTAL REVENUE $1,264,737

Expense Breakdown

Grants Paid $713,752

Salaries & Benefits $116,281

Fundraising Expenses $0

Program Expenses $750,052

Other Expenses $69,408

TOTAL EXPENSES $899,441

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,264,737	$1,085,536	+0.2%
Expenses	$899,441	$881,807	+0.0%
Net Income	$365,296	$203,729	+0.8%

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

Volunteers

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

$94,564

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK ZUROW	EXECUTIVE DI	40.00	Officer	$40,944	$0	$40,944
CRISTINA BOWERMAN	EXECUTIVE DI	40.00	Officer	$50,887	$2,733	$53,620
FUNDA KELSAY	PRESIDENT	2.00	Officer Director	$0	$0	$0
ARMANDO JIMENEZ	PRESIDENT-EL	1.00	Officer Director	$0	$0	$0
MARY ORDAL	IMMEDIATE PA	1.00	Director	$0	$0	$0
MARGARET GARZA	SECRETARY	1.00	Officer Director	$0	$0	$0
JERRY WILLEY	TREASURER	2.00	Officer Director	$0	$0	$0
STEVE CALLAWAY	DIRECTOR	1.00	Director	$0	$0	$0
BOB GROVER	DIRECTOR	1.00	Director	$0	$0	$0
FRED JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW MCKEAN	DIRECTOR	1.00	Director	$0	$0	$0
JERRALYNN NESS	DIRECTOR	1.00	Director	$0	$0	$0
DEANNA PALM	DIRECTOR	1.00	Director	$0	$0	$0
JEFF VAN RADEN	DIRECTOR	1.00	Director	$0	$0	$0
VERONICA VAZQUEZ	DIRECTOR	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
2025	$1,264,737	$899,441	$7,275,191	$365,296
2024	$1,085,536	$881,807	$6,298,607	$203,729
2023	$982,698	$486,859	$5,648,608	$495,839
2022	$1,018,338	$583,757	$4,930,335	$434,581
2021	$1,677,074	$410,240	$4,763,227	$1,266,834
2020	$1,659,588	$488,899	$3,500,820	$1,170,689
2019	$704,649	$239,339	$2,331,824	$465,310
2018	$847,328	$518,770	$1,860,564	$328,558