MATT & SHANDA CARSTENS FAMILY FOUN… - Form 990 Financial Data

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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

2023

Legal Domicile

Principal Officer

SHANDA CARSTENS

Phone

5158004769

Tax Period

2023-11-15 to 2023-12-31

MATT & SHANDA CARSTENS FAMILY FOUNDATION, founded in 2023, is a small nonprofit in the Education sector that reported $770K in total revenue in fiscal year 2023. The organization ran a surplus of $237K, a strong 31% operating margin.

Mission

MAKE A DIFFERENCE IN RURAL COMMUNITIES ACROSS THE MIDWEST AND ADVANCE CHARITABLE PURPOSES BY SUPPORTING PUBLIC EDUCATION, EMPOWERING FUTURE GENERATIONS, AND ENSURING RURAL VITALITY.

Program Service Accomplishments

Program 1

Expenses: $532,700

NO PROGRAM SERVICE ACCOMPLISHMENT, SINCE IT'S THE ORGANIZATION'S FIRST YEAR IN OPERATION AND ONLY "ACTIVE" FOR A MONTH AND A HALF.

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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 (2023)

Revenue Breakdown

Contributions & Grants $770,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $770,000

Expense Breakdown

Grants Paid $2,700

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $532,700

Other Expenses $530,000

TOTAL EXPENSES $532,700

Year-over-Year Comparison

	2023	2022	Change
Revenue	$770,000	N/A	N/A
Expenses	$532,700	N/A	N/A
Net Income	$237,300	N/A	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHANDA CARSTENS	PRESIDENT	3.00	Officer Director	$0	$0	$0
MATT CARSTENS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY BENDICKSON	TREASURER	1.00	Officer Director	$0	$0	$0
STEVE NIELSEN	SECRETARY	1.00	Officer Director	$0	$0	$0
CAMDEN CARSTENS	DIRECTOR	1.00	Director	$0	$0	$0
CLAIRE CARSTENS	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYNE CARSTENS	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
2024	No data	No data	No data	No data
2023	$770,000	$532,700	$237,300	$237,300

MATT & SHANDA CARSTENS FAMILY FOUNDATION