Community Foundation Alliance Inc

Nonprofit profile at a glance

EIN
351830262
IRS 990 coverage
2014–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Evansville, IN, USA
Phone
8124291191
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Community Foundations

Official website

Reported finances

Revenue
$23,051,770
Expenses
$12,404,634
Assets
$167,856,552
Liabilities
$8,046,960

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

24 people listed

Executive titles in this filing

  • JILL CARPENTER (CEO/SECRETARY)

Highest reported compensation

  • JILL CARPENTER (CEO/SECRETARY): $213,479 total reported compensation
  • TIMOTHY JONES (CFO): $144,204 total reported compensation
  • MELINDA WALDROUP (CHIEF PROGRAM OFFICER): $116,393 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The community foundation alliance works toward a thriving southwest Indiana for all, for generations to come. We cultivate resources and relationships to address the evolving needs of southwest Indiana. We serve all nine counties in our region - daviess, gibson, knox, perry, pike, posey, spencer, vanderburgh, and warrick - turning generosity into lasting local impact. We help donors transform their giving into meaningful, measurable change that strengthens our communities today and for generations to come.

What it reported doing in 2024

Community development and recreation - this category reflects grants that enhance the livability and connectedness of our communities. Funding supported maintenance and equipment for parks and playgrounds, improvements to downtown areas and community centers, and community-wide events. By investing in spaces, experiences, and programs that bring people together, these grants foster engagement, strengthen neighborhoods, and improve quality of life across the region.

Operating model

Revenue model
Donor-supported. 77% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 87% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 83
  • Accountability: 100
  • Sustainability: 88
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 63.5%; rating input score 64
  • Program expense ratio: 88.2%; rating input score 88
  • Fundraising efficiency: $23.05 raised per $1 spent on fundraising; rating input score 60; 60th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 93.3%; rating input score 93; 23rd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 46.2%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 13.53; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 83; 83rd percentile among comparable filings
  • Officer compensation ratio: 3.8%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: 12.2% per year; rating input score 100; 78th percentile among comparable filings
  • Revenue growth: 10.2% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: 7.3% per year; rating input score 100; 51st percentile among comparable filings

Details

  • Where the money goes: 63.5% of revenue deployed · 88.2% of spending went to programs
  • Governance: 21 of 21 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $10.9M in reported program spending
  • Leadership: top reported pay $213K · 24 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 33 of 34 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 9 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 209 filed money-flow records
  • Related organizations: 208 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.