Weldwerks Community Foundation

Nonprofit profile at a glance

EIN
824976036
IRS 990-EZ coverage
2018–2024
Forms available
Form 990 2022, Form 990-EZ 2024
Location
Greeley, CO, USA
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
Human Service Organizations

Reported finances

Revenue
$1,800
Expenses
$16,001
Assets
$75,046

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

Leadership & pay

5 people listed

Executive titles in this filing

  • PHIL GRIZZLE (PRESIDENT)
  • KRISTIN POPCHEFF (VICE PRESIDENT)
  • NEIL FISHER (VICE PRESIDENT)
  • LYLE SMITH-GRAYBEAL (VICE PRESIDENT)

People named in this filing

  • PHIL GRIZZLE (PRESIDENT)
  • KRISTIN POPCHEFF (VICE PRESIDENT)
  • NEIL FISHER (VICE PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

Weldwerks community foundation provides manpower and funding to charitable organizations within northern Colorado to improve our local communities. Manpower and funding is not targeted toward any specific demographic or need and instead relies on the viability of the receiving charity to fulfill their pledged duties.

What it reported doing in 2024

Weldwerks invitational festival - the sole purpose of the festival is to raise funds for the weldwerks community foundations mission.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of total spending goes to programs and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 51
  • Transparency & Controls: 75
  • Sustainability: 32
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.4%; rating input score 76
  • Program expense ratio: 8.6%; rating input score 9

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 3rd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -788.9%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 4.69; rating input score 83; 83rd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -31.3% per year; rating input score 0; 13th percentile among comparable filings
  • Revenue growth: -3.6% per year; rating input score 0; 38th percentile among comparable filings
  • Asset growth: 10.7% per year; rating input score 100; 74th percentile among comparable filings

Details

  • Where the money goes: 76.4% of revenue deployed · 8.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $1K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 6 of 7 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 4 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.

  • High — Financial Efficiency: Program expense ratio scored 9/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.