Westminster Community Foundation

Nonprofit profile at a glance

EIN
841576476
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-EZ 2016
Location
Westminster, CO, USA
Phone
3036582319
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Parks and Playgrounds

Reported finances

Revenue
$132,368
Expenses
$148,505
Assets
$241,399
Liabilities
$0

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

Leadership & pay

7 people listed

Executive titles in this filing

  • MIKE LAZAR (PRESIDENT)

People named in this filing

  • RYAN MCCOY (CHAIR)
  • MIKE LAZAR (PRESIDENT)
  • MARILEE MENARD (SECRETARY)

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

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

Overview

Mission

We nbsp; enrich nbsp; the nbsp; spirit nbsp; and nbsp; indentity nbsp; of nbsp; westminster nbsp; now nbsp; and nbsp; for nbsp; future nbsp; generations nbsp; by nbsp; connecting nbsp; people nbsp; who nbsp; care nbsp; with nbsp; causes nbsp; that nbsp; enrich nbsp; our nbsp; community nbsp; we nbsp; serve nbsp; as nbsp; the nbsp; leader nbsp; catalyst nbsp; and nbsp; resource nbsp; for nbsp; philantrhopy nbsp; in nbsp; our nbsp; community nbsp; we nbsp; provide nbsp; donors nbsp; with nbsp; flexible nbsp; means nbsp; of nbsp; making nbsp; gifts nbsp; and nbsp; bequests nbsp; to nbsp; support nbsp; the nbsp; charitable nbsp; causes nbsp; that nbsp; make nbsp; the nbsp; city nbsp; of nbsp; westminster nbsp; an nbsp; outstanding nbsp; community nbsp; in nbsp; which nbsp; to nbsp; live nbsp; work nbsp; and nbsp; play

What it reported doing in 2024

We proudly provided financial support to six local organizations dedicated to improving the lives of westminster residents. These investments focused on advancing student success strengthening health and safety net services and enhancing the beauty and vitality of our city.

Operating model

Revenue model
Donor-supported. 71% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 49% for direct work, and 51% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 90
  • Accountability: 88
  • Sustainability: 43
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.5%; rating input score 84
  • Program expense ratio: 72.1%; rating input score 72
  • Fundraising efficiency: $3.56 raised per $1 spent on fundraising; rating input score 16; 16th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -12.2%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: 1.63; rating input score 54; 54th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: -8.7% per year; rating input score 0; 12th percentile among comparable filings
  • Revenue growth: 4.6% per year; rating input score 100; 50th percentile among comparable filings
  • Asset growth: 2.3% per year; rating input score 100; 35th percentile among comparable filings

Details

  • Where the money goes: 83.5% of revenue deployed · 72.1% of spending went to programs
  • Governance: 7 of 7 board members independent · 5 of 7 filing controls reported
  • Programs: 4 filed program accomplishments · $107K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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: Fundraising efficiency scored 16/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Operating margin scored 20/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 54/100.