WHITE EARTH INVESTMENT INITIATIVE

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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

2002

Legal Domicile

Principal Officer

JULIA NELMARK

Phone

2188473191

Tax Period

2023-01-01 to 2023-12-31

WHITE EARTH INVESTMENT INITIATIVE, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $893K in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $793K left a modest 11% surplus.

Mission

TO ENGAGE IN COMMUNITY, ECONOMIC, AND HOUSING DEVELOPMENT ON THE WHITE EARTH INDIAN RESERVATION, WITH THE AIM OF HELPING TO ALLEVIATE POVERTY AND ENHANCING THE STANDARD OF LIVING FOR THE RESIDENTS THERE.

Program Service Accomplishments

Program 1

Expenses: $390,651 Revenue: $267,530

BUSINESS LOAN FUND THE WHITE EARTH INVESTMENT INITIATIVE ENGAGES IN COMMUNITY ECONOMIC DEVELOPMENT SERVICES, TARGETING RESIDENTS OF THE WHITE EARTH RESERVATION AND OTHER NATIVE AMERICANS STATEWIDE...

BUSINESS LOAN FUND THE WHITE EARTH INVESTMENT INITIATIVE ENGAGES IN COMMUNITY ECONOMIC DEVELOPMENT SERVICES, TARGETING RESIDENTS OF THE WHITE EARTH RESERVATION AND OTHER NATIVE AMERICANS STATEWIDE. IN 2023, 11 COMMERCIAL LOANS TOTALING $1,520,100 WERE PROVIDED FOR NATIVE COMMUNITY BUSINESSES AND FACILITIES. 66 JOBS WERE RETAINED WITH THESE FUNDS.

Program 2

Expenses: $204,322 Revenue: $110,831

CONSUMER LOAN FUND 236 CONSUMER LOANS TOTALING $1,308,652 WERE CLOSED IN 2023. THE VAST MAJORITY WERE NATIVE AMERICAN CLIENTS LIVING WITHIN THE BOUNDARIES OF THE WHITE EARTH RESERVATION. COMMON USES OF FUNDS INCLUDED DEBT CONSOLIDATION OR PAYOFF OF HIGH RATE LOANS, CAR REPAIR OR PURCHASE, CHRISTMAS AND BACK-TO-SCHOOL LOANS. CONSUMERS MAY FACE BARRIERS TO MAINSTREAM CREDIT AND MAY HAVE TOO MUCH DEBT, HAVE DEBT THAT IS POORLY STRUCTURED OR MAY HAVE PROBLEMS MANAGING THEIR DEBT; FAVORABLE TERMS MAY INCLUDE LOWER-THAN STANDARD DOWN-PAYMENT, HIGHER LOAN-TO-VALUE RATIO, ETC. THEY ALSO ORIGINATED 1 MORTGAGE LOAN IN 2023 IN THE AMOUNT OF $68,700 AND 3 CLOSING COST ASSISTANCE LOANS TOTALING $15,000.

Program 3

Expenses: $139,794 Revenue: $0

DEVELOPMENT SERVICES WEII OFFERS HOMEBUYER EDUCATION, HOUSING COUNSELING AND TAXPAYER ASSISTANCE TO RESIDENTS OF THE WHITE EARTH RESERVATION AND SURROUNDING COMMUNITIES TO SUPPORT FINANCIAL LITERACY AND ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND SERVICES AND HOMEOWNERSHIP. IN 2023, 555 FEDERAL TAX RETURNS WERE FILED FREE OF CHARGE THROUGH THE TAX PREPARATION PROGRAM, A SLIGHT DECREASE OVER THE NUMBER OF FEDERAL RETURNS FILED IN 2022. IN 2023, 13 HOUSEHOLD RECEIVED CLASSROOM-INSTRUCTED HOMEBUYER EDUCATION AND 20 HOUSEHOLDS RECEIVED RENTAL COUNSELING, HELPING TO PREPARE THEM FOR ASSET-BUILDING THROUGH HOMEOWNERSHIP. ALL EDUCATION AND COUNSELING OUTCOMES WERE HIGHER IN 2023 THAN IN 2022.

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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 $485,162

Program Service Revenue $397,441

Investment Income $3,169

Other Revenue $7,325

TOTAL REVENUE $893,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $301,470

Fundraising Expenses $10,947

Program Expenses $734,767

Other Expenses $492,022

TOTAL EXPENSES $793,492

Year-over-Year Comparison

	2023	2022	Change
Revenue	$893,097	$2,160,272	-0.6%
Expenses	$793,492	$769,602	+0.0%
Net Income	$99,605	$1,390,670	-0.9%

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

$413,022

Total Directors

$12,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA TOLIFSON	BOARD CHAIRWOMAN	0.50	Officer Director	$2,000	$0	$2,000
ROBERT AITKIN III	VICE-CHAIR	0.50	Director	$2,600	$0	$2,600
DEAN JOHNSON	SECRETARY	0.50	Director	$2,200	$0	$2,200
DOUG FABRE	DIRECTOR	0.50	Director	$2,400	$0	$2,400
MELINDA IVERSON	DIRECTOR	0.50	Director	$2,000	$0	$2,000
DAN STEVENS	DIRECTOR	0.50	Director	$800	$0	$800
JULIA NELMARK	CHIEF EXECUTIVE OFFICER	5.00	Officer	$0	$64,000	$411,022

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	$893,097	$793,492	$12,262,515	$99,605
2022	$2,160,272	$769,602	$11,663,427	$1,390,670
2021	$842,753	$463,287	$9,990,107	$379,466
2020	$1,579,743	$376,624	$8,790,454	$1,203,119
2019	$659,195	$442,023	$7,381,439	$217,172
2018	$505,478	$461,074	$6,185,211	$44,404