RIDGWAY VETS HOME ASSOCIATION (EIN 251765268) - Form 990 Financial Analysis & Trantor Score

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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

1950

Legal Domicile

Principal Officer

MIKE BONFARDINE

Phone

8147720036

Tax Period

2024-01-01 to 2024-12-31

RIDGWAY VETS HOME ASSOCIATION, founded in 1950, is a micro nonprofit in the Recreation & Sports sector that reported $88K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $131K exceeded revenue, resulting in a 49% operating deficit.

Mission

SERVICE TO VETERANS IN THE RIDGWAY COMMUNITY

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $87,968

TOTAL REVENUE $87,968

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,067

Fundraising Expenses $0

Other Expenses $50,492

TOTAL EXPENSES $130,879

Year-over-Year Comparison

	2024	2023	Change
Revenue	$87,968	$120,028	-0.3%
Expenses	$130,879	$159,015	-0.2%
Net Income	$-42,911	$-38,987	+0.1%

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

102

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE BUERK	TRUSTEE	N/A	Director	$0	$0	$0
KRIS HODGDON	TRUSTEE	N/A	Director	$0	$0	$0
JOE TIMBLIN	TRUSTEE	N/A	Director	$0	$0	$0
MIKE BONFARDINE	COMMANDER	N/A	Officer	$0	$0	$0
MIKE BONFARDINE	PRESIDENT	N/A	Officer	$0	$0	$0
SCOTT RAKIESKI	VICE PRESIDE	N/A	Officer	$0	$0	$0
JIM WOLFF	FINANCIAL SE	N/A	Officer	$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
2025	No data	No data	No data	No data
2024	$87,968	$130,879	$79,101	$-42,911
2023	$120,028	$159,015	$85,047	$-38,987

RIDGWAY VETS HOME ASSOCIATION