PINE RIVER AREA FOUNDATION INC

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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

2009

Legal Domicile

Principal Officer

JACKIE WETROSKY

Phone

2188310158

Tax Period

2025-01-01 to 2025-12-31

PINE RIVER AREA FOUNDATION INC, founded in 2009, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $195K in total revenue in fiscal year 2025. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $66K, a strong 34% operating margin.

Mission

TO ENHANCE THE LOCAL ECONOMIC AND ARTISTIC COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $110,907

THE LAKES BLUEGRASS FESTIVAL BRINGS ARTISTIC AND ECONOMIC ACTIVITY TO THE PINE RIVER, MN, AREA, AN UNDERSERVED COMMUNITY. INTRODUCED AN UNDERSERVED COMMUNITY TO AMERICANA MUSIC.

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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 (2025)

Revenue Breakdown

Contributions & Grants $61,910

Program Service Revenue $115,184

Investment Income $3,972

Other Revenue $13,945

TOTAL REVENUE $195,011

Expense Breakdown

Grants Paid $10,946

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $110,907

Other Expenses $118,482

TOTAL EXPENSES $129,428

Year-over-Year Comparison

	2025	2024	Change
Revenue	$195,011	$246,455	-0.2%
Expenses	$129,428	$202,055	-0.4%
Net Income	$65,583	$44,400	+0.5%

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

200

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
JACKIE WETROSKY	PRESIDENT	2.00	Officer Director	$0	$0	$0
DANELLE JOHNSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
LINETTE KANGAS	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRIS HANNEKEN	TREASURER	5.00	Officer Director	$0	$0	$0
JOHN WETROSKY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE HANSEN	DIRECTOR	1.00	Director	$0	$0	$0
JANA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
TROY GREGORY	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER FARNAM	DIRECTOR	1.00	Director	$0	$0	$0
SHARI LILLICH	DIRECTOR	1.00	Director	$0	$0	$0
BRENT PASSORELLA	DIRECTOR	1.00	Director	$0	$0	$0
DUANE KANGAS	DIRECTOR	1.00	Director	$0	$0	$0
LISA KANESKI	DIRECTOR	1.00	Director	$0	$0	$0
ERIC ROGGENKAMP	DIRECTOR	1.00	Director	$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	$195,011	$129,428	$473,887	$65,583
2024	$246,455	$202,055	$460,472	$44,400
2023	$194,995	$176,372	$456,705	$18,623
2022	$238,088	$157,525	$436,389	$80,563
2021	$208,361	$92,193	$373,945	$116,168
2021	$217,598	$92,307	$376,029	$125,291
2020	$74,512	$18,344	$258,117	$56,168