RIVER VALLEY INITIATIVE FOUNDATION

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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

RICK DICKINSON

Phone

5635579049

Tax Period

2024-07-01 to 2025-06-30

RIVER VALLEY INITIATIVE FOUNDATION, founded in 2002, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $597K, a strong 52% operating margin.

Mission

RETAIN ANY EXPANDING, EXISTING BUSINESS, RECRUIT NEW BUSINESS, AND DEVELOP A STRONG WORKFORCE

Program Service Accomplishments

Program 1

Expenses: $537,633 Revenue: $386,347

TO RETAIN AND EXPAND EXISTING BUSINESS, RECRUIT NEW BUSINESS, AND DEVELOP PROGRAMS THROUGH A VARIETY OF MEANS, AND INCREASE THE WORKFORCE OF THE GREATER DUBUQUE AREA. THE RIVER VALLEY INITIATIVE...

TO RETAIN AND EXPAND EXISTING BUSINESS, RECRUIT NEW BUSINESS, AND DEVELOP PROGRAMS THROUGH A VARIETY OF MEANS, AND INCREASE THE WORKFORCE OF THE GREATER DUBUQUE AREA. THE RIVER VALLEY INITIATIVE FOUNDATION AIDS GREATER DUBUQUE DEVELOPMENT WITH ASSISTING THE UNEMPLOYED AND UNDEREMPLOYED BY EMPOWERING THESE INDIVIDUALS WITH THE SKILL SETS NECESSARY FOR THE JOBS THAT ARE BEING CREATED IN THE GREATER DUBUQUE AREA. THESE PROGRAMS INCLUDE INCLUSIVE DUBUQUE WORKS, BETTER TOGETHER, OPPORTUNITY DUBUQUE AND OTHERS. THE OUTCOMES INCLUDE LOWER UNEMPLOYMENT, JOB GROWTH, POPULATION GROWTH AND INCREASING THE AVERAGE WAGE. IN DECEMBER 2024, THE GREATER DUBUQUE AREA SERVED BY RIVER VALLEY INITIATIVE FOUNDATION HAD AN UNEMPLOYMENT RATE OF 3.3%.

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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 $1,087,347

Program Service Revenue $0

Investment Income $50,661

Other Revenue $506

TOTAL REVENUE $1,138,514

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $77,375

Fundraising Expenses $0

Program Expenses $537,633

Other Expenses $453,674

TOTAL EXPENSES $541,049

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,138,514	$671,372	+0.7%
Expenses	$541,049	$378,229	+0.4%
Net Income	$597,465	$293,143	+1.0%

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

N/A

Volunteers

N/A

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

$383,009

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JILL CONNORS	MEMBER	0.03	Director	$0	$0	$0
JOHN SCHMIDT	MEMBER	0.03	Director	$0	$0	$0
MARK ERNST	CHAIRPERSON	0.03	Officer Director	$0	$0	$0
LORI THIELEN	VICE CHAIRPERSON	0.03	Officer Director	$0	$0	$0
DAN WALSH	TREASURER	0.03	Officer Director	$0	$0	$0
KAY TAKES	CHAIRPERSON	0.03	Director	$0	$0	$0
ZACH KEELING	MEMBER	0.03	Director	$0	$0	$0
RICK DICKINSON	PRESIDENT & CEO (FORMER)	1.00	Key Emp	$0	$39,900	$383,009

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	$1,138,514	$541,049	$1,903,421	$597,465
2024	$671,372	$378,229	$1,294,060	$293,143
2023	$613,221	$380,285	$998,106	$232,936
2022	$96,458	$28,690	$754,594	$67,768
2021	$149,408	$1,150	$686,826	$148,258
2020	$88,309	$26,090	$538,568	$62,219