FERGUS FALLS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WEST CENTRAL INITIATIVE, founded in 1986, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $16.0M in total revenue in fiscal year 2024. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.2M, a strong 26% operating margin.
SERVING TO IMPROVE WEST CENTRAL MINNESOTA THROUGH FUNDING, PROGRAMS, AND TECHNICAL ASSISTANCE. VISION OF A VIBRANT, INCLUSIVE, AND SUSTAINABLE WORLD STARTS HERE IN WEST CENTRAL MINNESOTA.
COMMUNITY AND FOUNDATION GRANTMAKING: AS A COMMUNITY FOUNDATION, ONE OF OUR ROLES IS TO ESTABLISH AND MANAGE DEDICATED PERMANENT FUNDS THAT ADDRESS SPECIFIC CHARITABLE PURPOSES. WE CALL THESE FUNDS...
COMMUNITY AND FOUNDATION GRANTMAKING: AS A COMMUNITY FOUNDATION, ONE OF OUR ROLES IS TO ESTABLISH AND MANAGE DEDICATED PERMANENT FUNDS THAT ADDRESS SPECIFIC CHARITABLE PURPOSES. WE CALL THESE FUNDS "COMPONENT FUNDS" BECAUSE THEY ARE PART OF OUR MISSION AND ASSET VALUATION. IN FY25, WE ADDED 14 NEW COMPONENT FUNDS TO OUR PORTFOLIO. DRIVEN BY OUR STRATEGIC PRIORITIES AND CONNECTED TO THE SUSTAINABLE DEVELOPMENT GOALS, GRANTS ARE JUST ONE OF MANY RESOURCES WE OFFER TO SUPPORT OUR REGION'S FAMILIES, COMMUNITIES, ORGANIZATIONS, AND BUSINESSES. WE AWARDED JUST UNDER $6.3 MILLION IN GRANTS DURING THE CURRENT YEAR.
PROGRAMS AND OUTREACH: OUR EARLY CHILDHOOD INITIATIVE IS A NETWORK OF PARENTS, EDUCATORS, BUSINESSES, COMMUNITY LEADERS, FAITH LEADERS, AND POLICYMAKERS JOINED IN A LONG-TERM EFFORT TO PRIORITIZE THE...
PROGRAMS AND OUTREACH: OUR EARLY CHILDHOOD INITIATIVE IS A NETWORK OF PARENTS, EDUCATORS, BUSINESSES, COMMUNITY LEADERS, FAITH LEADERS, AND POLICYMAKERS JOINED IN A LONG-TERM EFFORT TO PRIORITIZE THE CARE AND DEVELOPMENT OF YOUNG CHILDREN. TWO IMPORTANT FACETS OF OUR EARLY CHILDHOOD INITIATIVE INCLUDE OUR EARLY CHILDHOOD DENTAL NETWORK AND EARLY CHILDHOOD MENTAL HEALTH NETWORK. BOTH PROGRAMS TAKE A COLLABORATIVE APPROACH TO HELP ENSURE OUR CHILDREN GET THE CARE THEY NEED AND DESERVE. WE COMPLETED THE CLIMATE ACTION PLAN FOR WEST CENTRAL MINNESOTA IN SPRING OF 2023, AND WE ARE NOW FOCUSED ON PUTTING IT INTO ACTION THROUGH STAFFING AND OUTREACH, WITH THE GOAL OF CREATING A SUSTAINABLE AND RESPECTED ENVIRONMENT FOR THE FUTURE. IN SEPTEMBER 2024, WE SPONSORED MORE THAN 30 WELCOMING WEEK EVENTS IN OUR REGION TO WELCOME AND CELEBRATE NEWCOMERS OF ALL BACKGROUNDS. OUR LIVE WIDE OPEN PROGRAM SHOWCASES THE OPPORTUNITIES, NATURAL AMENITIES, AND DIVERSE INDIVIDUALS IN WEST CENTRAL MINNESOTA, AIMING TO INSPIRE A SENSE OF BELONGING AND ATTRACT PEOPLE TO THE REGION. OUR RURAL DEMOCRACY PROGRAM, IN A REGION CONSIDERED LEADERSHIP DISTRESSED, OFFERS TRAINING TO INDIVIDUALS CONSIDERING RUNNING FOR OFFICE, ENGAGES HISTORICALLY EXCLUDED GROUPS IN CIVIC PROCESSES, AND SUPPORTS LOCAL LEADERS IN PARTICIPATING IN LOCAL GOVERNMENT AND NONPROFITS. OUR CLIMATE AND SUSTAINABILITY PROGRAM COORDINATED A SOLAR PURCHASING CAMPAIGN IN PARTNERSHIP WITH SOLAR UNITED NEIGHBORS THAT EDUCATED 100 RESIDENTS ABOUT SOLAR OPPORTUNITIES FOR THEIR HOMES; SUPPORTED 10 COMMUNITIES IN IN DEVELOPING SMALL-SCALE SOLAR AND ENERGY RESILIENCE PROJECTS THAT HAVE DIRECT COMMUNITY BENEFITS, LEVERAGING PUBLIC AND PHILANTHROPIC FUNDS; CONVENED MONTHLY MEETING AND EVENTS WITH REGIONAL STAKEHOLDERS AROUND CLIMATE ACTION OPPORTUNITIES FROM THE MN REGION 4 CLIMATE ACTION PLAN.
PLANNING AND ECONOMIC DEVELOPMENT: THROUGH OUR PLANNING, LENDING, AND TECHNICAL ASSISTANCE WORK, WE PARTNER WITH REGIONAL LEADERS TO CREATE VIBRANT, SUSTAINABLE, AND WELCOMING COMMUNITIES FOR ALL. AS...
PLANNING AND ECONOMIC DEVELOPMENT: THROUGH OUR PLANNING, LENDING, AND TECHNICAL ASSISTANCE WORK, WE PARTNER WITH REGIONAL LEADERS TO CREATE VIBRANT, SUSTAINABLE, AND WELCOMING COMMUNITIES FOR ALL. AS THE FEDERALLY DESIGNATED PLANNING ORGANIZATION FOR THE REGION THROUGH THE U.S. ECONOMIC DEVELOPMENT ADMINISTRATION, EVERY FIVE YEARS WE CREATE A COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY FOR THE REGION IV ECONOMIC DEVELOPMENT DISTRICT OF MINNESOTA. THE DOCUMENT OUTLINES THE NEEDS, GOALS, STRATEGIES, AND IMPLEMENTATION PROCESS FOR THE REGION'S ECONOMIC DEVELOPMENT WORK. WE DISTRIBUTED $1.75 MILLION IN LOANS IN FY25 TO 25 BUSINESSES IN OUR REGION. THROUGH A CONTRACT WITH THE MINNESOTA DEPARTMENT OF TRANSPORTATION, WE ADMINISTER A TRANSPORTATION PLANNING PROGRAM FOR WEST CENTRAL MINNESOTA. THIS PARTNERSHIP ALLOWS FOR COORDINATED, LONG-RANGE REGIONAL TRANSPORTATION PLANNING. NEW SAFE ROUTES TO SCHOOL PLANS WERE CREATED DURING THE YEAR THAT BENEFITED MORE THAN 340 STUDENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $16,024,793 | $9,762,014 | +0.6% |
| Expenses | $11,792,919 | $12,096,788 | 0.0% |
| Net Income | $4,231,874 | $-2,334,774 | -2.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| COREY KRATCHA | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| JACKIE BUBOLTZ | CHAIRPERSON | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| LAURA JB SCHMIDT | VICE CHAIRPERSON | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| KARI KREFT | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| ERIC NEWELL | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| ELIZABETH PIHLAJA | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| TYLER WIRTH | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| DAVID SCHORNACK | TREASURER | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| JACOB MCARTHUR | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| NANCY HUOT | SECRETARY | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| MICHELE STAEBLER | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| TRINA STARKER | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| JANICE TWEET | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| RYAN ROONEY | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| LISA TILLOTSON | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| ANNA WASESCHA | PRESIDENT | 40.00 |
Officer
|
$200,547 | $10,205 | $210,752 |
| TREVOR GERVAIS | CFO | 40.00 |
Officer
|
$84,860 | $11,041 | $95,901 |
| REBECCA PETERSON | DIRECTOR OF DEVELOPMENT | 40.00 |
Highest
|
$115,214 | $5,829 | $121,043 |
| GREGORY WAGNER | DIRECTOR OF BUSINESS AND ECONOMIC DEVELOPMENT | 40.00 |
Highest
|
$103,440 | $6,304 | $109,744 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $16,024,793 | $11,792,919 | $96,470,939 | $4,231,874 |
| 2024 | $9,762,014 | $12,096,788 | $88,800,984 | $-2,334,774 |
| 2023 | $9,220,682 | $7,282,692 | $87,078,134 | $1,937,990 |
| 2022 | $10,157,757 | $8,524,125 | $80,928,029 | $1,633,632 |
| 2021 | $16,496,170 | $8,812,042 | $88,146,550 | $7,684,128 |
| 2020 | $10,943,242 | $6,685,716 | $74,517,895 | $4,257,526 |
| 2019 | $6,567,681 | $5,886,902 | $71,296,541 | $680,779 |
Compare WEST CENTRAL INITIATIVE with other nonprofits in Minnesota and across the country.