WEST CENTRAL INITIATIVE (EIN 363453471) - 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

1986

Legal Domicile

Principal Officer

ANNA WASESCHA

Phone

2187392239

Tax Period

2024-07-01 to 2025-06-30

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.

Mission

SERVING TO IMPROVE WEST CENTRAL MINNESOTA THROUGH FUNDING, PROGRAMS, AND TECHNICAL ASSISTANCE. UNITING IDEAS AND RESOURCES TO HELP PEOPLE AND COMMUNITIES CREATE A BETTER TOMORROW.

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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 $10,188,806

Program Service Revenue $765,451

Investment Income $4,996,465

Other Revenue $74,071

TOTAL REVENUE $16,024,793

Expense Breakdown

Grants Paid $6,298,386

Salaries & Benefits $2,935,800

Fundraising Expenses $1,016,680

Program Expenses $9,218,672

Other Expenses $2,558,733

TOTAL EXPENSES $11,792,919

Year-over-Year Comparison

	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%

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

661

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

$306,653

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

WEST CENTRAL INITIATIVE