WEST CENTRAL INITIATIVE

EIN: 363453471 501(c)(3) Philanthropy & Grantmaking

FERGUS FALLS, MN

Total Revenue
$16,024,793
Total Expenses
$11,792,919
Total Assets
$96,470,939
Net Assets
$94,180,113
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
MN
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. VISION OF A VIBRANT, INCLUSIVE, AND SUSTAINABLE WORLD STARTS HERE IN WEST CENTRAL MINNESOTA.

Program Service Accomplishments

Program 1
Expenses: $6,819,227 Revenue: $379,900

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...

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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.

Program 2
Expenses: $1,687,724

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...

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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.

Program 3
Expenses: $711,721 Revenue: $385,551

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...

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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.

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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%)

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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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Governance

Voting Members
15
Independent Members
15
Employees
32
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
6
$306,653
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
2
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
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