RIDGECREST FOUNDATION INC

EIN: 391889281 501(c)(3) Philanthropy & Grantmaking

DAVENPORT, IA

Total Revenue
$383,077
Total Expenses
$75,473
Total Assets
$3,252,539
Net Assets
$3,232,926
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
IA
Principal Officer
DAVE BIPPUS
Phone
5633913430
Tax Period
2024-07-01 to 2025-06-30

RIDGECREST FOUNDATION INC, founded in 1996, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $383K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $308K, a strong 80% operating margin.

Mission

THE MISSION OF THE RIDGECREST FOUNDATION IS TO GENERATE RESOURCES TO SUPPORT AND ENRICH THE QUALITY OF LIFE FOR THE PRESENT AND FUTURE RESIDENTS AT RIDGECREST VILLAGE, ENCOURAGE A CULTURE OF CARING, AND PROMOTE THE CONCEPT OF PHILANTHROPY IN OUR COMMUNITY.

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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 $164,377
Program Service Revenue $0
Investment Income $218,700
Other Revenue $0
TOTAL REVENUE $383,077

Expense Breakdown

Grants Paid $7,250
Salaries & Benefits $25,610
Fundraising Expenses $14,572
Program Expenses $46,735
Other Expenses $42,613
TOTAL EXPENSES $75,473

Year-over-Year Comparison

2024 2023 Change
Revenue $383,077 $428,532 -0.1%
Expenses $75,473 $718,033 -0.9%
Net Income $307,604 $-289,501 -2.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
12

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
9
$251,038
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK MCDONALD CEO 40.00
Officer
$0 $45,574 $251,038
DAVE BIPPUS PRESIDENT N/A
Officer Director
$0 $0 $0
ALANA CALLENDER SECRETARY N/A
Officer Director
$0 $0 $0
REV KRISTINE DOHRMANN BOARD LIAISO N/A
Officer Director
$0 $0 $0
ELAINE KRESSE FORMER TRUST N/A
Director
$0 $0 $0
DAVID LEVIN BOARD LIAISO N/A
Officer Director
$0 $0 $0
STEPHEN MAPES FORMER TRUST N/A
Director
$0 $0 $0
JOHN NISLY FORMER SECRE N/A
Officer Director
$0 $0 $0
AMY ORR FORMER TRUST N/A
Director
$0 $0 $0
HANK RUNGE FORMER PRESI N/A
Officer Director
$0 $0 $0
MARY SLUSSER FORMER TRUST N/A
Director
$0 $0 $0
ROSS STANFORTH TREASURER N/A
Officer Director
$0 $0 $0
AMI WELLS FORMER BOARD N/A
Officer 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 $383,077 $75,473 $3,252,539 $307,604
2024 $428,532 $718,033 $2,966,934 $-289,501
2023 $219,776 $351,913 $3,003,279 $-132,137
2022 $309,919 $240,387 $2,896,346 $69,532
2021 $195,759 $204,857 $3,314,796 $-9,098
2020 $190,008 $135,702 $2,721,412 $54,306
2019 $387,021 $116,114 $2,787,321 $270,907
2018 $304,851 $258,229 $2,577,843 $46,622
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