RIDGECREST FOUNDATION INC

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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

1996

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $44,998

PROMOTE & GENERATE CONTRIBUTIONS FOR THE USE OF PROVIDING HIGH QUALITY HOUSING AND HEALTH CARE SERVICES FOR THE RESIDENTS AT RIDGECREST VILLAGE.

Program 2

THE FOUNDATION PROVIDES INDIRECT SUPPORT FOR THE HONOR FLIGHT OF THE QUAD CITIES, A 501(C)(3) ORGANIZATION, THROUGH PROVIDING OFFICE SPACE.

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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 $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

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

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

$251,038

Total Directors

Key Employees

Highest Compensated

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