RIDGEVIEW FOUNDATION (EIN 411328097) - 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

1978

Legal Domicile

Principal Officer

MICHAEL PHELPS

Phone

9524426010

Tax Period

2023-01-01 to 2023-12-31

RIDGEVIEW FOUNDATION, founded in 1978, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.1M in total revenue in fiscal year 2023. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 33% operating margin.

Mission

TO MAKE A POSITIVE DIFFERENCE IN THE QUALITY OF LIFE AND HEALTH FOR THE PEOPLE OF OUR AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,520,250

Program Service Revenue $0

Investment Income $719,320

Other Revenue $-106,600

TOTAL REVENUE $4,132,970

Expense Breakdown

Grants Paid $2,555,141

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,631,705

Other Expenses $220,709

TOTAL EXPENSES $2,775,850

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,132,970	$2,158,199	+0.9%
Expenses	$2,775,850	$2,763,503	+0.0%
Net Income	$1,357,120	$-605,304	-3.2%

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

102

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

$2,124,853

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON CROW	BOARD MEMBER	0.50	Director	$0	$0	$0
CARLA STRUBLE	CHAIR	0.50	Officer Director	$0	$0	$0
KATHRYN BARNES	BOARD MEMBER	0.50	Director	$0	$0	$0
JENNIFER TREGARTHEN	VICE CHAIR	0.50	Officer Director	$0	$0	$0
TROY WERK	SECRETARY	0.50	Officer Director	$0	$0	$0
MIKE BAUER	BOARD MEMBER	0.50	Director	$0	$0	$0
BRIAN BENIEK	BOARD MEMBER	0.50	Director	$0	$0	$0
TIM FOSTER	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN HAYES	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN TAYLOR	BOARD MEMBER	0.50	Director	$0	$0	$0
DR BRUCE HUBBARD	BOARD MEMBER	0.50	Director	$0	$0	$0
RYAN JOHNSON	BOARD MEMBER	0.50	Director	$0	$0	$0
KEVIN KOEMPTGEN	FINANCE CHAIR	0.50	Officer Director	$0	$0	$0
MELISSA TRIMM	BOARD MEMBER	0.50	Director	$0	$0	$0
JESSICA MONARCH	BOARD MEMBER	0.50	Director	$0	$0	$0
JEAN MURRAY	BOARD MEMBER	0.50	Director	$0	$0	$0
TIM SAMUELSON	BOARD MEMBER	0.50	Director	$0	$0	$0
TIM SCHMIDT	BOARD MEMBER	0.50	Director	$0	$0	$0
HANS SIEFKER	BOARD MEMBER	0.50	Director	$0	$0	$0
DR MICHAEL SMITH	BOARD MEMBER	0.50	Director	$0	$0	$0
CHUCK SPEVACEK	BOARD MEMBER	0.50	Director	$0	$0	$0
NIKKI VANECEK	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID WINDSCHITL	BOARD MEMBER	0.50	Director	$0	$0	$0
RUTH VOLTHERMS	BOARD MEMBER	0.50	Director	$0	$0	$0
ALLIE NEWMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL PHELPS	PRESIDENT/CEO	0.50	Officer	$0	$89,808	$1,206,967
AARON BLOOMQUIST	CFO	4.00	Officer	$0	$81,944	$688,431
KELLY MULLEADY	EXECUTIVE DIRECTOR	47.50	Officer	$0	$10,179	$229,455

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
2024	No data	No data	No data	No data
2023	$4,132,970	$2,775,850	$24,276,496	$1,357,120
2022	$2,158,199	$2,763,503	$22,122,176	$-605,304
2021	$4,458,524	$2,085,409	$25,209,433	$2,373,115
2020	$3,601,152	$1,911,646	$22,460,416	$1,689,506
2019	$3,153,511	$3,893,426	$19,315,628	$-739,915
2018	$4,950,683	$2,655,647	$18,702,001	$2,295,036

RIDGEVIEW FOUNDATION