RICHFIELD TOURISM PROMOTION BOARD INC (EIN 411674890) - 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

1990

Legal Domicile

Principal Officer

GORDON VIZECKY

Phone

6125581671

Tax Period

2025-01-01 to 2025-12-31

RICHFIELD TOURISM PROMOTION BOARD INC, founded in 1990, is a small nonprofit in the Community Improvement sector that reported $155K in total revenue in fiscal year 2025. The organization ran a surplus of $29K, a strong 19% operating margin.

Mission

THE RICHFIELD TOURISM PROMOTION BOARD, INC. (THE BOARD) IS A MINNESOTA NON-PROFIT CORPORATION FORMED IN JULY 1990. THE BOARD'S PURPOSE IS TO PROMOTE THE CITY OF RICHFIELD, MINNESOTA AS A TOURIST DESTINATION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $8,000

Program Service Revenue $147,347

Investment Income $0

Other Revenue $0

TOTAL REVENUE $155,347

Expense Breakdown

Grants Paid $11,200

Salaries & Benefits $62,556

Fundraising Expenses $2,002

Program Expenses $97,877

Other Expenses $52,287

TOTAL EXPENSES $126,043

Year-over-Year Comparison

	2025	2024	Change
Revenue	$155,347	$162,171	0.0%
Expenses	$126,043	$155,206	-0.2%
Net Income	$29,304	$6,965	+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

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

$62,556

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAJ BHAKTA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
THUY NGUYEN	TREASURER	1.00	Officer Director	$0	$0	$0
MARY KINDSETH	SECRETARY	1.00	Officer Director	$0	$0	$0
GORDON VIZECKY	PRESIDENT	1.00	Officer Director	$0	$0	$0
HITESH PATEL	DIRECTOR	1.00	Director	$0	$0	$0
JAN YOUNGQUIST	DIRECTOR	1.00	Director	$0	$0	$0
KATY EPLER	EXECUTIVE DIRECTOR	26.00	Officer	$62,556	$0	$62,556

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	$155,347	$126,043	$112,244	$29,304
2024	$162,171	$155,206	$82,976	$6,965
2023	$152,185	$178,727	$75,231	$-26,542
2022	$125,707	$173,149	$101,773	$-47,442
2021	$84,184	$175,467	$149,215	$-91,283
2020	$87,186	$199,457	$240,498	$-112,271

RICHFIELD TOURISM PROMOTION BOARD INC