Richfield Spartan 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

1990

Legal Domicile

Principal Officer

David Boie

Phone

6122518711

Tax Period

2025-01-01 to 2025-12-31

Richfield Spartan Foundation Inc, founded in 1990, is a small nonprofit in the Education sector that reported $137K in total revenue in fiscal year 2025. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $57K, a strong 42% operating margin.

Mission

The purpose of this corporation shall be to develop, promote and support academic, athletic, altruistic and other endeavors of Richfield youth.

Program Service Accomplishments

Program 1

Expenses: $79,414

Provided scholarships via the high school which are then awarded to Richfield high school students: 30 at $2,000 each for post secondary education. Further, provided funds to purchase sports, band...

Provided scholarships via the high school which are then awarded to Richfield high school students: 30 at $2,000 each for post secondary education. Further, provided funds to purchase sports, band, and art equipment to be used by the high school 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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $121,817

Program Service Revenue $0

Investment Income $13,847

Other Revenue $1,646

TOTAL REVENUE $137,310

Expense Breakdown

Grants Paid $77,003

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $79,414

Other Expenses $3,261

TOTAL EXPENSES $80,264

Year-over-Year Comparison

	2025	2024	Change
Revenue	$137,310	$169,249	-0.2%
Expenses	$80,264	$49,936	+0.6%
Net Income	$57,046	$119,313	-0.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
David Boie	President	Officer Director	$0	$0	$0
Jim Gay	Director	Director	$0	$0	$0
Jim Habeck	Director	Director	$0	$0	$0
Blaine Joerger	Director	Director	$0	$0	$0
Maria Kimmes	Secretary	Officer Director	$0	$0	$0
Dave Lamberger	Director	Director	$0	$0	$0
Sara Linde	Director	Director	$0	$0	$0
Steve Lindgren	Director	Director	$0	$0	$0
Stuart Lindgren	Treasurer	Officer Director	$0	$0	$0
Jerry Nye	Director	Director	$0	$0	$0
Chris Peterson	Director	Director	$0	$0	$0
Tim Pollis	Director	Director	$0	$0	$0
Kris Pullford	Director	Director	$0	$0	$0
Debbie Richie	Director	Director	$0	$0	$0
Mike Sandahl	Vice President	Officer Director	$0	$0	$0
Dan Seeler	Director	Director	$0	$0	$0
Bob Strandquist	Director	Director	$0	$0	$0
Mark Wegmiller	Director	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	$137,310	$80,264	$601,285	$57,046
2024	$169,249	$49,936	$517,244	$119,313
2023	$156,541	$59,893	$381,390	$96,648
2022	$116,519	$49,560	$244,126	$66,959
2021	$66,571	$52,035	$194,314	$14,536
2020	$50,120	$39,745	$167,287	$10,375