RIDGEWATER COLLEGE FOUNDATION (EIN 411847315) - 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

Legal Domicile

Principal Officer

ERIKA KELLEN

Phone

3202226095

Tax Period

2023-07-01 to 2024-06-30

RIDGEWATER COLLEGE FOUNDATION is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $1.6M left a modest 15% surplus.

Mission

TO EXPAND EDUCATIONAL OPPORTUNITIES AND ENHANCE ACADEMIC EXCELLENCE AT RIDGEWATER COLLEGE BY PROVIDING FINANCIAL AND COMMUNITY SUPPORT. THE FOUNDATION ACCOMPLISHES ITS MISSION THROUGH ITS ANNUAL AND CAPITAL FUNDRAISING CAMPAIGNS, WHICH RAISE FUNDS FOR SCHOLARSHIPS FOR STUDENTS, AND PROGRAM SUPPORT FOR COLLEGE DEPARTMENTS AND PROGRAMS.

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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 $1,547,256

Program Service Revenue $0

Investment Income $312,546

Other Revenue $0

TOTAL REVENUE $1,859,802

Expense Breakdown

Grants Paid $1,286,741

Salaries & Benefits $238,499

Fundraising Expenses $45,864

Program Expenses $1,286,741

Other Expenses $62,954

TOTAL EXPENSES $1,588,194

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,859,802	$2,719,233	-0.3%
Expenses	$1,588,194	$1,768,311	-0.1%
Net Income	$271,608	$950,922	-0.7%

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

$129,336

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY MAGNUSON	FOUNDATION M	10.00	Officer	$32,334	$0	$129,336
MANDY BALDRY	DIRECTOR	1.00	Director	$0	$0	$0
AMBER ERICKSON	DIRECTOR	1.00	Director	$0	$0	$0
BETH GASSER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
STU GIERE	TREASURER	1.00	Officer Director	$0	$0	$0
KRISTI HAEFNER	DIRECTOR	1.00	Director	$0	$0	$0
SHANE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
ERIKA KELLEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES MILLER	DIRECTOR	1.00	Director	$0	$0	$0
JOE NELSON	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE VALIANT	DIRECTOR	1.00	Director	$0	$0	$0
DR MIKE WILLIAMS	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	$1,859,802	$1,588,194	$4,382,479	$271,608
2023	$2,719,233	$1,768,311	$4,096,939	$950,922
2022	$1,475,691	$1,338,985	$2,924,847	$136,706
2021	$1,607,575	$1,463,822	$3,638,599	$143,753
2020	$1,489,330	$1,491,078	$2,775,136	$-1,748
2019	$1,236,792	$1,275,367	$2,753,465	$-38,575

RIDGEWATER COLLEGE FOUNDATION