ResourceWest

EIN: 411975357 501(c)(3) Education

Minnetonka, MN

Total Revenue
$501,509
Total Expenses
$534,425
Total Assets
$504,085
Net Assets
$468,021
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
MN
Principal Officer
Sara Chovan
Phone
9529333860
Tax Period
2023-07-01 to 2024-06-30

ResourceWest, founded in 2000, is a small nonprofit in the Education sector that reported $502K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring.

Mission

ResourceWest supports individuals and families in the West Metro through collaborative programs and connections to resources as they move toward greater stability.

Program Service Accomplishments

Program 1
Expenses: $402,603 Revenue: $0

ResourceWest is a non-profit community agency that serves families and individuals in the Twin Cities West Metro community. We support people as they become more connected, resourceful, and hopeful...

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ResourceWest is a non-profit community agency that serves families and individuals in the Twin Cities West Metro community. We support people as they become more connected, resourceful, and hopeful about their future. From crisis to action to hope, ResourceWest's services stabilize families and ultimately help build healthier communities one neighbor at a time.ResourceWest's mission is to support individuals and families in the West Metro through collaborative programs and connections to resources as they move toward greater stability. (Continued on Schedule O)ResourceWest advances this mission through two core initiatives: Social Services Programs 624 households served * Case Management: Case managers support community members as they work toward greater stability. * Emergency Assistance: ResourceWest provides one-time emergency assistance grants related to transportation challenges, childcare, and employment. * Childcare and Academic Assistance Program: ResourceWest provides financial assistance for 50% of tuition costs for childcare and tutoring to qualifying families. * Information and Referral Service: Case managers answer questions and offer referrals to other agencies that assist with food, clothing, housing, healthcare, employment, and more. Children and Youth Programs 3,285 children served Back-to-School Program o Families Participating 444o Children Receiving Supplies 1,120 Winter Warm Wear Program o Families Participating 312o Children Receiving Winter Warm Wear 1,014 Toy Chest Program o Families Participating 378o Children Receiving Gifts 1,151

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $501,076
Program Service Revenue $0
Investment Income $8,943
Other Revenue $-8,510
TOTAL REVENUE $501,509

Expense Breakdown

Grants Paid $211,827
Salaries & Benefits $266,970
Fundraising Expenses $55,057
Program Expenses $402,603
Other Expenses $55,628
TOTAL EXPENSES $534,425

Year-over-Year Comparison

2023 2022 Change
Revenue $501,509 $655,200 -0.2%
Expenses $534,425 $594,464 -0.1%
Net Income $-32,916 $60,736 -1.5%
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

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Governance

Voting Members
11
Independent Members
11
Employees
5
Volunteers
150

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
4
$81,739
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dan O'Reilly President 5.00
Officer Director
$0 $0 $0
Sara Chovan Vice President 2.00
Officer Director
$0 $0 $0
Calli Seeman Treasurer 2.00
Officer Director
$0 $0 $0
Joelle Hoeft Director 2.00
Director
$0 $0 $0
Jane Kuhn Director 2.00
Director
$0 $0 $0
Chantele Burgess Director 2.00
Director
$0 $0 $0
Dirk Koenig Director 2.00
Director
$0 $0 $0
Shannon Anderson Director 2.00
Director
$0 $0 $0
Kaylen Broms Director 2.00
Director
$0 $0 $0
Rebekah Hanson Director 2.00
Director
$0 $0 $0
Daniel Douglass Director (Apr-Jun) 2.00
Director
$0 $0 $0
Tracie Stanton Executive Director 45.00
Officer
$79,610 $2,129 $81,739
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 $501,509 $534,425 $504,085 $-32,916
2023 $655,200 $594,464 $525,232 $60,736
2022 $540,601 $496,295 $454,095 $44,306
2021 $602,028 $465,164 $448,014 $136,864
2020 $464,202 $418,575 $315,264 $45,627
2019 $445,628 $417,433 $256,676 $28,195
2018 $519,348 $482,555 $199,280 $36,793
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