FRIENDS OF ROCK VALLEY (EIN 421501059) - 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

1999

Legal Domicile

Principal Officer

GREG WESTRA

Phone

7124701112

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF ROCK VALLEY, founded in 1999, is a community nonprofit in the Community Improvement sector that reported $5.6M in total revenue in fiscal year 2024. Revenue surged 776% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.8M, a strong 67% operating margin.

Mission

A COMMUNITY TRUST TO RECEIVE CONTRIBUTIONS TO PROMOTE COMMUNITY PROJECTS AND PERFORM OTHER CHARITABLE FUNCTIONS FOR THE BENEFIT OF THE RESIDENTS OF ROCK VALLEY, IA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,580,036

Program Service Revenue $0

Investment Income $22,670

Other Revenue $0

TOTAL REVENUE $5,602,706

Expense Breakdown

Grants Paid $1,846,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,850,351

Other Expenses $4,301

TOTAL EXPENSES $1,850,801

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,602,706	$639,427	+7.8%
Expenses	$1,850,801	$671	+2757.3%
Net Income	$3,751,905	$638,756	+4.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY DE JAGER	DIRECTOR	1.00	Director	$0	$0	$0
MARIA MAXWELL	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY NIBBELINK	DIRECTOR	1.00	Director	$0	$0	$0
BONNIE DE RUYTER	DIRECTOR	1.00	Director	$0	$0	$0
MARK ZOMER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MILLER	SECRETARY NO	1.00	Officer	$0	$0	$0
GREG WESTRA	TREASURER	1.00	Officer	$0	$0	$0
NOAH DE YAGER	PRESIDENT	1.00	Officer	$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	$5,602,706	$1,850,801	$4,198,957	$3,751,905
2023	$639,427	$671	$447,052	$638,756
2022	$347,059	$196	$898,296	$346,863
2021	$986,334	$605,077	$553,933	$381,257
2020	$173,512	$39,506	$682,916	$134,006
2019	$6,508	$45,388	$517,374	$-38,880
2018	$7,534	$9,110	$513,376	$-1,576

FRIENDS OF ROCK VALLEY