NEW ROCKFORD AREA BETTERMENT CORP

EIN: 450418280 501(c)(3)

NEW ROCKFORD, ND

Total Revenue
$190,214
Total Expenses
$174,790
Total Assets
$1,750,858
Net Assets
$1,230,631
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
ND
Principal Officer
STUART RICHTER
Phone
7019472205
Tax Period
2024-01-01 to 2024-12-31

NEW ROCKFORD AREA BETTERMENT CORP, founded in 1990, is a small nonprofit that reported $190K in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $175K left a modest 8% surplus.

Mission

TO PROVIDE THE PEOPLE OF NEW ROCKFORD AND SURROUNDING AREAS - PROGRAMS, EVENTS, PROJECTS AND FACILITIES THAT WILL INCREASE THE HEALTH AND WELL BEING OF BOTH THE COMMUNITY AND THE RESIDENTS THAT LIVE THERE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $162,353
Program Service Revenue $9,200
Investment Income $18,661
Other Revenue $0
TOTAL REVENUE $190,214

Expense Breakdown

Grants Paid $0
Salaries & Benefits $87,385
Fundraising Expenses $0
Program Expenses $174,790
Other Expenses $87,405
TOTAL EXPENSES $174,790

Year-over-Year Comparison

2024 2023 Change
Revenue $190,214 $465,085 -0.6%
Expenses $174,790 $177,967 0.0%
Net Income $15,424 $287,118 -0.9%
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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Governance

Voting Members
9
Independent Members
9
Employees
2
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
5
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KERRI ALLMARAS SECRETARY 1.00
Officer Director
$0 $0 $0
JIM BELQUIST TREASURER 10.00
Officer Director
$0 $0 $0
AMY ELLINGSON DIRECTOR 1.00
Director
$0 $0 $0
JACKIE ENGELS DIRECTOR 1.00
Director
$0 $0 $0
AMANDA HEGLAND EXECUTIVE DI 1.00
Officer Director
$0 $0 $0
MELINDA MARTIN DIRECTOR 1.00
Director
$0 $0 $0
STUART RICHTER PRESIDENT 1.00
Officer Director
$0 $0 $0
DYLAN ROSSOW DIRECTOR 1.00
Director
$0 $0 $0
KENNETH THOMPSON DIRECTOR 1.00
Director
$0 $0 $0
MIKE YRI VICE PRESIDE 1.00
Officer Director
$0 $0 $0
CHELSEY ZELTINGER 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 $190,214 $174,790 $1,750,858 $15,424
2023 $465,085 $177,967 $1,685,382 $287,118
2022 $162,138 $198,739 $1,282,473 $-36,601
2021 $330,689 $172,484 $1,262,415 $158,205
2020 $108,503 $99,622 $923,019 $8,881
2019 $120,833 $105,410 $859,574 $15,423
2018 $245,274 $168,248 $824,618 $77,026
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