WESTERN RESOURCES FOR INDEPEND

EIN: 460401091 501(c)(3) Human Services

RAPID CITY, SD

Total Revenue
$691,844
Total Expenses
$666,910
Total Assets
$46,837
Net Assets
$7,437
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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
SD
Principal Officer
CODI ERICKSON
Phone
6057181930
Tax Period
2024-06-01 to 2025-05-31

WESTERN RESOURCES FOR INDEPENDENT LIVING, founded in 1989, is a small nonprofit in the Human Services sector that reported $793K in total revenue in fiscal year 2017. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $929K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO ADVOCATE DISABLED INDIVIDUAL

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $691,812
Program Service Revenue $0
Investment Income $32
Other Revenue $0
TOTAL REVENUE $691,844

Expense Breakdown

Grants Paid $0
Salaries & Benefits $251,975
Fundraising Expenses $0
Other Expenses $414,935
TOTAL EXPENSES $666,910

Year-over-Year Comparison

2024 2023 Change
Revenue $691,844 $670,584 +0.0%
Expenses $666,910 $638,116 +0.0%
Net Income $24,934 $32,468 -0.2%
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
3
Independent Members
N/A
Employees
12
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
3
$0
Total Directors
0
$0
Key Employees
1
$75,613
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARGOT BURTON PRESIDENT 1
Officer
$0 $0 $0
ALLEN ADEL TREASURER 1
Officer
$0 $0 $0
SANDRA MAGNAVI SECRETARY 1
Officer
$0 $0 $0
CODI ERICKSON DIRECTOR 40
Key Emp
$75,613 $0 $75,613
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 $691,844 $666,910 $46,837 $24,934
2024 $670,584 $638,116 $68,475 $32,468
2023 $561,341 $613,274 $48,478 $-51,933
2022 $386,804 $322,564 $77,502 $64,240
2021 $427,746 $510,321 $66,726 $-82,575
2018 $792,662 $928,607 $215,451 $-135,945
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