WEST RIVER FOUNDATION FOR ECONOMIC AND COMMUNITY DEVELOPMENT (EIN 460457322) - Form 990 Financial Analysis & Trantor Score

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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

2000

Legal Domicile

Principal Officer

RONALD ROSENBOOM

Phone

6053474467

Tax Period

2024-07-01 to 2025-06-30

WEST RIVER FOUNDATION FOR ECONOMIC AND COMMUNITY DEVELOPMENT, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $983K in total revenue in fiscal year 2017. Revenue decreased 15% compared to the prior year. Expenses of $840K left a modest 15% surplus.

Mission

TO RECRUIT BUSINESSES FROM OTHER STATES AND TO EXPAND IN-STATE BUSINESS INCLUDING ADMINISTERING AN ECONOMIC DEVELOPMENT AND RELENDING PROGRAM.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,395,165

Program Service Revenue $1,232,378

Investment Income $93,825

Other Revenue $56

TOTAL REVENUE $4,721,424

Expense Breakdown

Grants Paid $20,500

Salaries & Benefits $182,952

Fundraising Expenses $0

Other Expenses $1,487,890

TOTAL EXPENSES $1,691,342

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,721,424	$1,791,804	+1.6%
Expenses	$1,691,342	$930,370	+0.8%
Net Income	$3,030,082	$861,434	+2.5%

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

Governance

Voting Members

Independent Members

Employees

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

$132,609

Total Directors

$40,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD ANDERSEN	PRESIDENT	2.00	Officer Director	$4,000	$0	$8,000
TIM CRAWFORD	VICE PRESIDENT	2.00	Officer Director	$4,000	$0	$8,000
SHIRLEY HALVERSON	TREASURER	2.00	Officer Director	$4,000	$0	$8,000
WILLIAM TERMES	SECRETARY	2.00	Officer Director	$4,000	$0	$8,000
JAMES DOOLITTLE	DIRECTOR	2.00	Director	$4,000	$0	$8,000
RONALD ROSENBOOM	EXECUTIVE DIRECTOR	20.00	Officer	$50,600	$0	$100,609

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	$4,721,424	$1,691,342	$17,713,506	$3,030,082
2024	$1,791,804	$930,370	$14,994,827	$861,434
2023	$1,108,456	$922,205	$14,321,627	$186,251
2022	$1,281,942	$887,576	$14,301,798	$394,366
2021	$1,456,019	$829,123	$14,736,771	$626,896
2020	$1,016,538	$738,974	$14,027,655	$277,564
2019	$1,022,706	$650,991	$13,736,779	$371,715
2018	$982,984	$839,785	$13,326,544	$143,199

WEST RIVER FOUNDATION FOR ECONOMIC AND COMMUNITY DEVELOPMENT