WESTERN RIVERS FORESTRY

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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

2013

Legal Domicile

Principal Officer

NELSON MATHEWS

Phone

5032410151

Tax Period

2024-10-01 to 2025-08-18

WESTERN RIVERS FORESTRY, founded in 2013, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $22.6M exceeded revenue, resulting in a 734% operating deficit.

Mission

TO SUPPORT THE CONSERVATION AND CHARITABLE PURPOSES OF WESTERN RIVERS CONSERVANCY, ENGAGE IN CONSERVATION FORESTRY AND TO CARRY ON OTHER CHARITABLE AND EDUCATIONAL ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $22,566,121 Revenue: $2,481,009

WESTERN RIVERS FORESTRY ("WRF") WAS INCORPORATED IN OCTOBER OF 2013 TO PROVIDE SUPPORT FOR THE CONSERVATION AND CHARITABLE PURPOSES OF WESTERN RIVERS CONSERVANCY ("WRC"), ITS SUPPORTED ORGANIZATION. WRF IS A NONPROFIT CORPORATION ORGANIZED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA AND MANAGED BY A VOLUNTEER BOARD OF DIRECTORS. WESTERN RIVERS FORESTRY HAS TWO SEPARATE PORTIONS OF BUSINESS KNOWN AS "WRF 1 AND "WRF 2". WRF MAINTAINS SEPARATE BOOKS AND RECORDS FOR EACH PORTION OF BUSINESS.ON OCTOBER 1, 2024, THE BOARD OF DIRECTORS APPROVED A PLAN OF DISSOLUTION OF WRF. CONTINUED ON SCHEDULE O.IN MAY 2025, WRF TRANSFERRED ITS LAND HOLDINGS ON THE KLAMATH RIVER TO THE YUROK TRIBE TO CONTINUE ITS CONSERVATION EFFORTS. ON AUGUST 18, 2025, WRF FILED ITS NONPROFIT CERTIFICATE OF ELECTION TO WIND UP AND DISSOLVE WITH THE CALIFORNIA OF SECRETARY OF STATE. THE FINAL STEP TO COMPLETE THE DISSOLUTION PROCESS IS FOR WRF TO FILE A CERTIFICATE OF DISSOLUTION WITH THE CALIFORNIA SECRETARY OF STATE, WHICH WRF PLANS TO DO AS SOON AS THE CALIFORNIA ATTORNEY GENERAL PROVIDES NECESSARY AUTHORIZATION TO DO SO.

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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 $225,677

Program Service Revenue $0

Investment Income $0

Other Revenue $2,481,009

TOTAL REVENUE $2,706,686

Expense Breakdown

Grants Paid $22,496,134

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,566,121

Other Expenses $81,735

TOTAL EXPENSES $22,577,869

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,706,686	$3,156,180	-0.1%
Expenses	$22,577,869	$3,225,455	+6.0%
Net Income	$-19,871,183	$-69,275	+285.8%

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

$811,464

Total Directors

$288,491

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NELSON MATHEWS	PRESIDENT	1.50	Officer Director	$0	$48,198	$288,491
BILL BROWN	DIRECTOR	1.00	Director	$0	$0	$0
JIM SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MIK MCKEE	VICE PRESIDENT	3.00	Officer	$0	$39,098	$152,250
JULIA TURRINI	SECRETARY	1.00	Officer	$0	$15,286	$165,933
JULIETTE HARDING	TREASURER	3.00	Officer	$0	$39,083	$204,790

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	$2,706,686	$22,577,869	No data	$-19,871,183
2024	No data	No data	No data	No data
2023	$330,485	$2,383,703	$21,268,090	$-2,053,218
2022	$14,485,130	$661,127	$23,321,308	$13,824,003
2021	$13,743,350	$2,078,233	$21,712,714	$11,665,117
2020	$1,907,641	$2,149,800	$21,718,082	$-242,159
2019	$1,236,865	$1,479,163	$21,935,346	$-242,298
2018	$2,917,153	$3,159,042	$22,152,750	$-241,889