MISSISSIPPI RIVER CITIES & TOWNS I… - Form 990 Financial Data

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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

2015

Legal Domicile

Principal Officer

COLIN WELLENKAMP

Phone

3146573863

Tax Period

2023-01-01 to 2023-12-31

MISSISSIPPI RIVER CITIES & TOWNS INITIATIVE, founded in 2015, is a small nonprofit in the Environment sector that reported $803K in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum.

Mission

TO CREATE AN INDEPENDENT VOICE FOR THE MISSISSIPPI RIVER DRAMATICALLY INCREASING DEMAND FOR EFFECTIVE RIVER PROTECTION, RESTORATION AND MANAGEMENT BY ADDRESSING WATER QUALITY, RIVER MANAGEMENT CONSERVATION AND SUSTAINABLE ECONOMIES AND CELEBRATE THE RIVERS CULTURE AND HISTORY.

Program Service Accomplishments

Program 1

Expenses: $747,814

MAYORS OF THE MISSISSIPPI RIVER CITIES & TOWNS (MRCTI) OUR ASSOCIATION OF UNITED STATES MAYORS ALONG THE ENTIRE LENGTH OF THE MISSISSIPPI RIVER IS UNIQUE IN THAT WE PUSH TO IMPROVE OUR WHOLE REGION, IN PART, BY BRINGING RESOURCES HOME TO OUR INDIVIDUAL CITIES. IN 2023 AND 2024, MRCTI AND PARTNERS HAVE SECURED $22 MILLION IN JOBS ACT AND IRA FUNDING BENEFITING 5 CITIES IN 3 STATES. ALSO, IN 2023, MRCTI COMPLETED THE FIRST-EVER SIGNED AGREEMENT BETWEEN THE CITIES OF THE MISSISSIPPI RIVER AND THE THREE FIRST NATIONS OF THE HEADWATERS REGION USHERING-IN A NEW PHASE OF COLLABORATION AND COOPERATION BETWEEN U.S. MAYORS AND NATIVE AMERICAN LEADERS OF MIDDLE AMERICA. MRCTI SIGNED A NEW AGREEMENT OF COLLABORATION AND COMMON PURPOSE WITH THE RIVER CITIES OF THE REPUBLIC OF INDIA. MRCTI MAYORS WORKED TO ELEVATE AND SUPPORT SENATOR JOHN BOOZMAN OF ARKANSAS BECOMING THE NEW CO-CHAIR OF THE MISSISSIPPI RIVER CAUCUS. FINALLY, MRCTI MAYORS UNANIMOUSLY VOTED TO PURSUE IN FORMAL ARRANGEMENT A MISSISSIPPI RIVER COMPACT THAT WILL PROTECT THE FRESH WATER RESOURCES OF THE MISSISSIPPI RIVER FOR GENERATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $800,471

Program Service Revenue $0

Investment Income $90

Other Revenue $1,964

TOTAL REVENUE $802,525

Expense Breakdown

Grants Paid $136,181

Salaries & Benefits $281,165

Fundraising Expenses $0

Program Expenses $747,814

Other Expenses $434,657

TOTAL EXPENSES $852,003

Year-over-Year Comparison

	2023	2022	Change
Revenue	$802,525	$501,193	+0.6%
Expenses	$852,003	$788,689	+0.1%
Net Income	$-49,478	$-287,496	-0.8%

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

Volunteers

115

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

$133,764

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL STANG	OFFICER	1.00	Director	$0	$0	$0
BRAD BARK	TREASURER	1.00	Director	$0	$0	$0
BELINDA CONSTANT	OFFICER	1.00	Director	$0	$0	$0
BUZ CRAFT	OFFICER	1.00	Director	$0	$0	$0
ERRICK SIMMONS	OFFICER	1.00	Director	$0	$0	$0
CLIFF BERRY	OFFICER	1.00	Director	$0	$0	$0
MITCH REYNOLDS	CO CHAIR	1.00	Director	$0	$0	$0
DAVID GOINS	OFFICER	1.00	Director	$0	$0	$0
GEORGE FLAGGS	CO CHAIR	1.00	Director	$0	$0	$0
MELISSA LOGAN	SECRETARY	1.00	Director	$0	$0	$0
JERRY KOCH	OFFICER	1.00	Director	$0	$0	$0
COLIN WELLENKAMP	EXECUTIVE DIRECTOR	40.00	Officer	$133,764	$0	$133,764

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
2024	No data	No data	No data	No data
2023	$802,525	$852,003	$719,785	$-49,478
2022	$501,193	$788,689	$745,240	$-287,496
2021	$575,654	$593,975	$1,020,241	$-18,321
2020	$557,195	$564,506	$1,038,562	$-7,311
2019	$708,262	$530,599	$1,010,273	$177,663
2018	$696,558	$441,277	$832,610	$255,281

MISSISSIPPI RIVER CITIES & TOWNS INITIATIVE