RIDGWAY AREA INDUSTRIAL DEVELOPMENT INC (EIN 474600595) - Form 990 Financial Analysis & Trantor Score

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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

Tax Period

2024-01-01 to 2024-12-31

RIDGWAY AREA INDUSTRIAL DEVELOPMENT INC, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $885K in total revenue in fiscal year 2024. Revenue surged 1744% from the prior year, signaling strong growth momentum. The organization ran a surplus of $802K, a strong 91% operating margin.

Mission

TO PROMOTE THE ECONOMIC AND GENERAL WELFARE OF THE AREA WITHIN THE RIDGWAY VICINITY BY FINANCIAL SUPPORT, AID AND CHARITABLE CONTRIBUTIONS.

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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 $0

Program Service Revenue $111,565

Investment Income $773,686

Other Revenue $0

TOTAL REVENUE $885,251

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $83,457

Other Expenses $80,957

TOTAL EXPENSES $83,457

Year-over-Year Comparison

	2024	2023	Change
Revenue	$885,251	$47,999	+17.4%
Expenses	$83,457	$132,615	-0.4%
Net Income	$801,794	$-84,616	-10.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
STEVE CLEVELAND	President	Officer Director	$0	$0	$0
MICHAEL DEPANFILIS	Trustee	Director	$0	$0	$0
BEN BRAZINSKI	Treasurer	Officer Director	$0	$0	$0
MIKE AIELLO	Trustee	Director	$0	$0	$0
MICHELLE BOGACKI	Trustee	Director	$0	$0	$0
JANE BRYNDEL	Secretary	Officer Director	$0	$0	$0
TOM BUCK	Trustee	Director	$0	$0	$0
JEFF MARZELLA	Vice President	Officer Director	$0	$0	$0
STEVE BRAZINSKI	Trustee	Director	$0	$0	$0
DAVE PONTZER	Trustee	Director	$0	$0	$0
DEBRA PONTZER	Trustee	Director	$0	$0	$0
STEVE MARTIN	Trustee	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	$885,251	$83,457	$1,294,625	$801,794
2023	$47,999	$132,615	$734,025	$-84,616
2022	$160,713	$141,577	$1,176,020	$19,136
2021	$216,678	$145,070	$1,229,998	$71,608
2020	$151,562	$132,856	$1,093,339	$18,706
2019	$547,062	$156,293	$1,106,749	$390,769
2018	$137,078	$85,405	$590,984	$51,673

RIDGWAY AREA INDUSTRIAL DEVELOPMENT INC