WHEAT RIDGE 2020 INC (EIN 562550132) - 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

2005

Legal Domicile

Principal Officer

DAVID KUETER

Phone

7202591030

Tax Period

2024-01-01 to 2024-12-31

WHEAT RIDGE 2020 INC, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $678K in total revenue in fiscal year 2024. Revenue surged 75% from the prior year, signaling strong growth momentum. Expenses of $897K exceeded revenue, resulting in a 32% operating deficit.

Mission

WHEAT RIDGE 2020, INC. DBA LOCALWORKS ADVANCES WHEAT RIDGE, COLORADO, AS A VIBRANT AND SUSTAINABLE COMMUNITY. LOCALWORKS FOCUSES ON PROVIDING PROGRAMS AND RESOURCES THAT ENHANCE ECONOMIC DEVELOPMENT, NEIGHBORHOOD REVITALIZATION, CIVIC ENGAGEMENT AND ARTS AND CULTURE.

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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 $587,384

Program Service Revenue $60,224

Investment Income $33,930

Other Revenue $-3,805

TOTAL REVENUE $677,733

Expense Breakdown

Grants Paid $24,749

Salaries & Benefits $325,957

Fundraising Expenses $19,273

Program Expenses $666,434

Other Expenses $546,131

TOTAL EXPENSES $896,837

Year-over-Year Comparison

	2024	2023	Change
Revenue	$677,733	$388,221	+0.7%
Expenses	$896,837	$520,302	+0.7%
Net Income	$-219,104	$-132,081	+0.7%

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

200

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

$106,904

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAIGE PIPER	EXECUTIVE DIRECTOR	40.00	Officer	$102,178	$4,726	$106,904
DARIN HAMMERSCHMIDT	BOARD MEMBER	0.25	Director	$0	$0	$0
CHERYL BLUM GARCIA	BOARD MEMBER	0.25	Director	$0	$0	$0
ROSS CARPENTER	BOARD MEMBER	0.25	Director	$0	$0	$0
MIKE HEYER	BOARD MEMBER	0.25	Director	$0	$0	$0
DAN GRAEVE	BOARD MEMBER	0.25	Director	$0	$0	$0
STEPHANIE TAYLOR	BOARD MEMBER	0.25	Director	$0	$0	$0
TERRY WOMBLE	BOARD MEMBER	0.25	Director	$0	$0	$0
ERIC MARTINEZ	BOARD MEMBER	0.25	Director	$0	$0	$0
TADD OVERSTREET	BOARD MEMBER	0.25	Director	$0	$0	$0
MELISSA SCOFIELD	BOARD MEMBER	0.25	Director	$0	$0	$0
JEREMY LAUFER	PRESIDENT	0.75	Officer Director	$0	$0	$0
DAVID KUETER	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
JILL GASSEN	TREASURER	0.50	Officer Director	$0	$0	$0
NICOLE KOSTELECKY	SECRETARY	0.50	Officer 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
2024	$677,733	$896,837	$1,965,695	$-219,104
2023	$388,221	$520,302	$2,173,577	$-132,081
2022	$511,850	$457,341	$1,726,064	$54,509
2021	$517,831	$452,305	$1,700,928	$65,526
2020	$499,304	$527,612	$1,644,120	$-28,308
2019	$605,071	$696,901	$1,672,277	$-91,830
2018	$995,291	$676,184	$1,764,855	$319,107

WHEAT RIDGE 2020 INC