WF Events Inc

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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

2016

Legal Domicile

Principal Officer

Mike Amundson

Phone

7015321793

Tax Period

2024-01-01 to 2024-12-31

WF Events Inc, founded in 2016, is a community nonprofit in the Youth Development sector that reported $2.5M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $2.4M left a modest 6% surplus.

Mission

Provision of services to the City of West Fargo, North Dakota, its school district and park district to promote the quality of life and events for its citizens and children.

Program Service Accomplishments

Program 1

Expenses: $387,043 Revenue: $372,950

The organization promotes and assists in the management of the West Fargo Sports Arena. WFE rents out facility space to teams and groups within the West Fargo and surrounding communities on behalf of...

Program 2

Expenses: $361,792 Revenue: $111,031

Stage West is a community theatre project began by West Fargo Events in summer 2021. We give local artists an opportunity to perform, and our community has a chance to engage in entertainment and...

Stage West is a community theatre project began by West Fargo Events in summer 2021. We give local artists an opportunity to perform, and our community has a chance to engage in entertainment and hands on activity surrounding the arts and culture scene. These events take place at locations all over our community.

Program 3

Expenses: $1,237,708 Revenue: $615,766

The organization creates, organizes, promotes, and implements public events for all ages in the surrounding communities of West Fargo. The organization utilizes 2 different City owned plazas...

The organization creates, organizes, promotes, and implements public events for all ages in the surrounding communities of West Fargo. The organization utilizes 2 different City owned plazas. Examples of events include Cruise Night, Summer Concert Series, Movie Nights, Treat Street (Halloween event) and our annual community celebration WestFest. In 2024, the organization hosted 244 events.

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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 $408,156

Program Service Revenue $1,122,272

Investment Income $21,216

Other Revenue $977,946

TOTAL REVENUE $2,529,590

Expense Breakdown

Grants Paid $24,613

Salaries & Benefits $1,142,961

Fundraising Expenses $0

Program Expenses $2,136,087

Other Expenses $1,200,974

TOTAL EXPENSES $2,368,548

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,529,590	$2,261,883	+0.1%
Expenses	$2,368,548	$2,287,083	+0.0%
Net Income	$161,042	$-25,200	-7.4%

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

187

Volunteers

250

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

$213,608

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Simmons	President	0.30	Officer Director	$0	$0	$0
Dan Schaeffer	Vice President	0.30	Officer Director	$0	$0	$0
Todd Berning	Treasurer (Until 5/16/24)	0.30	Officer Director	$0	$0	$0
Eddie Sheeley-Member At-Large	(Until 10/15)/Treasurer(Beg 10/16/24)	0.30	Officer Director	$0	$0	$0
Bernie Dardis	City Commission	0.30	Director	$0	$0	$0
Jim Jonas	School Board Member	0.30	Director	$0	$0	$0
Jake Lauritsen-Park	Board Member (Until 6/30/24)	0.30	Director	$0	$0	$0
Ryan Gellner-Park Board	Member/Member At-Large	0.30	Director	$0	$0	$0
Jon Hanson	Member At-Large	0.30	Director	$0	$0	$0
Chris Heise	Park Board Member (Until 7/1/24)	0.30	Director	$0	$0	$0
Mike Amundson	Executive Director/Secretary	40.00	Officer	$182,358	$31,250	$213,608

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	$2,529,590	$2,368,548	$1,234,344	$161,042
2023	$2,261,883	$2,287,083	$1,015,192	$-25,200
2022	$1,879,872	$1,642,813	$917,532	$237,059
2021	$1,763,569	$1,508,212	$855,559	$255,357
2020	$1,054,234	$957,102	$866,897	$97,132
2019	$469,587	$431,706	$63,577	$37,881