WRIGHT COUNTY REGIONAL INSPECTION … - 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

2018

Legal Domicile

Principal Officer

CHRIS HECTOR

Phone

9522398103

Tax Period

2020-01-01 to 2020-12-31

WRIGHT COUNTY REGIONAL INSPECTION COALITION, founded in 2018, is a micro nonprofit that reported $31K in total revenue in fiscal year 2020. Revenue fell 113% from the prior year — a significant decline worth monitoring.

Mission

THE MISSION IS TO DEVELOP A REGIONAL INSPECTION AND DECONTAMINATION OF WATER RELATED EQUIPMENT TO PREVENT THE INTRODUCTION OF AQUATIC INVASIVE SPECIES INTO MINNESOTA LAKES.

Program Service Accomplishments

Program 1

Expenses: $1,500

WE DEMONSTRATED THAT USING A REGIONAL INSPECTION STATION AS OPPOSED TO MANNING AN INSPECTION SITE AT EACH INDIVIDUAL LAKE LANDING THE COVERAGE IS VASTLY INCREASED WITH A JUST A SLIGHT INCREASE IN...

WE DEMONSTRATED THAT USING A REGIONAL INSPECTION STATION AS OPPOSED TO MANNING AN INSPECTION SITE AT EACH INDIVIDUAL LAKE LANDING THE COVERAGE IS VASTLY INCREASED WITH A JUST A SLIGHT INCREASE IN COST.

Program 2

Expenses: $76,431

REFUND OF UNUSED GRANTS FROM PRIOR YEARS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $-31,541

Other Revenue $114

TOTAL REVENUE $-31,427

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,931

Other Expenses $80,575

TOTAL EXPENSES $80,575

Year-over-Year Comparison

	2020	2019	Change
Revenue	$-31,427	$239,402	-1.1%
Expenses	$80,575	$127,400	-0.4%
Net Income	$-112,002	$112,002	-2.0%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
BLAINE BARKLEY	VICE PRESIDE	N/A	Officer	$0	$0	$0
DOUG FLATZ	TREASURER	N/A	Officer	$0	$0	$0
CHRIS HECTOR	PRESIDENT	N/A	Officer	$0	$0	$0
KATHY JONSRUD	SECRETARY	N/A	Officer	$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
2020	$-31,427	$80,575	No data	$-112,002
2019	$239,402	$127,400	$112,002	$112,002

WRIGHT COUNTY REGIONAL INSPECTION COALITION