FOUNDATION FOR THE AMERICAN WEST (EIN 870550116) - 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

Principal Officer

JAY A RIGGS

Phone

8012217923

Tax Period

2023-07-01 to 2024-06-30

FOUNDATION FOR THE AMERICAN WEST is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 5201% from the prior year, signaling strong growth momentum. The organization ran a surplus of $638K, a strong 23% operating margin.

Mission

THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PUPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SPECIFIC PURPOSES AND OBJECTIVES OF THE CORPORATION SHALL INCLUDE BUT NOT BE LIMITED TO THE RECEIPT OF GIFTS, GRANTS, BEQUESTS AND DEVICES, THE MANAGEMENT AND INVESTMENT OF FUNDS, AND THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

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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 $2,718,582

Program Service Revenue $0

Investment Income $22,181

Other Revenue $0

TOTAL REVENUE $2,740,763

Expense Breakdown

Grants Paid $2,094,150

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,094,202

Other Expenses $8,865

TOTAL EXPENSES $2,103,015

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,740,763	$51,703	+52.0%
Expenses	$2,103,015	$162,621	+11.9%
Net Income	$637,748	$-110,918	-6.7%

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

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
JOSEPH W RIGGS	PRESIDENT	N/A	Officer	$0	$0	$0
CRAIG L RIGGS	TRUSTEE / SE	N/A	Officer	$0	$0	$0
JAY A RIGGS	TRUSTEE	N/A	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	$2,740,763	$2,103,015	$1,350,106	$637,748
2023	$51,703	$162,621	$687,048	$-110,918
2022	$180,973	$238,989	$755,778	$-58,016
2021	$67,772	$90,342	$890,072	$-22,570
2020	$15,781	$167,210	$766,713	$-151,429
2019	$54,707	$197,002	$931,643	$-142,295
2018	$76,520	$137,414	$1,144,386	$-60,894

FOUNDATION FOR THE AMERICAN WEST