ROCKWOOD RESIDENTS' FOUNDATION

EIN: 911472275 501(c)(3) Human Services

SPOKANE, WA

Total Revenue
$1,415,471
Total Expenses
$488,313
Total Assets
$13,103,033
Net Assets
$12,492,887
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
WA
Principal Officer
JAMES MAXWELL
Phone
5095366650
Tax Period
2024-06-01 to 2025-05-31

ROCKWOOD RESIDENTS' FOUNDATION, founded in 1990, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $927K, a strong 66% operating margin.

Mission

TO ASSIST ROCKWOOD RETIREMENT COMMUNITIES IN CARRYING OUT ITS MISSION - TO PROVIDE HOUSING AND SERVICES FOR SENIORS WITH A COMMITMENT TO EXCELLENCE IN PROMOTING INDEPENDENCE, WELLNESS AND LIFELONG VITALITY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $805,071
Program Service Revenue $0
Investment Income $454,840
Other Revenue $155,560
TOTAL REVENUE $1,415,471

Expense Breakdown

Grants Paid $451,363
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $451,363
Other Expenses $36,950
TOTAL EXPENSES $488,313

Year-over-Year Comparison

2024 2023 Change
Revenue $1,415,471 $1,225,505 +0.2%
Expenses $488,313 $576,450 -0.2%
Net Income $927,158 $649,055 +0.4%
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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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
13

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
4
$679,879
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES MAXWELL CEO 4.00
Officer
$0 $38,835 $457,595
CHARLES WELLS CFO 6.00
Officer
$0 $17,912 $222,284
PATTY CONATY CHAIR 1.00
Officer Director
$0 $0 $0
DEBBIE TAKAMI VICE CHAIR 1.00
Officer Director
$0 $0 $0
RICK BOUTZ TRUSTEE 1.00
Director
$0 $0 $0
CHARLENE CLARK TRUSTEE 1.00
Director
$0 $0 $0
KARIN BROCKSBANK TRUSTEE 1.00
Director
$0 $0 $0
HAL HUNT TRUSTEE 1.00
Director
$0 $0 $0
PETER JOSS TRUSTEE 1.00
Director
$0 $0 $0
DIANE KELLY TRUSTEE 1.00
Director
$0 $0 $0
STEVE KOEHLER TRUSTEE 1.00
Director
$0 $0 $0
CHRISTI SMITH TRUSTEE 1.00
Director
$0 $0 $0
LOIS THOMASON TRUSTEE 1.00
Director
$0 $0 $0
RAYE WENTWORTH TRUSTEE 1.00
Director
$0 $0 $0
JUDI YOUNG TRUSTEE 1.00
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 $1,415,471 $488,313 $13,103,033 $927,158
2024 $1,225,505 $576,450 $11,266,408 $649,055
2023 $1,080,834 $659,368 $9,419,389 $421,466
2022 $1,713,785 $496,688 $9,211,984 $1,217,097
2021 $1,819,828 $309,263 $9,047,696 $1,510,565
2020 $693,932 $374,711 $7,073,918 $319,221
2019 $536,164 $288,265 $6,462,414 $247,899
2018 $574,647 $297,347 $6,286,089 $277,300
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