Riverbend Center for Entrepreneurial Facilitation Inc

Nonprofit profile at a glance

EIN
411879417
IRS 990-EZ coverage
2011–2020
Forms available
Form 990-EZ 2020
Location
Mankato, MN, USA
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Economic Development

Reported finances

Revenue
$186,365
Expenses
$202,939
Assets
$18,987
Liabilities
$8,148

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

7 people listed

People named in this filing

  • JIM PETTERSEN (Director)
  • KIP BRUENDER (Chairman)
  • BRYAN STADING (Executive Direc)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote economic and community revitalization by providing a management assistance program free and confidential.

What it reported doing in 2020

To promote economic and community revitalization by providing a management assistance program of one to one guidance, information, referral and management advice.these services are free and confidential.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 12
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -8.9%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 0.09; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 0.43; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 34%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: 4.8% per year; rating input score 100; 54th percentile among comparable filings
  • Revenue growth: 3.1% per year; rating input score 100; 46th percentile among comparable filings
  • Asset growth: -15.7% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $203K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 9 filing years from 2011 to 2020
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 13/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 14/100.
  • High — Sustainability: Liabilities to assets ratio scored 16/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.