Riverbend Stadium Authority Inc

Nonprofit profile at a glance

EIN
843281289
IRS 990 coverage
2020–2025
Forms available
Form 990 2025
Location
Beloit, WI, USA
Phone
6083682260
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Community Recreational Centers

Reported finances

Revenue
$922,343
Expenses
$1,264,426
Assets
$35,651,317
Liabilities
$3,854,282

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • BRENT FOX (CHAIRMAN, PRESIDENT)

People named in this filing

  • BRENT FOX (CHAIRMAN, PRESIDENT)
  • KEITH ROZOLIS (VP, SECRETARY, DIRECTOR)
  • DENNIS CONERTON (VP, TREASURER, DIRECTOR)

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

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To undertake charitable and educational activities and in particular to lessen the burdens of government, promote economic development in depressed or declining areas, avoid urban blight and promote educational and cultural programs within such areas within the meaning of section 501(c)(3) of the internal revenue code of 1986, as amended (or the corresponding provision of any future united states internal revenue law) and subject to and within the limits of such purposes, to own and operate a multi-purpose facility that will be available to be used for, among other activities, minor league baseball and community and youth athletic, educational and cultural events.

What it reported doing in 2025

Rsa performs various programs in conjunction with lessening the burdens a multi-purpose facility and making it available for use by various community organizations. In 2025, the stadium was used by approximately 100,000 persons. The events held at the stadium included minor league baseball games, local high school sporting events, local college sporting events, holiday light show, cpr classes and numerous other community events.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 92
  • Accountability: 66
  • Sustainability: 43
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 94.5%; rating input score 95
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 83.3%; rating input score 83; 22nd percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -37.1%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 28.2; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 34; 34th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: 20.9% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: -63.5% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: 9.9% per year; rating input score 100; 55th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 94.5% of spending went to programs
  • Governance: 5 of 6 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $1.2M in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 19 of 19 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 5 filing years from 2020 to 2025
  • 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.

  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 34/100.