Wabash River Enhancement Corporatio Attn Stanton Lambert

Nonprofit profile at a glance

EIN
201337591
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Lafayette, IN, USA
Phone
7654208505
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Natural Resources Conservation and Protection

Reported finances

Revenue
$4,116,004
Expenses
$2,176,894
Assets
$12,225,754
Liabilities
$215,106

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • TONY ROSWARSKI (PRESIDENT)

Highest reported compensation

  • STANTON LAMBERT (EXECUTIVE DI): $90,648 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To improve the quality of life in the wabash river corridor by providing sustainable opportunities to improve health, recreation, education, economic development, and environmental management.

What it reported doing in 2024

In 2024, wrec continued to advance its mission to enhance the wabash river corridor as follows: -wrec completed implementation of a 570k follow up (342k/epa funds and 228k in local match: in-kind/funds) -wrec continued to partner with the greater lafayette readi region in the state of Indiana's regional economic acceleration, and development initiative (readi), a regional economic development program (5.55m in readi funding for the regional wabash river greenway with funds to be allocated to each county for its wrg project). The overall wrg readi funds will be matched locally by approximately 16.9m. The tippecanoe county readi project will construct the north river road (nrr) trail head project which consists of the wl sagamore parkway connector trail (soldiers home rd - west landing of the sagamore parkway vehicular bridge protected bike lane), a nrr trail head parking lot and connector trail from the parking lot to the wl connector trail; a connector trail on the lafayette side of the river connecting from the east landing of the sagamore parkway vehicular bridge protected bike lane down to the existing wabash river heritage trail; and a canoe/kayak put-in/take-out facility on nrr. The tc readi project was allocated 2.925m of readi funds and was matched with 13.3m of the overall local match funding. -wrec continued its partnership with the city of lafayette to complete the 2.7m in dept of natural resouces next level trails grant project to construct the lafayette sagamore parkway connector trail. The city of lafayette seved as the local grantee for the project. The project connects to the tippecanoe county readi project. The project was completed with the trail opening on october 29, 2024. -wrec received a 464,500 contribution from tippecanoe county to fund row engineering and services for continuing its north river road (nrr)row acquisition program in support of the upcoming wrg trail project along nrr. -wrec continued its education and outreach efforts hosting the communityy's popular wabash riverfest community festival, leading a green tour to highlight green infrastructure funded through wrec's watershed cost share program, leading bi-annual watershed water samplingblitz events, and partnering with community organizations to hold bi-annual de-trash the wabash cleanup events and invasive plant management workdays.

Operating model

Revenue model
Grant-funded. 76% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 96% 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 total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 94
  • Accountability: 84
  • Sustainability: 85
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 50.9%; rating input score 51
  • Program expense ratio: 95.5%; rating input score 96
  • Fundraising efficiency: $305.17 raised per $1 spent on fundraising; rating input score 94; 94th percentile among comparable filings

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: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 47.1%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 5.62; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 82; 82nd percentile among comparable filings
  • Officer compensation ratio: 4.2%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: 5.3% per year; rating input score 100; 42nd percentile among comparable filings
  • Revenue growth: 7.3% per year; rating input score 100; 56th percentile among comparable filings
  • Asset growth: 13.2% per year; rating input score 100; 69th percentile among comparable filings

Details

  • Where the money goes: 50.9% of revenue deployed · 95.5% of spending went to programs
  • Governance: 10 of 10 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.1M in reported program spending
  • Leadership: top reported pay $91K · 11 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 51/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.