West River Foundation for Economic and Community Development

Nonprofit profile at a glance

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

6 people listed

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

To recruit businesses from other states and to expand in-state business including administering an economic development and relending program.

To administer an economic development and relending program.

Revenue model: Grant-funded. 72% of the money available for current operations came from government grants.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 90%; rating input score 90; 4th percentile among comparable filings
Pay-setting controls: Limited
Foreign activity oversight: Limited
Grant itemization coverage: 73.2%; rating input score 73; 19th percentile among comparable filings
Major donor itemization: Yes; rating input score 100
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass

Operating margin: 64.2%; rating input score 95; 95th percentile among comparable filings
Total-asset coverage ratio: 10.47; rating input score 91; 91st percentile among comparable filings
Liabilities to assets ratio: 0.54; rating input score 19; 19th percentile among comparable filings
Officer compensation ratio: 4.2%; rating input score 60; 60th percentile among comparable filings

Program expense growth: -6.5% per year; rating input score 0; 4th percentile among comparable filings
Revenue growth: 10.8% per year; rating input score 100; 71st percentile among comparable filings
Asset growth: 2.8% per year; rating input score 100; 23rd percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 5 of 5 board members independent · 7 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $101K · 6 people listed
Highest-paid contractors: 1 contractor listed · $240K reported
Consistency: 12 of 13 current checks pass · 1 finding to review
Schedules: 5 filed schedules · includes major donors and grants
Filing history: 15 filing years from 2009 to 2024
Contacts: How to reach this organization
Money network: 7 filed money-flow records
Related organizations: 2 filed related-organization links
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.

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

High — Growth: Program expense growth scored 0/100.
Review — Accountability: Governance controls: 2 of 9 not reported.
Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
High — Sustainability: Liabilities to assets ratio scored 19/100.