51
West Central Initiative
Community Development · Fergus Falls, Minnesota
1000 Western Ave, Fergus Falls, MN 56537-4805
EIN: 363453471· Founded: Aug 1986· 40 years active· Filing Year: 2024
Annual Revenue
$9.8M
Total Expenses
$12.1M
Total Assets
$88.8M
Program Spending
5%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$220K
1.8% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$1.8M
Total Payroll
$2.0M
17% of total expenses
Where the Money Goes
5%
Programs: 5%
Payroll: 17%
Other overhead: 95%
Program Revenue$658K (7%)
Total Expenses$12.1M (100%)
Payroll$2.0M (17%)
Overhead (non-program)95%
Trust Score Breakdown
Program Spending Ratio
5% of expenses go to programs
Revenue & Stability
$9.8M annual revenue
Executive Compensation
$220K total officer comp (1.8% of expenses)
Filing Recency
Most recent filing: 2024
Asset Strength
$88.8M in assets
Data from IRS Form 990 filing (2024). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.