SOUTH PARK DEVELOPMENT CORPORATION (EIN 010424895) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Principal Officer

CARL SHELINE

Phone

2077842951

Tax Period

2024-07-01 to 2025-06-30

SOUTH PARK DEVELOPMENT CORPORATION is a tax-exempt nonprofit with EIN 010424895, based in LEWISTON, ME. The organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $67,475 in total revenue and $41,084 in total expenses, with net assets of $1,580,298.

Mission

BUSINESS DEVELOPMENT - WE CONTINUE TO SEE ACTIVITY IN BUSINESS EXPANSION, AS REFLECTED ON OUR RETURN. THIS IS CREATING EMPLOYMENT OPPORTUNITIES AND INCREASED TAX BASE. THESE ARE THE OBJECTS OF OUR PROGRAMS. A POPULATION OF ABOUT 60,000 IN THE LEWISTON AND SURROUNDING AREA BENEFIT FROM OUR EFFORTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $27,150

Other Revenue $40,325

TOTAL REVENUE $67,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $41,084

TOTAL EXPENSES $41,084

Year-over-Year Comparison

	2024	2023	Change
Revenue	$67,475	$35,497	+0.9%
Expenses	$41,084	$44,137	-0.1%
Net Income	$26,391	$-8,640	-4.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN KAENRATH	VICE PRES./D	N/A	Officer Director	$0	$0	$0
RALPH LENFESTEY	TREASURER	N/A	Officer Director	$0	$0	$0
NATHAN LIBBY	SECRETARY/DI	N/A	Officer Director	$0	$0	$0
TRACY ROY	DIRECTOR	N/A	Director	$0	$0	$0
CARL SHELINE	PRESIDENT/DI	N/A	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$67,475	$41,084	$1,580,298	$26,391
2024	$35,497	$44,137	$1,553,907	$-8,640
2023	$59,257	$44,388	$1,562,547	$14,869
2022	$52,143	$43,120	$1,547,678	$9,023
2021	$45,313	$45,616	$1,541,535	$-303
2020	$51,577	$43,878	$1,538,957	$7,699
2019	$51,709	$44,427	$1,531,257	$7,282

SOUTH PARK DEVELOPMENT CORPORATION