INDUSTRIAL DEVELOPMENT CORPORATION… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1959

Legal Domicile

Principal Officer

Gwen B Gadbois

Phone

2073244280

Tax Period

2024-01-01 to 2024-12-31

INDUSTRIAL DEVELOPMENT CORPORATION OF SANFORD, founded in 1959, is a small nonprofit in the Community Improvement sector that reported $139K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $99K, a strong 71% operating margin.

Mission

Development Corporation which has developed and manages a business park in Sanford. Works to recruite new companies to located in the business park.

Program Service Accomplishments

Program 1

Expenses: $32,963

Grants funded the Sanford Regional Growth Council, Program Service Expenses maintained the business park.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $31,988

Investment Income $106,766

Other Revenue $0

TOTAL REVENUE $138,754

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $32,963

Other Expenses $15,233

TOTAL EXPENSES $40,233

Year-over-Year Comparison

	2024	2023	Change
Revenue	$138,754	$102,452	+0.4%
Expenses	$40,233	$37,485	+0.1%
Net Income	$98,521	$64,967	+0.5%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
Robert I Hardison	Director	N/A	Director	$0	$0	$0
Ted Hissong	Director	N/A	Director	$0	$0	$0
Gordon Collins	Director	N/A	Director	$0	$0	$0
David Jagger	Director	N/A	Director	$0	$0	$0
Michael Ralston	Director	N/A	Director	$0	$0	$0
Alex Shain	Director	N/A	Director	$0	$0	$0
Gwen Bedell Gadbois	Treasurer	004.00	Officer	$0	$0	$0
Edward J Titcomb	Secretary	001.00	Officer	$0	$0	$0
Allison Navia	Vice President	002.00	Officer	$0	$0	$0
David Nickerson	President	004.00	Officer	$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
2024	$138,754	$40,233	$5,251,629	$98,521
2023	$102,452	$37,485	$4,625,739	$64,967
2022	$100,870	$31,810	$4,325,911	$69,060
2021	$97,729	$34,148	$4,575,365	$63,581
2020	$95,007	$38,466	$3,779,168	$56,541
2019	$91,431	$42,002	$3,592,023	$49,429

INDUSTRIAL DEVELOPMENT CORPORATION OF SANFORD