CAPITAL REGIONAL DEVELOPMENT COUNCIL (EIN 020455162) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1954

Legal Domicile

Principal Officer

DAVID PETERSON

Phone

6034961875

Tax Period

2024-10-01 to 2025-09-30

CAPITAL REGIONAL DEVELOPMENT COUNCIL, founded in 1954, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $202K, a strong 17% operating margin.

Mission

TO PROVIDE ECONOMIC DEVELOPMENT SERVICES IN THE STATE OF NEW HAMPSHIRE.

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Trantor Score

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

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $41,222

Program Service Revenue $1,050,820

Investment Income $75,554

Other Revenue $500

TOTAL REVENUE $1,168,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $731,238

Fundraising Expenses $0

Program Expenses $606,153

Other Expenses $234,666

TOTAL EXPENSES $965,904

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,168,096	$1,068,226	+0.1%
Expenses	$965,904	$963,121	+0.0%
Net Income	$202,192	$105,105	+0.9%

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

Volunteers

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

$225,260

Total Directors

Key Employees

$203,260

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID PETERSON	VICE PRESIDENT (INCOMING PRESIDENT)	2.00	Officer Director	$0	$0	$0
JAMES GOODHUE	DIRECTOR	2.00	Director	$0	$0	$0
JAMES LYNCH	DIRECTOR	2.00	Director	$0	$0	$0
JANET ACKERMAN	DIRECTOR	2.00	Director	$0	$0	$0
JOE CONWAY	TREASURER	2.00	Officer Director	$0	$0	$0
RYAN AUDLEY	PRESIDENT (OUTGOING)	2.00	Officer Director	$0	$0	$0
THOMAS SULLIVAN	SECRETARY	2.00	Officer Director	$0	$0	$0
LYNDSEE PASKALIS	DIRECTOR	2.00	Director	$0	$0	$0
MATT WALSH	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN A HEAVENER	EXECUTIVE VICE PRESIDENT	40.00	Officer	$205,760	$19,500	$225,260
JENNIFER BOULANGER	SENIOR LOAN OFFICER	40.00	Key Emp	$183,760	$19,500	$203,260
CHARLES GILBOY	LOAN OFFICER	40.00	Highest	$116,261	$3,488	$119,749

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	$1,168,096	$965,904	$14,035,891	$202,192
2025	$1,168,096	$965,904	$14,035,891	$202,192
2024	$1,068,226	$963,121	$14,334,114	$105,105
2023	$1,009,695	$921,465	$14,908,735	$88,230
2022	$977,983	$926,983	$14,984,194	$51,000
2021	$1,082,974	$825,271	$15,306,748	$257,703
2020	$1,464,309	$852,141	$14,703,785	$612,168
2019	$894,079	$803,770	$13,546,732	$90,309
2018	$882,006	$879,691	$13,340,614	$2,315

CAPITAL REGIONAL DEVELOPMENT COUNCIL