Springfield Regional Development Corp (EIN 030333399) - 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

1992

Legal Domicile

Principal Officer

Doug Gurney

Phone

8028853061

Tax Period

2024-07-01 to 2025-06-30

Springfield Regional Development Corp, founded in 1992, is a community nonprofit in the Community Improvement sector that reported $3.3M in total revenue in fiscal year 2024. Revenue surged 541% from the prior year, signaling strong growth momentum.

Mission

Regional Development Center To coordinate public and private efforts to bring new jobs and industry to the region; to rehabilitate former manufacturing facilities and put

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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 $2,579,096

Program Service Revenue $43,916

Investment Income $27,332

Other Revenue $620,488

TOTAL REVENUE $3,270,832

Expense Breakdown

Grants Paid $0

Salaries & Benefits $387,249

Fundraising Expenses $0

Other Expenses $2,853,459

TOTAL EXPENSES $3,240,708

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,270,832	$510,661	+5.4%
Expenses	$3,240,708	$446,087	+6.3%
Net Income	$30,124	$64,574	-0.5%

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

Total Directors

Key Employees

$102,846

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Doug Gurney	President	0.00	Officer Director	$0	$0	$0
Patti Putnam	Vice President	0.00	Officer Director	$0	$0	$0
Dale Williamson	Director	0.00	Director	$0	$0	$0
Robert Flint	Executive Director	40.00	Key Emp	$98,074	$4,772	$102,846
Nathaniel Cobb	Secretary/Treasurer	0.00	Officer Director	$0	$0	$0
Arianna Robinson	Director	0.00	Director	$0	$0	$0
Gene Birmingham	Director	0.00	Director	$0	$0	$0
Brian Hernon	Director	0.00	Director	$0	$0	$0
Jeff Perkins	Director	0.00	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	$3,270,832	$3,240,708	$3,079,608	$30,124
2024	$510,661	$446,087	$3,702,964	$64,574
2023	$441,877	$385,178	$3,543,377	$56,699
2022	$1,257,207	$957,948	$3,571,752	$299,259
2021	$449,301	$445,053	$4,069,277	$4,248
2020	$422,293	$503,419	$3,854,506	$-81,126

Springfield Regional Development Corp