KETTERING DEVELOPMENT CORPORATION (EIN 200724507) - 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

1999

Legal Domicile

Principal Officer

KATHY HOLLINGSWORTH

Phone

9372295400

Tax Period

2023-01-01 to 2023-12-31

KETTERING DEVELOPMENT CORPORATION, founded in 1999, is a micro nonprofit in the Community Improvement sector that reported $4K in total revenue in fiscal year 2023. Revenue surged 129% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2K, a strong 48% operating margin.

Mission

REDEVELOPMENT OF COMMERCIAL & RESIDENTIAL PROPERTIES IN THE CITY OF KETTERING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $3,903

Other Revenue $0

TOTAL REVENUE $3,903

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,042

TOTAL EXPENSES $2,042

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,903	$1,705	+1.3%
Expenses	$2,042	$2,905	-0.3%
Net Income	$1,861	$-1,200	-2.6%

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
KATHY HOLLINGSWORTH	CHAIRMAN	0.20	Officer Director	$0	$0	$0
PEGGY LEHNER	VICE CHAIRMAN	0.10	Officer Director	$0	$0	$0
BRUCE DUKE	TRUSTEE	0.10	Director	$0	$0	$0
TONY KLEPACZ	TRUSTEE	0.10	Director	$0	$0	$0
CAROL BEAUSAY	TRUSTEE	0.10	Director	$0	$0	$0
KEN LACKEY	TRUSTEE	0.10	Director	$0	$0	$0
ALBERT FULLENKAMP	TRUSTEE	0.10	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
2024	No data	No data	No data	No data
2023	$3,903	$2,042	$523,445	$1,861
2022	$1,705	$2,905	$521,584	$-1,200
2021	$370	$2,981	$522,784	$-2,611
2020	$1,288	$2,860	$525,395	$-1,572
2019	$2,627	$2,786	$526,967	$-159
2018	$277,103	$2,675	$527,126	$274,428

KETTERING DEVELOPMENT CORPORATION