INLAND DEVELOPMENT CORPORATION (EIN 201024004) - 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

2004

Legal Domicile

Principal Officer

JILL PARKER

Phone

5413790594

Tax Period

2023-01-01 to 2023-12-31

INLAND DEVELOPMENT CORPORATION, founded in 2004, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $18.9M in total revenue in fiscal year 2023. Revenue surged 592% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16.7M, a strong 88% operating margin.

Mission

TO PROVIDE ADVANCED BROADBAND FACILITIES AND SERVICES OVER A FIBER OPTIC NETWORK TO AREAS LACKING IN SERVICES ALTOGETHER OR AT RATES THAT ARE COST PROHIBITIVE.

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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 $18,885,197

Investment Income $43,986

Other Revenue $0

TOTAL REVENUE $18,929,183

Expense Breakdown

Grants Paid $38,250

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,731,576

Other Expenses $2,170,835

TOTAL EXPENSES $2,209,085

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,929,183	$2,736,472	+5.9%
Expenses	$2,209,085	$2,663,412	-0.2%
Net Income	$16,720,098	$73,060	+227.9%

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

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
JILL PARKER	PRESIDENT	2.00	Officer Director	$0	$0	$0
RICH DEVIN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JERRY HEALY	DIRECTOR	2.00	Director	$0	$0	$0
MARVIN PADBERG	DIRECTOR	2.00	Director	$0	$0	$0
BLAKE LAWRENCE	CEO/GENERAL MANAGER	20.00	Officer	$0	$0	$0
BRUCE MUNRO	CTO	10.00	Officer	$0	$0	$0
LYNN RODRIGUEZ	CFO	10.00	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	No data	No data	No data	No data
2023	$18,929,183	$2,209,085	$28,541,425	$16,720,098
2022	$2,736,472	$2,663,412	$11,814,749	$73,060
2021	$2,300,003	$1,748,869	$11,852,572	$551,134
2020	$2,444,761	$2,746,479	$11,034,011	$-301,718
2019	$2,765,621	$1,883,705	$11,293,096	$881,916
2018	$1,872,119	$1,626,873	$10,391,097	$245,246
2018	$1,872,119	$2,176,587	$9,841,383	$-304,468

INLAND DEVELOPMENT CORPORATION