OCDC INC (EIN 203965962) - 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

2005

Legal Domicile

Principal Officer

DAVE HUGHES

Phone

7127372030

Tax Period

2024-01-01 to 2024-12-31

OCDC INC, founded in 2005, is a community nonprofit in the Community Improvement sector that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 132% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 48% operating margin.

Mission

TO CREATE THE NECESSARY ECONOMIC PILLARS TO SUPPORT AND SUSTAIN THE COMMUNITY'S FUTURE GROWTH AND DEVELOPMENT. IMPROVEMENTS AND EXPANSION OF THE COMMUNITY'S QUALITY OF LIFE AMENITIES, TAX BASE FOR PUBLIC SERVICES AND THE NECESSARY MIX OF COMMERCIAL GOODS AND SERVICES WILL SERVE AS ITS FOCUS. BY TARGETING NEW BUSINESS START-UPS WITH LOCAL OWNERSHIP AND THE EXPANSION OF EXISTING BUSINESSES, THE CREATION OF NEW CAREER AND JOB OPPORTUNITIES WILL MATERIALIZE TO ATTRACT NEW FAMILIES AND FUTURE POPULATION GROWTH.

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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 $216,119

Program Service Revenue $2,299,368

Investment Income $74,502

Other Revenue $36,331

TOTAL REVENUE $2,626,320

Expense Breakdown

Grants Paid $23,558

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,350,462

Other Expenses $1,332,899

TOTAL EXPENSES $1,356,457

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,626,320	$1,131,878	+1.3%
Expenses	$1,356,457	$861,430	+0.6%
Net Income	$1,269,863	$270,448	+3.7%

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
DARYL BELTMAN	PRESIDENT	0.25	Officer Director	$0	$0	$0
LYLE KORVER	VICE PRESIDE	0.25	Officer Director	$0	$0	$0
DAVE HUGHES	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
BRADLEY K DE JONG	BOARD MEMBER	0.25	Director	$0	$0	$0
MARTY GUTHMILLER	BOARD MEMBER	0.25	Director	$0	$0	$0
JO VAN GORP	BOARD MEMBER	0.25	Director	$0	$0	$0
STEVE ROESNER	BOARD MEMBER	0.25	Director	$0	$0	$0
WADE HOFLAND	BOARD MEMBER	0.25	Director	$0	$0	$0
SETH HULST	BOARD MEMBER	0.25	Director	$0	$0	$0
MIKE MULDER	BOARD MEMBER	0.25	Director	$0	$0	$0
GREG CHRISTY	BOARD MEMBER	0.25	Director	$0	$0	$0
RUSS ADAMS	BOARD MEMBER	0.25	Director	$0	$0	$0
JOHN HELLER	BOARD MEMBER	0.25	Director	$0	$0	$0
DARON DE JONG	BOARD MEMBER	0.25	Director	$0	$0	$0
BRANDON WOUDSTRA	BOARD MEMBER	0.25	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	$2,626,320	$1,356,457	$11,714,681	$1,269,863
2023	$1,131,878	$861,430	$11,844,713	$270,448
2022	$1,405,437	$860,417	$11,225,515	$545,020
2021	$1,328,566	$769,369	$11,104,202	$559,197
2020	$877,772	$719,492	$9,133,592	$158,280
2019	$676,059	$776,155	$9,203,902	$-100,096
2018	$657,167	$747,069	$8,689,468	$-89,902

OCDC INC