GREATER HURON DEVELOPMENT CORPORATION AND SUBSIDIARIES (EIN 237069436) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1960

Legal Domicile

Principal Officer

TED HAEDER

Phone

6053520363

Tax Period

2025-01-01 to 2025-12-31

GREATER HURON DEVELOPMENT CORPORATION AND SUBSIDIARIES, founded in 1960, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2018. Revenue surged 223% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 58% operating margin.

Mission

TO ASSIST HURON BUSINESS EXPANSION

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $293,055

Program Service Revenue $213,715

Investment Income $190,640

Other Revenue $-16,617

TOTAL REVENUE $680,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $277,207

Fundraising Expenses $0

Program Expenses $744,026

Other Expenses $548,931

TOTAL EXPENSES $826,138

Year-over-Year Comparison

	2025	2024	Change
Revenue	$680,793	$541,102	+0.3%
Expenses	$826,138	$530,025	+0.6%
Net Income	$-145,345	$11,077	-14.1%

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

$136,304

Total Directors

$136,304

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TED HAEDER	PRESIDENT AN	40.00	Officer Director	$121,275	$15,029	$136,304
PEGGY BESCH	DIRECTOR	1.00	Director	$0	$0	$0
RICH BRAGG	CHAIR	1.00	Officer Director	$0	$0	$0
JEFF BURNS	DIRECTOR	1.00	Director	$0	$0	$0
DR ABIGAIL FAUL	DIRECTOR	1.00	Director	$0	$0	$0
CHAD FELDERMAN	DIRECTOR	1.00	Director	$0	$0	$0
TOM GLANZER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE GOHN	DIRECTOR	1.00	Director	$0	$0	$0
KLER HAE	DIRECTOR	1.00	Director	$0	$0	$0
ERIC JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN KLINE	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
ERICK LARSON	DIRECTOR	1.00	Director	$0	$0	$0
WHITNEY MCDONALD	DIRECTOR	1.00	Director	$0	$0	$0
BEN NELSON	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN STRICHERZ	VICE CHAIR	1.00	Officer 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	$680,793	$826,138	$14,278,320	$-145,345
2024	No data	No data	No data	No data
2023	$931,900	$1,064,808	$15,581,695	$-132,908
2022	$647,544	$704,664	$14,803,173	$-57,120
2021	$460,012	$711,463	$12,597,470	$-251,451
2020	$2,506,573	$496,224	$13,003,375	$2,010,349
2019	$4,723,958	$6,341,877	$11,376,406	$-1,617,919
2018	$3,865,151	$1,625,718	$39,511,760	$2,239,433

GREATER HURON DEVELOPMENT CORPORATION AND SUBSIDIARIES