DEVELOPMENT CORPORATION OF AUSTIN (EIN 237276266) - 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

1986

Legal Domicile

Principal Officer

JOHN GARRY

Phone

5074339495

Tax Period

2024-01-01 to 2024-12-31

DEVELOPMENT CORPORATION OF AUSTIN, founded in 1986, is a small nonprofit that reported $577K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Net assets of $1.5M represent 31 months of operating reserves.

Mission

SUPPORT NEW/EXISTING INDUSTRIAL/COMMERCIAL ENTERPRISES FOR THE BETTERMENT OF MOWER COUNTY

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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 $132,581

Program Service Revenue $428,267

Investment Income $16,484

Other Revenue $0

TOTAL REVENUE $577,332

Expense Breakdown

Grants Paid $0

Salaries & Benefits $236,879

Fundraising Expenses $0

Other Expenses $342,416

TOTAL EXPENSES $579,295

Year-over-Year Comparison

	2024	2023	Change
Revenue	$577,332	$507,725	+0.1%
Expenses	$579,295	$559,275	+0.0%
Net Income	$-1,963	$-51,550	-1.0%

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

$135,310

Total Directors

$135,310

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN GARRY	EXEC. DIRECTOR	30.00	Officer Director	$131,369	$3,941	$135,310
SCOTT FOX	CHAIR	4.00	Officer Director	$0	$0	$0
NAN HANEGRAFF	VICE CHAIR	3.00	Officer Director	$0	$0	$0
TAGGERT MEDGAARDEN	TREASURER	3.00	Officer Director	$0	$0	$0
JOHN HERNANDEZ	SECRETARY	3.00	Officer Director	$0	$0	$0
BETSY MOREM	DIRECTOR	1.00	Director	$0	$0	$0
BRAD FJELSTA	DIRECTOR	1.00	Director	$0	$0	$0
CARTER WAGNER	DIRECTOR	1.00	Director	$0	$0	$0
CHAD SAYLES	DIRECTOR	3.00	Director	$0	$0	$0
DAVID CLASEN	DIRECTOR	1.00	Director	$0	$0	$0
GAIL DENNISON	DIRECTOR	1.00	Director	$0	$0	$0
GEOFF BAKER	DIRECTOR	1.00	Director	$0	$0	$0
GEOFF SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JASON BASKIN	DIRECTOR	1.00	Director	$0	$0	$0
JIM KRUEGER	DIRECTOR	1.00	Director	$0	$0	$0
JOE BOWER	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN AKKERMAN	DIRECTOR	1.00	Director	$0	$0	$0
DR KAT LINAKER	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
LANCE POGONES	DIRECTOR	1.00	Director	$0	$0	$0
MARK NIBAUR	DIRECTOR	1.00	Director	$0	$0	$0
MIKE POSTMA	DIRECTOR	1.00	Director	$0	$0	$0
MIKE TAPP	DIRECTOR	1.00	Director	$0	$0	$0
NATE JANSEN	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN ANNIS	DIRECTOR	1.00	Director	$0	$0	$0
TANYA MEDGAARDEN	DIRECTOR	1.00	Director	$0	$0	$0
PATTY TEWES	DIRECTOR	1.00	Director	$0	$0	$0
STEVE HOVEY	DIRECTOR	3.00	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
2024	$577,332	$579,295	$4,729,717	$-1,963
2023	$507,725	$559,275	$4,988,067	$-51,550
2022	$505,143	$434,896	$5,288,985	$70,247
2021	$390,369	$365,791	$3,827,061	$24,578
2020	$438,202	$392,892	$2,687,696	$45,310
2019	$432,207	$444,237	$2,748,438	$-12,030
2018	$478,588	$473,836	$2,852,563	$4,752

DEVELOPMENT CORPORATION OF AUSTIN