DEVELOP IOSCO INCORPORATED (EIN 261827631) - 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

2007

Principal Officer

SCOTT PETERS

Tax Period

2025-01-01 to 2025-12-31

DEVELOP IOSCO INCORPORATED, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $132K in total revenue in fiscal year 2025. Revenue fell 53% from the prior year — a significant decline worth monitoring.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT IN IOSCO COUNTY, MICHIGAN.

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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 (2025)

Revenue Breakdown

Contributions & Grants $123,330

Program Service Revenue $8,405

Investment Income $296

Other Revenue $0

TOTAL REVENUE $132,031

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $129,388

Other Expenses $131,565

TOTAL EXPENSES $131,565

Year-over-Year Comparison

	2025	2024	Change
Revenue	$132,031	$282,995	-0.5%
Expenses	$131,565	$317,946	-0.6%
Net Income	$466	$-34,951	-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

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
GLORIA BROOKS	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES CAIN	BOARD MEMBER	2.00	Director	$0	$0	$0
SARAH COFFIN	BOARD MEMBER	2.00	Director	$0	$0	$0
STEPHANIE DILLON	BOARD MEMBER	2.00	Director	$0	$0	$0
SAMANTHA DUVALL	BOARD MEMBER	2.00	Director	$0	$0	$0
NANCY HOWSE	BOARD MEMBER	2.00	Director	$0	$0	$0
PAM O'LAUGHLIN	BOARD MEMBER	2.00	Director	$0	$0	$0
JENNIFER RIGGS	EXECUTIVE DI	40.00	Director	$0	$0	$0
RICH CASTLE	PRESIDENT	3.00	Officer	$0	$0	$0
FRANCES OMMANI	BOARD MEMBER	3.00	Officer	$0	$0	$0
SCOTT PETERS	TREASURER	8.00	Officer	$0	$0	$0
CHRISTINE YOUNG	SECRETARY	3.00	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
2025	$132,031	$131,565	$43,312	$466
2024	No data	No data	No data	No data
2023	$250,926	$186,083	$77,797	$64,843

DEVELOP IOSCO INCORPORATED