Town Center Inc (EIN 273061255) - 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

2010

Legal Domicile

Principal Officer

Dana Schollfoerm

Phone

5077368405

Tax Period

2024-01-01 to 2024-12-31

Town Center Inc, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $748K in total revenue in fiscal year 2024. Expenses of $717K left a modest 4% surplus.

Mission

To sustain, stimulate, and revitalize economic development and services for the residents of Trimont, Minnesota and the surrounding area.

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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 $0

Program Service Revenue $461,993

Investment Income $0

Other Revenue $286,507

TOTAL REVENUE $748,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $144,311

Fundraising Expenses $0

Program Expenses $717,079

Other Expenses $572,768

TOTAL EXPENSES $717,079

Year-over-Year Comparison

	2024	2023	Change
Revenue	$748,500	$749,850	0.0%
Expenses	$717,079	$809,501	-0.1%
Net Income	$31,421	$-59,651	-1.5%

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

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
Gerald McGee	Vice President	1.00	Officer Director	$0	$0	$0
Trace Tumbleson	Director	1.00	Director	$0	$0	$0
Cory Sin	Director	1.00	Director	$0	$0	$0
Dana Scholl	President	1.00	Officer Director	$0	$0	$0
Bradley Krusemark	Director	1.00	Director	$0	$0	$0
David Faber	Director	1.00	Director	$0	$0	$0
Stacy Ebeling	Director	0.00	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	$748,500	$717,079	$515,923	$31,421
2023	$749,850	$809,501	$489,659	$-59,651
2022	$742,500	$664,169	$503,224	$78,331
2021	$745,087	$878,714	$2,186,989	$-133,627
2020	$749,143	$783,791	$2,340,939	$-34,648
2020	$829,527	$864,175	$2,340,939	$-34,648
2019	$1,885,756	$2,052,312	$2,460,363	$-166,556
2018	$1,768,262	$1,987,040	$2,637,608	$-218,778

Town Center Inc