LIDGERWOOD PROGRESSIVE DEVELOPMENT CORPO (EIN 300374630) - 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

2006

Legal Domicile

Phone

7012427292

Tax Period

2024-07-01 to 2025-06-30

LIDGERWOOD PROGRESSIVE DEVELOPMENT CORPO, founded in 2006, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $359K in total revenue in fiscal year 2024. Net assets of $1.0M represent 35 months of operating reserves.

Mission

THE LIDGERWOOD PROGRESSIVE DEVELOPMENT CORPORATION (LPDC) WILL IMPROVE THE ECONOMY, QUALITY OF LIFE, HEALTH AND SAFETY, AND THE NATURAL RESOURCES OF THE COMMUNITY OF LIDGERWOOD AND THE SURROUNDING RURAL AREA BY PLANNING AND IMPLEMENTING PROJECTS THAT WILL BENEFIT THE PUBLIC.

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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 $28,602

Program Service Revenue $0

Investment Income $0

Other Revenue $330,267

TOTAL REVENUE $358,869

Expense Breakdown

Grants Paid $0

Salaries & Benefits $199,738

Fundraising Expenses $0

Program Expenses $353,778

Other Expenses $158,375

TOTAL EXPENSES $358,113

Year-over-Year Comparison

	2024	2023	Change
Revenue	$358,869	$333,890	+0.1%
Expenses	$358,113	$351,734	+0.0%
Net Income	$756	$-17,844	-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

N/A

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
BRIAN BALDWIN	President	1.00	Director	$0	$0	$0
DEB FOERTSCH	Vice President	1.00	Director	$0	$0	$0
DARBY HARLES	Secretary	1.00	Director	$0	$0	$0
DAWN NISSEN	Director	1.00	Director	$0	$0	$0
JIM HOLMLY	Director	1.00	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
2025	$358,869	$358,113	$1,174,474	$756
2024	$333,890	$351,734	$1,224,068	$-17,844
2023	$374,565	$343,497	$1,324,870	$31,068
2022	$446,381	$303,443	$1,407,925	$142,938
2021	$698,491	$101,674	$1,290,656	$596,817

LIDGERWOOD PROGRESSIVE DEVELOPMENT CORPO