Nevada State Development Corporation (EIN 300402070) - 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

Principal Officer

Evan Dickson

Phone

7024736203

Tax Period

2024-10-01 to 2025-09-30

Nevada State Development Corporation, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $2.7M in total revenue in fiscal year 2024. Expenses of $2.4M left a modest 11% surplus.

Mission

Providing lending solutions and advocacy services to small businesses.

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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 $2,636,349

Investment Income $62,381

Other Revenue $0

TOTAL REVENUE $2,698,730

Expense Breakdown

Grants Paid $30,317

Salaries & Benefits $1,808,587

Fundraising Expenses $0

Program Expenses $2,005,937

Other Expenses $565,637

TOTAL EXPENSES $2,404,541

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,698,730	$2,545,595	+0.1%
Expenses	$2,404,541	$2,159,620	+0.1%
Net Income	$294,189	$385,975	-0.2%

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

$729,640

Total Directors

$258,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Evan Dickson	President	40.00	Officer Director	$228,394	$30,206	$258,600
Robert Francl	Board Chairman	1.00	Officer Director	$0	$0	$0
Kevin Sullivan	Director	1.00	Director	$0	$0	$0
Ken Tedford	Director	1.00	Director	$0	$0	$0
Bruce Ford	Director	1.00	Director	$0	$0	$0
Rod Jorgensen	Director	1.00	Director	$0	$0	$0
Anna Cavalieri	Director	1.00	Director	$0	$0	$0
Mary Kerner	Director	1.00	Director	$0	$0	$0
Lisa Chao	Director	1.00	Director	$0	$0	$0
Vivian Lara	Director	1.00	Director	$0	$0	$0
Leah Martin	Director	1.00	Director	$0	$0	$0
Matthew Wong	Director	1.00	Director	$0	$0	$0
Paola Gonzalez	EVP/COO	40.00	Officer	$196,032	$20,090	$216,122
Karen Szachara	Corporate Secretary	40.00	Officer	$139,158	$7,929	$147,087
Christie Wright	Vice President of Finance	40.00	Officer	$89,052	$18,779	$107,831

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	$2,698,730	$2,404,541	$3,680,475	$294,189
2024	$2,545,595	$2,159,620	$3,389,345	$385,975
2023	$2,522,961	$2,078,487	$2,982,609	$444,474
2022	$2,347,685	$2,001,208	$2,653,896	$346,477
2021	$1,752,210	$1,836,114	$2,571,893	$-83,904
2020	$1,834,684	$1,723,571	$2,296,339	$111,113
2019	$1,919,226	$1,646,715	$2,186,075	$272,511
2018	$1,979,362	$1,653,453	$2,186,761	$325,909

Nevada State Development Corporation