COUNTY CORP DEVELOPMENT

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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

1981

Legal Domicile

Principal Officer

STEPHEN NAAS

Phone

9372256328

Tax Period

2022-10-01 to 2023-09-30

COUNTY CORP DEVELOPMENT, founded in 1981, is a micro nonprofit that reported $28K in total revenue in fiscal year 2022. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $56K exceeded revenue, resulting in a 98% operating deficit.

Mission

TO PROVIDE FINANCING TO SMALL BUSINESSES FOR THEIR GROWTH AND DEVELOPMENT THROUGHOUT OHIO. CCD PRIMARILY SERVES MONTGOMERY, GREENE, MIAMI, CLARK, SHELBY, DARKE, CHAMPAIGN, PREBLE, WARREN AND BUTLER COUNTIES. CCD ALSO SERVES SIX COUNTIES IN INDIANA: WAYNE, RANDOLPH, JAY, UNION, FAYETTE AND FRANKLIN. CCD'S GOAL IS TO CREATE AND RETAIN JOBS IN THESE SERVICE AREAS.

Program Service Accomplishments

Program 1

Expenses: $12,875 Revenue: $4,407

OPERATED THE SBA 504 LOAN PROGRAM IN THE STATE OF OHIO. PROCESSED, APPROVED AND CLOSED LOANS AND PROVIDED SERVICING ON LOAN PORTFOLIO OF 60 LOANS. THE ORGANIZATION CONTRACTED ITS 504 SERVICING...

OPERATED THE SBA 504 LOAN PROGRAM IN THE STATE OF OHIO. PROCESSED, APPROVED AND CLOSED LOANS AND PROVIDED SERVICING ON LOAN PORTFOLIO OF 60 LOANS. THE ORGANIZATION CONTRACTED ITS 504 SERVICING FUNCTIONS TO ANOTHER ORGANIZATION TO ADMINISTER THE PORTFOLIO IN JUNE 2021 CONTINUING UNTIL OCTOBER 30, 2022 WHEREIN THE ORGANIZATION VOLUNTARILY WITHDREW AS A 504 CERTIFIED LENDER AND THE SBA 504 LOAN PORTFOLIO WAS TRANSFERRED BY THE SBA TO THE SERVICING ORGANIZATION.

Program 2

Expenses: $35,007 Revenue: $23,055

OPERATED 2 CDBG LOAN PROGRAMS IN MONTGOMERY COUNTY (OUTSIDE THE CITY OF DAYTON) INVOLVING THE PROCESSING, APPROVAL, CLOSING AND SERVICING OF THESE LOAN PORTFOLIOS. PORTFOLIO OF 15 LOANS. APPROVED 0...

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $20,647

Investment Income $533

Other Revenue $6,815

TOTAL REVENUE $27,995

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $47,882

Other Expenses $55,515

TOTAL EXPENSES $55,515

Year-over-Year Comparison

	2022	2021	Change
Revenue	$27,995	$91,994	-0.7%
Expenses	$55,515	$106,174	-0.5%
Net Income	$-27,520	$-14,180	+0.9%

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

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
JAMES DANDO	TRUSTEE	2.00	Director	$0	$0	$0
DAVID DICKERSON	TRUSTEE	2.00	Director	$0	$0	$0
JAMES HILL	TRUSTEE	2.00	Director	$0	$0	$0
NEAL RATLIFF	IMM PAST CHAIR (OCT-JUN); TRUSTEE (JUN-SEP)	2.00	Director	$0	$0	$0
KRISTEN SPENCELEY	TRUSTEE	2.00	Director	$0	$0	$0
ERIC CLUXTON	VICE CHAIR (OCT-JUN); CHAIR (JUN-SEP)	2.00	Officer Director	$0	$0	$0
CLINTON MORTON	SECRETARY	2.00	Officer Director	$0	$0	$0
HEATHER CORBIN	TREASURER	2.00	Officer Director	$0	$0	$0
DANIEL DAVIS	CHAIR (OCT-JUN); IMM PAST CHAIR (JUN-SEP)	2.00	Officer Director	$0	$0	$0
STEPHEN NAAS	PRESIDENT/ASST. SECRETARY	3.00	Officer	$0	$0	$0
ELIZABETH BRUNE	ASSISTANT TREASURER (JUN-SEP)	1.00	Officer	$0	$0	$0
TRACY SCHULTZ	ASSISTANT TREASURER	1.00	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
2023	$27,995	$55,515	No data	$-27,520
2022	$91,994	$106,174	$5,660,471	$-14,180
2021	$182,694	$264,751	$5,777,042	$-82,057
2020	$338,431	$277,786	$5,801,809	$60,645
2019	$222,012	$358,346	$5,720,029	$-136,334
2018	$231,874	$417,407	$5,812,184	$-185,533