DEVELOPMENT PROJECTS INC (EIN 311425883) - 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

1995

Legal Domicile

Principal Officer

DAVID HARRISON

Phone

9372224422

Tax Period

2023-01-01 to 2023-12-31

DEVELOPMENT PROJECTS INC, founded in 1995, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum.

Mission

TO RETAIN, EXPAND AND RECRUIT JOBS IN THE DAYTON REGION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,390,414

Program Service Revenue $0

Investment Income $6,328

Other Revenue $0

TOTAL REVENUE $4,396,742

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $4,348,167

TOTAL EXPENSES $4,348,167

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,396,742	$2,918,793	+0.5%
Expenses	$4,348,167	$2,903,696	+0.5%
Net Income	$48,575	$15,097	+2.2%

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

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

$693,862

Total Directors

$402,135

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFERY C HOAGLAND	PRESIDENT & CEO	1.00	Officer Director	$0	$44,158	$402,135
DAN CURRAN	TRUSTEE	1.00	Director	$0	$0	$0
JESSE LIGHTLE	TRUSTEE (JAN-DEC)	1.00	Director	$0	$0	$0
ERIN ROLFES	TRUSTEE	1.00	Director	$0	$0	$0
MARK WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
JOHN LANDESS	CHAIR	1.00	Officer Director	$0	$0	$0
DAVID R HARRISON	CFO	1.00	Officer	$0	$35,629	$291,727
MICHAEL D GESSEL	VP - FEDERAL GOV'T PROGRAM	1.00	Highest	$0	$22,816	$276,061
JULIE SULLIVAN	EVP - REGIONAL DEVELOPMENT	1.00	Highest	$0	$37,357	$251,391
ELAINE BRYANT	EVP - AEROSPACE AND DEFENS	1.00	Highest	$0	$13,514	$248,614
DAVID BURROWS	EVP - ENGAGEMENT & BUSINESS	1.00	Highest	$0	$36,343	$233,677
MICAH NEWBURG	DIRECTOR OF PROJECTS & BUSINESS DEVELOPMENT	1.00	Highest	$0	$34,001	$200,152

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	No data	No data	No data	No data
2023	$4,396,742	$4,348,167	$1,371,710	$48,575
2022	$2,918,793	$2,903,696	$1,261,048	$15,097
2021	$2,956,440	$3,034,456	$1,013,278	$-78,016
2020	$1,851,519	$1,843,222	$1,740,161	$8,297
2019	$1,687,907	$1,638,078	$863,613	$49,829
2018	$2,147,616	$2,103,574	$937,712	$44,042

DEVELOPMENT PROJECTS INC