DEVELOPMENT RESEARCH CORPORATION (EIN 311433172) - 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 RESEARCH CORPORATION, founded in 1995, is a small nonprofit in the Community Improvement sector that reported $141K in total revenue in fiscal year 2023. Revenue fell 70% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $64K, a strong 45% operating margin.

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 $65,022

Program Service Revenue $0

Investment Income $77,668

Other Revenue $-1,316

TOTAL REVENUE $141,374

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,449

Program Expenses $57,887

Other Expenses $77,673

TOTAL EXPENSES $77,673

Year-over-Year Comparison

	2023	2022	Change
Revenue	$141,374	$466,440	-0.7%
Expenses	$77,673	$192,236	-0.6%
Net Income	$63,701	$274,204	-0.8%

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
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
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

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	$141,374	$77,673	$2,160,574	$63,701
2022	$466,440	$192,236	$2,143,357	$274,204
2021	$1,301,283	$74,069	$1,910,569	$1,227,214
2021	$1,301,283	$74,069	$1,910,569	$1,227,214
2020	$74,136	$70,435	$678,078	$3,701
2019	$101,158	$97,908	$702,277	$3,250
2018	$64,559	$64,559	$670,437	No data

DEVELOPMENT RESEARCH CORPORATION