TROY DEVELOPMENT COUNCIL INC (EIN 311736034) - 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

2000

Legal Domicile

Principal Officer

JOSEPH GRAVES

Phone

9373398769

Tax Period

2023-01-01 to 2023-12-31

TROY DEVELOPMENT COUNCIL INC, founded in 2000, is a small nonprofit in the Employment sector that reported $814K in total revenue in fiscal year 2023. Revenue surged 148% from the prior year, signaling strong growth momentum. The organization ran a surplus of $503K, a strong 62% operating margin.

Mission

FOSTER ECONOMIC VITALITY AND RAISE THE STANDARD OF LIVING.

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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 $337,482

Program Service Revenue $0

Investment Income $476,995

Other Revenue $0

TOTAL REVENUE $814,477

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $311,731

Other Expenses $311,731

TOTAL EXPENSES $311,731

Year-over-Year Comparison

	2023	2022	Change
Revenue	$814,477	$328,872	+1.5%
Expenses	$311,731	$273,042	+0.1%
Net Income	$502,746	$55,830	+8.0%

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

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
ANGELA BENEDICT	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BRENDEL	DIRECTOR	1.00	Director	$0	$0	$0
STEVE BRUNS	DIRECTOR	1.00	Director	$0	$0	$0
TIM DAVIS	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
BONNIE HARRIS FREY	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH GRAVES	CHIEF EXEC.	1.00	Officer Director	$0	$0	$0
JASON HAAK	DIRECTOR	1.00	Director	$0	$0	$0
TROY MERCER	DIRECTOR	1.00	Director	$0	$0	$0
RICH OSGOOD	DIRECTOR	1.00	Director	$0	$0	$0
DUANNA OSTING	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN PARK	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT PARKIN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS PIPER	DIRECTOR	1.00	Director	$0	$0	$0
BEN REDICK	DIRECTOR	1.00	Director	$0	$0	$0
ANNETTE RYAN-BAKER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CHRIS SPRADLIN	DIRECTOR	1.00	Director	$0	$0	$0
TIM SUMMERS	PRESIDENT	1.00	Officer Director	$0	$0	$0
PATRICK TITTERINGTON	DIRECTOR	1.00	Director	$0	$0	$0
MIKE TWISS	DIRECTOR	1.00	Director	$0	$0	$0
ED WESTMEYER	DIRECTOR	1.00	Director	$0	$0	$0
JEFF WHITE	DIRECTOR	1.00	Director	$0	$0	$0
BOB WINNER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL RIEMAN	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
2024	No data	No data	No data	No data
2023	$814,477	$311,731	$1,107,474	$502,746
2022	$328,872	$273,042	$1,890,497	$55,830
2021	$361,264	$249,800	$1,829,267	$111,464
2020	$258,288	$255,807	$2,009,167	$2,481
2019	$277,698	$267,751	$444,377	$9,947
2018	$280,144	$273,786	$431,524	$6,358

TROY DEVELOPMENT COUNCIL INC