FREMONT DEVELOPMENT CORPORATION (EIN 341566163) - 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

2008

Principal Officer

ROBERT GROSS

Tax Period

2024-07-01 to 2025-06-30

FREMONT DEVELOPMENT CORPORATION, founded in 2008, is a micro nonprofit in the Community Improvement sector that reported $27K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $24K left a modest 11% surplus.

Mission

ASSIST THE CITY OF FREMONT, OHIO AND THE RESIDENTS OF THE COMMUNITY OF FREMONT, OHIO IN CREATING A HEALTHY ECONOMIC ENVIRONMENT WHICH MAY PROVIDE FOR SUBSTANTIAL GROWTH FOR THE CITY OF FREMONT, OHIO IN TERMS OF INDUSTRIAL, COMMERCIAL, AND RESIDENTIAL DEVELOPMENT LEADING TO GROWTH IN THE POPULATION AND INCOME LEVELS WITHIN THE CITY OF FREMONT, OHIO.

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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 $26,941

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $26,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,854

Other Expenses $23,854

TOTAL EXPENSES $23,854

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,941	$39,734	-0.3%
Expenses	$23,854	$37,083	-0.4%
Net Income	$3,087	$2,651	+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

N/A

Volunteers

N/A

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
KRISTIE BILGER	TREASURER/SE	N/A	Officer Director	$0	$0	$0
TONY CAMILLERI	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN GEFFE	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT GROSS	PRESIDENT	N/A	Officer Director	$0	$0	$0
PAM JENSEN	DIRECTOR	N/A	Director	$0	$0	$0
THOMAS KERN	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
CHIP VANDETTE	DIRECTOR	N/A	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
2025	$26,941	$23,854	$897,514	$3,087
2024	$39,734	$37,083	$894,427	$2,651
2023	$1,065,640	$180,197	$891,776	$885,443

FREMONT DEVELOPMENT CORPORATION