MADISON RIVERFRONT DEVELOPMENT MADISON RIVERFRONT DEVELOPMENT (EIN 351639867) - 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

1985

Legal Domicile

Principal Officer

JAMES D PRUETT

Phone

5132135051

Tax Period

2024-01-01 to 2024-12-31

MADISON RIVERFRONT DEVELOPMENT MADISON RIVERFRONT DEVELOPMENT, founded in 1985, is a small nonprofit that reported $388K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $118K, a strong 30% operating margin.

Mission

THE ORGANIZATION PROVIDES FUNDING TO SEVERAL BUSINESS PROJECTS LOCATED WITHIN THE ZONE AREA. THIS INCLUDES THE CURRENT PROJECT OF THE RIVERFRONT DEVELOPMENT.

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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 $196,398

Program Service Revenue $186,980

Investment Income $4,752

Other Revenue $0

TOTAL REVENUE $388,130

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $247,210

Other Expenses $270,007

TOTAL EXPENSES $270,007

Year-over-Year Comparison

	2024	2023	Change
Revenue	$388,130	$736,512	-0.5%
Expenses	$270,007	$1,653,486	-0.8%
Net Income	$118,123	$-916,974	-1.1%

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
KIRK GROOMS	DIRECTOR	N/A	Director	$0	$0	$0
JOSH KUNZE	DIRECTOR	N/A	Director	$0	$0	$0
JEANIE STOTTS	DIRECTOR	N/A	Director	$0	$0	$0
BOB WALL	DIRECTOR	N/A	Director	$0	$0	$0
JOHN BRUNS	VICE-CHAIRMA	N/A	Officer	$0	$0	$0
JAMES D PRUETT	CHAIRMAN	N/A	Officer	$0	$0	$0
JD WEBSTER	SECRETARY	N/A	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
2024	$388,130	$270,007	$275,250	$118,123
2023	$736,512	$1,653,486	$212,313	$-916,974
2022	$827,913	$359,851	$824,156	$468,062
2021	$216,321	$142,540	$345,586	$73,781
2020	$77,948	$251,036	$271,581	$-173,088
2019	$124,353	$68,561	$446,535	$55,792
2018	$117,406	$58,787	$392,060	$58,619

MADISON RIVERFRONT DEVELOPMENT MADISON RIVERFRONT DEVELOPMENT