REGIONAL DEVELOPMENT COMPANY (EIN 351939664) - 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

1994

Legal Domicile

Principal Officer

ERICA DOMBEY

Phone

2194760504

Tax Period

2023-10-01 to 2024-09-30

REGIONAL DEVELOPMENT COMPANY, founded in 1994, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO HELP SMALL BUSINESSES BECOME AWARE OF SBA 504 LOAN FINANCING.

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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 $0

Program Service Revenue $941,705

Investment Income $11,607

Other Revenue $96,774

TOTAL REVENUE $1,050,086

Expense Breakdown

Grants Paid $9,850

Salaries & Benefits $754,292

Fundraising Expenses $0

Program Expenses $897,463

Other Expenses $259,796

TOTAL EXPENSES $1,023,938

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,050,086	$953,170	+0.1%
Expenses	$1,023,938	$999,702	+0.0%
Net Income	$26,148	$-46,532	-1.6%

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

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

$188,819

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM WILK	DIRECTOR	1.00	Director	$0	$0	$0
REX RICHARDS	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT CASBON	DIRECTOR	1.00	Director	$0	$0	$0
KEVEN JENNINGS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MATTHIESEN	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM HASSE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SCHNEIDER	PAST CHAIR	1.00	Officer Director	$0	$0	$0
STEVEN NICKSIC	DIRECTOR	1.00	Director	$0	$0	$0
JEFF BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER JONES	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY PEUQUET	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW SALTANOVITZ	CHAIR	1.00	Officer Director	$0	$0	$0
REGGIE GREENWOOD	DIRECTOR	1.00	Director	$0	$0	$0
NICK LARSON	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY NOVAK	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW VESSELY	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY BRACCO	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN KRING	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL RIEHLE JR	TREASURER	1.00	Officer Director	$0	$0	$0
AFRICA TARVER	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN APPLEGATE	DIRECTOR	1.00	Director	$0	$0	$0
ERIC EVANS	DIRECTOR	1.00	Director	$0	$0	$0
MONICA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
RENE MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
LORI TUBBS	DIRECTOR	1.00	Director	$0	$0	$0
MARK OGANOVICH	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY SINDONE	DIRECTOR	1.00	Director	$0	$0	$0
ANNE TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
ERICA DOMBEY	EXECUTIVE DIRECTOR	40.00	Officer	$162,774	$26,045	$188,819
NICCOLE ZELL	EMPLOYEE	40.00	Highest	$116,722	$19,043	$135,765

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	No data	No data	No data	No data
2024	$1,050,086	$1,023,938	$884,701	$26,148
2023	$953,170	$999,702	$862,160	$-46,532
2022	$931,106	$975,831	$1,015,697	$-44,725
2021	$897,575	$979,710	$1,174,976	$-82,135
2020	$1,113,751	$933,117	$1,164,877	$180,634
2019	$979,811	$901,900	$972,082	$77,911

REGIONAL DEVELOPMENT COMPANY