ALLEN COUNTY FORT WAYNE DEVELOPMENT TRUST INC (EIN 352090277) - 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

2011

Legal Domicile

Phone

2604206945

Tax Period

2024-01-01 to 2024-12-31

ALLEN COUNTY FORT WAYNE DEVELOPMENT TRUST INC, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $4.9M in total revenue in fiscal year 2024. Revenue surged 1210% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.7M, a strong 95% operating margin.

Mission

TO ADVANCE CURRENT AND FUTURE REVITALIZATION AND PROMOTE NEW ECONOMIC DEVELOPMENT OR REDEVELOPMENT IN THE ALLEN COUNTY-FORT WAYNE AREA.

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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 $0

Program Service Revenue $4,936,976

Investment Income $2

Other Revenue $0

TOTAL REVENUE $4,936,978

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $233,557

Other Expenses $265,968

TOTAL EXPENSES $265,968

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,936,978	$376,806	+12.1%
Expenses	$265,968	$106,085	+1.5%
Net Income	$4,671,010	$270,721	+16.3%

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
Kylee Shirey	Secretary	1.0	Officer Director	$0	$0	$0
Mike Erler	Vice President	1.0	Officer Director	$0	$0	$0
Robert S Walters	President	2.0	Officer Director	$0	$0	$0
Charles Heiny	Director	1.0	Director	$0	$0	$0
Damian Gosheff	Director	1.0	Director	$0	$0	$0
Ellen Cutter	Director	1.0	Director	$0	$0	$0
Heather Presley-Cowan	Director	1.0	Director	$0	$0	$0
Karl Bandemer	Director	1.0	Director	$0	$0	$0
Mike Cahill	Director	1.0	Director	$0	$0	$0
Richard Beck	Director	1.0	Director	$0	$0	$0
Tim Smith	Director	1.0	Director	$0	$0	$0
Susan Wesner	Treasurer	3.0	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	$4,936,978	$265,968	$118,503,391	$4,671,010
2023	$376,806	$106,085	$113,932,337	$270,721
2022	$25,744,288	$102,755	$113,715,549	$25,641,533
2021	$21,500,963	$661,987	$88,140,308	$20,838,976
2020	$65,124,437	$185,131	$68,556,632	$64,939,306

ALLEN COUNTY FORT WAYNE DEVELOPMENT TRUST INC