MUNICH AREA DEVELOPMENT CORP (EIN 363364172) - 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

RICHARD ZIMMER

Phone

7016825517

Tax Period

2023-01-01 to 2023-12-31

MUNICH AREA DEVELOPMENT CORP, founded in 1985, is a small nonprofit that reported $224K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $194K left a modest 13% surplus.

Mission

THE ENTITY OPERATES A LOW-INCOME APARTMENT COMPLEX AND OPERATES VIDEO GAMING MACHINES WITH THE PROCEEDS USED FOR VARIOUS CIVIC NEEDS IN MUNICH ND AND NEIGHBORING COMMUNITIES.

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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 $0

Investment Income $3,662

Other Revenue $220,321

TOTAL REVENUE $223,983

Expense Breakdown

Grants Paid $189,170

Salaries & Benefits $4,705

Fundraising Expenses $0

Program Expenses $193,875

Other Expenses $0

TOTAL EXPENSES $193,875

Year-over-Year Comparison

	2023	2022	Change
Revenue	$223,983	$200,111	+0.1%
Expenses	$193,875	$107,639	+0.8%
Net Income	$30,108	$92,472	-0.7%

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

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
RICHARD ZIMMER	PRESIDENT	1.00	Officer	$0	$0	$0
BRIAN HOFFMAN	VICE PRESIDENT	1.00	Officer	$0	$0	$0
ROGER WIRTH	TREASURER	1.00	Officer	$0	$0	$0
MATT MITZEL	DIRECTOR	1.00	Director	$0	$0	$0
BOBBY FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
DEBI ZAVALNEY	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	$223,983	$193,875	$1,006,074	$30,108
2022	$200,111	$107,639	$981,364	$92,472
2021	$272,682	$162,370	$894,212	$110,312
2020	$483,655	$92,996	$788,404	$390,659
2019	$85,801	$25,965	$401,514	$59,836

MUNICH AREA DEVELOPMENT CORP