GRANT COUNTY DEVELOPMENT CORPORATION (EIN 363452396) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

TOM SCHUNEMAN

Phone

6054384232

Tax Period

2024-01-01 to 2024-12-31

GRANT COUNTY DEVELOPMENT CORPORATION, founded in 1994, is a micro nonprofit that reported $76K in total revenue in fiscal year 2018. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $111K exceeded revenue, resulting in a 47% operating deficit.

Mission

THE GOAL OF THE ORGANIZATION IS TO PROMOTE, ENCOURAGE, AND ADVANCE THE DEVELOPMENT OF PRIVATE ENTERPRISE, COMMUNITY DEVELOPMENT, AREA TOURISM, INDUSTRY & BUSINESS, IN GRANT COUNTY, SOUTH DAKOTA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,107,150

Program Service Revenue $11,835

Investment Income $34,713

Other Revenue $0

TOTAL REVENUE $1,153,698

Expense Breakdown

Grants Paid $722,018

Salaries & Benefits $101,990

Fundraising Expenses $0

Program Expenses $875,171

Other Expenses $85,323

TOTAL EXPENSES $909,331

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,153,698	$872,083	+0.3%
Expenses	$909,331	$607,684	+0.5%
Net Income	$244,367	$264,399	-0.1%

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

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

$95,412

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACI STEIN	EXECUTIVE DI	40.00	Officer	$70,600	$0	$70,600
KRISTA ATEYO-GORTMAKER	PAST EXECUTI	N/A	Officer	$24,812	$0	$24,812
NICHOLE BURY	DIRECTOR	N/A	Director	$0	$0	$0
JUSTIN DOWNES	DIRECTOR	N/A	Director	$0	$0	$0
JIM GESSWEIN	DIRECTOR	N/A	Director	$0	$0	$0
DAVE HICKS	DIRECTOR	N/A	Director	$0	$0	$0
LANCE JUNSO	DIRECTOR	N/A	Director	$0	$0	$0
TROY KASTRUP	DIRECTOR	N/A	Director	$0	$0	$0
KEVIN KOUBA	DIRECTOR	N/A	Director	$0	$0	$0
JEFF KURTZ	DIRECTOR	N/A	Director	$0	$0	$0
DAVE PAGE	SECRETARY	N/A	Officer Director	$0	$0	$0
BRIAN SANDVIG	DIRECTOR	N/A	Director	$0	$0	$0
TOM SCHUNEMAN	PRESIDENT	N/A	Officer Director	$0	$0	$0
SUZANNE SOUZA	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN TRAPP	DIRECTOR	N/A	Director	$0	$0	$0
JOSH WENDLAND	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
STEVE WENZL	TREASURER	N/A	Officer 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	$1,153,698	$909,331	$2,008,509	$244,367
2023	$872,083	$607,684	$1,255,904	$264,399
2022	$429,505	$112,288	$1,057,243	$317,217
2021	$150,988	$120,629	$805,684	$30,359
2020	$303,527	$401,035	$840,747	$-97,508
2019	$87,107	$110,532	$1,004,949	$-23,425
2018	$75,683	$111,289	$1,091,858	$-35,606

GRANT COUNTY DEVELOPMENT CORPORATION