Valley City - Barnes County Development Corporatio (EIN 363485273) - 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

Matthew Pedersen

Phone

7018451891

Tax Period

2024-10-01 to 2025-09-30

Valley City - Barnes County Development Corporatio, founded in 1985, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. Net assets of $5.1M represent 38 months of operating reserves.

Mission

To promote economic development in the City of Valley City and surrounding Barnes County 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 $1,510,019

Program Service Revenue $57,711

Investment Income $29,861

Other Revenue $-6,483

TOTAL REVENUE $1,591,108

Expense Breakdown

Grants Paid $592,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,301,838

Other Expenses $982,256

TOTAL EXPENSES $1,574,756

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,591,108	$955,456	+0.7%
Expenses	$1,574,756	$980,425	+0.6%
Net Income	$16,352	$-24,969	-1.7%

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

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

$117,869

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer Feist	Director of Development	40.00	Key Emp	$117,869	$0	$117,869
Matthew Pedersen	President	10.00	Officer Director	$0	$0	$0
David Beierle	Vice President	5.00	Officer Director	$0	$0	$0
Josh Kasowski	Past President	2.00	Officer Director	$0	$0	$0
Nate Zerface	Director	2.00	Director	$0	$0	$0
Mary Lee Nielson	Director	2.00	Director	$0	$0	$0
Scott Dieterle	Director	2.00	Director	$0	$0	$0
Wade Bruns	Director	2.00	Director	$0	$0	$0
Dean Kinney	Director	2.00	Director	$0	$0	$0
Paul Diegel	Director	2.00	Director	$0	$0	$0
Todd Ingstad	Director	2.00	Director	$0	$0	$0
Katie Beyer	Director	2.00	Director	$0	$0	$0
Dick Gulmon	Director	2.00	Director	$0	$0	$0
Mike Bishop	Director	2.00	Director	$0	$0	$0
Pete Paulson	Director	2.00	Director	$0	$0	$0
Shaun Olauson	Director	2.00	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
2025	$1,591,108	$1,574,756	$6,149,594	$16,352
2024	$955,456	$980,425	$6,283,269	$-24,969
2023	$639,023	$756,727	$6,446,008	$-117,704
2022	$677,456	$868,643	$6,644,931	$-191,187
2021	$659,813	$684,940	$6,837,851	$-25,127
2020	$956,954	$1,109,389	$6,806,146	$-152,435
2019	$884,302	$844,872	$6,939,102	$39,430
2018	$966,467	$807,645	$6,864,005	$158,822

Valley City - Barnes County Development Corporatio