REDWOOD AREA DEVELOPMENT CORPORATION (EIN 363501509) - 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

1989

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

REDWOOD AREA DEVELOPMENT CORPORATION, founded in 1989, is a small nonprofit that reported $258K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

ASSIST EXISTING BUSINESSES; PROMATE EXPANSION OF EXISTING BUSINESSES/NEW BUSINESS IN REDWOOD AREA; ASSIST COMMUNITY DEVELOPMENT

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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 $32,361

Program Service Revenue $225,684

Investment Income $0

Other Revenue $0

TOTAL REVENUE $258,045

Expense Breakdown

Grants Paid $0

Salaries & Benefits $219,133

Fundraising Expenses $0

Program Expenses $250,541

Other Expenses $31,408

TOTAL EXPENSES $250,541

Year-over-Year Comparison

	2024	2023	Change
Revenue	$258,045	$228,780	+0.1%
Expenses	$250,541	$234,086	+0.1%
Net Income	$7,504	$-5,306	-2.4%

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
JOHN INGEBRIGTSON	PRESIDENT	1.00	Officer	$0	$0	$0
SHERRI SCHUELLER	SECRETARYTREASURER	1.00	Officer	$0	$0	$0
AL KOKESCH	VICE PRESIDENT	1.00	Officer	$0	$0	$0
MAGGIE BLUE	DIRECTOR	0.50	Officer	$0	$0	$0
LORI RYER	DIRECTOR	0.50	Officer	$0	$0	$0
THOMAS GROEBNER	DIRECTOR	0.50	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
2025	No data	No data	No data	No data
2024	$258,045	$250,541	$148,682	$7,504
2023	$228,780	$234,086	$141,178	$-5,306
2022	$199,087	$234,177	$146,484	$-35,090
2021	$178,317	$163,945	$181,574	$14,372
2020	$168,622	$159,911	$167,202	$8,711

REDWOOD AREA DEVELOPMENT CORPORATION