Flandreau Development Corporation (EIN 363550483) - 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

1986

Legal Domicile

Phone

6059972492

Tax Period

2022-01-01 to 2022-12-31

Flandreau Development Corporation, founded in 1986, is a micro nonprofit that reported $10K in total revenue in fiscal year 2018. Expenses of $17K exceeded revenue, resulting in a 69% operating deficit.

Mission

Dedicated to serve the Flandreau Area by enhancing the economic well-being of the City of Flandreau and its surrounding areas and to improve its quality of life and prosperity.

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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 (2022)

Revenue Breakdown

Contributions & Grants $23,050

Program Service Revenue $0

Investment Income $36,733

Other Revenue $3,854

TOTAL REVENUE $63,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $19,676

Other Expenses $54,946

TOTAL EXPENSES $54,946

Year-over-Year Comparison

	2022	2021	Change
Revenue	$63,637	$70,102	-0.1%
Expenses	$54,946	$45,573	+0.2%
Net Income	$8,691	$24,529	-0.6%

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

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
Carleen Wild Wilson	Vice President	0.50	Officer Director	$0	$0	$0
Jason Unger	Director	0.50	Director	$0	$0	$0
Kelley Ramsdell	President	0.50	Officer Director	$0	$0	$0
Dustin Lau	Director	0.50	Director	$0	$0	$0
Kristen Britton	Secretary	0.50	Officer Director	$0	$0	$0
Shawn Jaacks	Director	0.50	Director	$0	$0	$0
Jessica Hovland	Executive Dir.	0.50	Director	$0	$0	$0
Jenna Carr	Treasurer	0.50	Officer Director	$0	$0	$0
Mike Witte	Director	0.50	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
2022	$63,637	$54,946	$578,075	$8,691
2021	$70,102	$45,573	$569,384	$24,529
2020	$11,012	$16,368	$545,355	$-5,356
2019	$4,977	$24,782	$551,572	$-19,805
2018	$9,809	$16,570	$570,378	$-6,761

Flandreau Development Corporation