GREATER STERLING DEVELOPMENT CORPORATION (EIN 363706308) - 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

1990

Legal Domicile

Principal Officer

HEATHER SOTELO

Phone

8156255255

Tax Period

2024-05-01 to 2025-04-30

GREATER STERLING DEVELOPMENT CORPORATION, founded in 1990, is a small nonprofit in the Community Improvement sector that reported $950K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 27% operating deficit.

Mission

TO CREATE ECONOMIC AND JOB GROWTH IN THE STERLING AREA THROUGH BUSINESS EXPANSION, NEW INVESTMENT AND RETENTION.

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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 $136,416

Program Service Revenue $813,969

Investment Income $69

Other Revenue $0

TOTAL REVENUE $950,454

Expense Breakdown

Grants Paid $8,966

Salaries & Benefits $239,706

Fundraising Expenses $12,580

Program Expenses $1,057,785

Other Expenses $955,548

TOTAL EXPENSES $1,204,220

Year-over-Year Comparison

	2024	2023	Change
Revenue	$950,454	$1,078,988	-0.1%
Expenses	$1,204,220	$1,266,657	0.0%
Net Income	$-253,766	$-187,669	+0.4%

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

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

$123,536

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ED ANDERSEN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PETER W DILLON	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DICK BAUMANN	TREASURER	1.00	Officer Director	$0	$0	$0
CINDY ZANDER	SECRETARY	1.00	Officer Director	$0	$0	$0
JENNIFER DALLAS	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG FROETER	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT SHUMARD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ROSENGREN	DIRECTOR	1.00	Director	$0	$0	$0
DAVE HURLESS	DIRECTOR	1.00	Director	$0	$0	$0
DIRK MEMINGER	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER SOTELO	EXECUTIVE DIRECTOR	40.00	Officer	$111,303	$12,233	$123,536

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	$950,454	$1,204,220	$9,284,119	$-253,766
2024	$1,078,988	$1,266,657	$9,629,968	$-187,669
2023	$824,900	$1,076,403	$9,982,638	$-251,503
2022	$1,289,640	$927,045	$10,325,597	$362,595
2021	$1,386,862	$731,690	$8,635,725	$655,172
2020	$1,227,862	$728,156	$7,389,268	$499,706
2019	$1,327,368	$984,788	$6,805,686	$342,580

GREATER STERLING DEVELOPMENT CORPORATION