PLATTE DEVELOPMENT CORPORATION (EIN 363762148) - 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

Phone

6053372895

Tax Period

2023-01-01 to 2023-12-31

PLATTE DEVELOPMENT CORPORATION is a small nonprofit in the Community Improvement sector that reported $289K in total revenue in fiscal year 2022. The organization ran a surplus of $225K, a strong 78% operating margin.

Mission

Community growth and improvement

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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 (2023)

Revenue Breakdown

Contributions & Grants $484,048

Program Service Revenue $0

Investment Income $25,325

Other Revenue $16,802

TOTAL REVENUE $526,175

Expense Breakdown

Grants Paid $2,250

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,111

Other Expenses $302,729

TOTAL EXPENSES $304,979

Year-over-Year Comparison

	2023	2022	Change
Revenue	$526,175	$288,660	+0.8%
Expenses	$304,979	$63,209	+3.8%
Net Income	$221,196	$225,451	0.0%

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

N/A

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
COLE ANDERSON	Director	1.00	Director	$0	$0	$0
KURT VANDERBOOM	Director	1.00	Director	$0	$0	$0
TAIT SIBBEL	Director	1.00	Director	$0	$0	$0
JILL MORET	Director	1.00	Director	$0	$0	$0
WHITNEY DEHAAN	Director	1.00	Director	$0	$0	$0
DENNIS VANDERWERFF	President	1.00	Officer	$0	$0	$0
CORDELL MUILENBERG	Vice President	1.00	Officer	$0	$0	$0
JANET TEGETHOFF	Secretary	1.00	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
2024	No data	No data	No data	No data
2023	$526,175	$304,979	$735,034	$221,196
2022	$288,660	$63,209	$349,338	$225,451

PLATTE DEVELOPMENT CORPORATION