NAPERVILLE DEVELOPMENT PARTNERSHIP

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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

1995

Legal Domicile

Principal Officer

MONICA CONNERS

Phone

6303057701

Tax Period

2024-01-01 to 2024-12-31

NAPERVILLE DEVELOPMENT PARTNERSHIP, founded in 1995, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 7% surplus.

Mission

TO ENHANCE THE ECONOMIC WELL BEING AND QUALITY OF LIFE IN NAPERVILLE, IL THROUGH JOB CREATION, ATTRACTING AND RETAINING BUSINESSES AND STIMULATING INVESTMENT AND ECONOMIC ACTIVITY. THIS INVOLVES ACTIVITIES IN RETENTION, EXPANSION, AND ATTRACTION, AS WELL AS WORKFORCE DEVELOPMENT, ENTREPRENEURSHIP AND TOURISM. ALL CONTRIBUTE TO THE DIVERSIFICATION OF THE TAX BASE WHICH SUPPORTS AN AFFORDABLE AND ATTRACTIVE COMMUNITY TO LIVE, WORK AND VISIT.

Program Service Accomplishments

Program 1

NAPERVILLE DEVELOPMENT PARTNERSHIP DELIVERS ECONOMIC DEVELOPMENT SERVICES ON BEHALF OF THE CITY OF NAPERVILLE AT NO CHARGE TO CLIENTS. BUSINESSES ARE LOOKING TO EVALUATE LOCATING IN THE CITY, HIRING EMPLOYEES IN THE CITY AND SUPPORTING THE TAX BASE. NDP MARKETS THE COMMUNITY TO REAL ESTATE DECISION MAKERS, CORPORATIONS AND SMALL BUSINESS TO INCREASE THE TAX BASE AND SUPPORT DIRECT AND INDIRECT ECONOMIC IMPACT.

Program 2

DINE NAPERVILLE, A BRAND OF NDP, PROVIDES MARKETING SUPPORT TO 400 RESTAURANTS IN THE CITY OF NAPERVILLE. NDP EXECUTES A VARIETY OF ROBUST MARKETING PROGRAMS INCLUDING RESTAURANT WEEK, AT NO CHARGE TO THE RESTAURANTS. IN ADDITION, NDP PUBLISHES AN ANNUAL RESTAURANT GUIDE FOR EACH RESIDENCE AND DELIVERS MARKETING CAMPAIGNS AT NO CHARGE TO THE RESTAURANTS TO DRIVE MORE TRAFFIC AND PATRONS.

Program 3

NAPERVILLE CVB IS AN ENTITY OF NDP AND SERVES AS THE CONVENTION VISITORS BUREAU FOR THE CITY PROVIDING SERVICES AT NO CHARGE FOR THE HOSPITALITY COMMUNITY. ACTIVITIES INCLUDE ATTRACTING CONFERENCES, WEDDINGS, SPORTING EVENTS AND OTHER TRAVEL TO SUPPORT HOTELS, ATTRACTIONS, VENUES, RESTAURANTS AND SHOPS IN THE COMMUNITY. THE OVERALL ECONOMIC IMPACT IS REFLECTED IN INCREASE SALES TAXES, PROPERTY TAXES AND INDIRECT ECONOMIC SPEND FROM A ROBUST EMPLOYEMENT BASE.

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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 $1,375,459

Program Service Revenue $0

Investment Income $12,693

Other Revenue $0

TOTAL REVENUE $1,388,152

Expense Breakdown

Grants Paid $0

Salaries & Benefits $734,519

Fundraising Expenses $0

Other Expenses $562,911

TOTAL EXPENSES $1,297,430

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,388,152	$1,084,544	+0.3%
Expenses	$1,297,430	$1,118,956	+0.2%
Net Income	$90,722	$-34,412	-3.6%

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

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

$304,410

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK WRIGHT	CHAIRMAN	1.00	Officer Director	$0	$0	$0
VINCE ROSANOVA	TREASURER/IMMEDIATE PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
BENJAMIN WHITE	COUNCILMAN	1.00	Officer Director	$0	$0	$0
DAN GUSTAFSON	CVB CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN PUSCHECK	PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
BRIEN NAGLE	LEGAL COUNSEL	1.00	Officer Director	$0	$0	$0
DOUG GERALD	CHAIRMAN ELECT	1.00	Officer Director	$0	$0	$0
CHRISTINA CATON KITCHEL	SECRETARY	1.00	Officer Director	$0	$0	$0
JOSEPH DANT	VICE CHAIRMAN AT LARGE	1.00	Officer Director	$0	$0	$0
JOHN ZEDIKER	VICE CHAIRMAN AT LARGE	1.00	Officer Director	$0	$0	$0
TIM GREENE	VICE CHAIRMAN AT LARGE	1.00	Officer Director	$0	$0	$0
TOM MIERS	MARKETING COMMITTEE CHAIRMAN	1.00	Officer Director	$0	$0	$0
RAJ PATEL	RESTAURANT MARKETING CHAIRMAN	1.00	Officer Director	$0	$0	$0
KAM KNISS	DIRECTOR	1.00	Director	$0	$0	$0
ANITA THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
BILL HAYES	DIRECTOR	1.00	Director	$0	$0	$0
DAN JURJOVEC	DIRECTOR	1.00	Director	$0	$0	$0
DAVE KELSCH	DIRECTOR	1.00	Director	$0	$0	$0
RAY KINNEY	DIRECTOR	1.00	Director	$0	$0	$0
RYAN KUBACKI	DIRECTOR	1.00	Director	$0	$0	$0
MIKE BENDER	DIRECTOR	1.00	Director	$0	$0	$0
SEAN GALLAGHER	DIRECTOR	1.00	Director	$0	$0	$0
DERKE PRICE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DELLA TERZA	DIRECTOR	1.00	Director	$0	$0	$0
STEVE RUBIN	DIRECTOR	1.00	Director	$0	$0	$0
MARGI SCHIEMANN	DIRECTOR	1.00	Director	$0	$0	$0
ALI SETORK	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN WEST	DIRECTOR	1.00	Director	$0	$0	$0
BRAD WILSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID JUSTH	DIRECTOR	1.00	Director	$0	$0	$0
JOSH MAGNUSON	DIRECTOR	1.00	Director	$0	$0	$0
MAYER SCOTT WEHRLI	DIRECTOR	1.00	Director	$0	$0	$0
DOUG KRIEGER	DIRECTOR	1.00	Director	$0	$0	$0
DAN BRIDGES	DIRECTOR	1.00	Director	$0	$0	$0
ADRIAN TALLEY	DIRECTOR	1.00	Director	$0	$0	$0
KAYLIN RISVOLD	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE JEFFRIES	PRESIDENT (THRU 5/3/24)	40.00	Officer	$113,134	$34,785	$147,919
MONICA CONNERS	PRESIDENT (AS OF 5/6/24)	40.00	Officer	$146,229	$10,262	$156,491

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	$1,388,152	$1,297,430	$504,984	$90,722
2023	$1,084,544	$1,118,956	$414,262	$-34,412
2022	$1,060,374	$1,051,927	$448,674	$8,447
2021	$1,062,182	$976,273	$440,227	$85,909
2020	$1,016,496	$958,809	$354,318	$57,687
2019	$1,039,404	$980,307	$296,631	$59,097
2018	$983,414	$988,281	$237,534	$-4,867