LAPEER DEVELOPMENT CORPORATION (EIN 382380236) - 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

1981

Legal Domicile

Principal Officer

SAM MOORE

Phone

8106670080

Tax Period

2024-07-01 to 2025-06-30

LAPEER DEVELOPMENT CORPORATION, founded in 1981, is a small nonprofit in the Community Improvement sector that reported $448K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $111K, a strong 25% operating margin.

Mission

TO LEAD AND COORDINATE ECONOMIC DEVELOPMENT THROUGHOUT LAPEER COUNTY AND TO PROVIDE A LINK BETWEEN FEDERAL, STATE AND LOCAL GOVERNMENTS AND BUSINESSES INTERESTED IN LOCATING OR EXPANDING IN LAPEER COUNTY MICHIGAN. THE LAPEER DEVELOPMENT CORPORATION WILL ACT AS A LIASON BETWEEN PUBLIC AND PRIVATE SECTORS TO OBTAIN THE NECESSARY ASSISTANCE FOR A PROJECT.

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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 $41,500

Program Service Revenue $360,016

Investment Income $31,555

Other Revenue $14,507

TOTAL REVENUE $447,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $176,790

Fundraising Expenses $0

Program Expenses $273,395

Other Expenses $160,251

TOTAL EXPENSES $337,041

Year-over-Year Comparison

	2024	2023	Change
Revenue	$447,578	$379,284	+0.2%
Expenses	$337,041	$330,129	+0.0%
Net Income	$110,537	$49,155	+1.2%

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

$139,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM MOORE	EXECUTIVE DI	40.00	Director	$139,400	$0	$139,400
DANIEL DESHETSKY	BOARD MEMBER	2.00	Director	$0	$0	$0
DONALD DUBE	BOARD MEMBER	2.00	Director	$0	$0	$0
CRAIG HORTON	BOARD MEMBER	2.00	Director	$0	$0	$0
MADISON JARMON	BOARD MEMBER	2.00	Director	$0	$0	$0
WILLIAM KALMAR	BOARD MEMBER	2.00	Director	$0	$0	$0
DALE KERBYSON	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN KNISELY	BOARD MEMBER	2.00	Director	$0	$0	$0
JIM LIGON	BOARD MEMBER	2.00	Director	$0	$0	$0
GARY PHILLIPS	BOARD MEMBER	2.00	Director	$0	$0	$0
MOSES SANZO	BOARD MEMBER	2.00	Director	$0	$0	$0
TIM VARGAS	BOARD MEMBER	2.00	Director	$0	$0	$0
MIKE WOMACK	SECRETARY	2.00	Director	$0	$0	$0
MICHAEL BURKE	VICE CHAIRMA	2.00	Officer	$0	$0	$0
JESSICA MARCO	TREASURER	2.00	Officer	$0	$0	$0
LEANNE PANDUREN	CHAIR	2.00	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
2025	$447,578	$337,041	$946,899	$110,537
2024	$379,284	$330,129	$780,450	$49,155
2023	$178,301	$232,706	$714,555	$-54,405
2022	$178,651	$231,967	$763,997	$-53,316
2021	$240,115	$188,219	$810,164	$51,896
2020	$222,628	$213,500	$788,008	$9,128
2019	$218,313	$221,207	$747,153	$-2,894

LAPEER DEVELOPMENT CORPORATION