TARGET ALPENA DEVELOPMENT CORPORATION (EIN 382860480) - 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

1989

Legal Domicile

Principal Officer

ANNE GENTRY

Phone

9893543181

Tax Period

2023-01-01 to 2023-12-31

TARGET ALPENA DEVELOPMENT CORPORATION, founded in 1989, is a small nonprofit in the Community Improvement sector that reported $331K in total revenue in fiscal year 2023. Revenue surged 149% from the prior year, signaling strong growth momentum. The organization ran a surplus of $71K, a strong 21% operating margin.

Mission

TO PROMOTE THE SOCIAL AND GENERAL WELFARE OF ALPENA COUNTY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $257,127

Program Service Revenue $30,039

Investment Income $38,756

Other Revenue $5,000

TOTAL REVENUE $330,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,513

Fundraising Expenses $1,405

Program Expenses $215,151

Other Expenses $130,356

TOTAL EXPENSES $259,869

Year-over-Year Comparison

	2023	2022	Change
Revenue	$330,922	$132,955	+1.5%
Expenses	$259,869	$97,275	+1.7%
Net Income	$71,053	$35,680	+1.0%

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

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
TODD BRITTON	BOARD MEMBER	2.00	Director	$0	$0	$0
COREY CANUTE	BOARD MEMBER	2.00	Director	$0	$0	$0
KEN DRAGIEWICZ	BOARD MEMBER	2.00	Director	$0	$0	$0
ANNE GENTRY	PRESIDENT	2.00	Director	$0	$0	$0
DON MACMASTER	PAST PRESIDE	2.00	Director	$0	$0	$0
MICHAEL NOWAK	BOARD MEMBER	2.00	Director	$0	$0	$0
JESSE OSMER	BOARD MEMBER	2.00	Director	$0	$0	$0
SCOTT PAULY	BOARD MEMBER	2.00	Director	$0	$0	$0
NATHAN SKIBBE	PAST PRESIDE	2.00	Director	$0	$0	$0
MARTY THOMSON	BOARD MEMBER	2.00	Director	$0	$0	$0
DENNIS WERNER	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVE WILSON	BOARD MEMBER	2.00	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
2024	No data	No data	No data	No data
2023	$330,922	$259,869	$1,193,333	$71,053
2022	$132,955	$97,275	$1,365,489	$35,680
2021	$199,392	$144,934	$1,319,394	$54,458
2020	$3,920,313	$3,884,256	$1,349,782	$36,057
2019	$153,423	$105,376	$1,310,394	$48,047
2018	$117,608	$109,440	$1,277,455	$8,168

TARGET ALPENA DEVELOPMENT CORPORATION