DICKINSON COUNTY INDUSTRIAL DEVELOPMENT CORPORATION (EIN 386091511) - 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

1956

Principal Officer

LEE LOFSTROM

Phone

9067744051

Tax Period

2024-10-01 to 2025-09-30

DICKINSON COUNTY INDUSTRIAL DEVELOPMENT CORPORATION, founded in 1956, is a micro nonprofit that reported $21K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4K, a strong 22% operating margin.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT IN DICKINSON 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $20,592

Other Revenue $0

TOTAL REVENUE $20,592

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $854

Other Expenses $16,151

TOTAL EXPENSES $16,151

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,592	$26,834	-0.2%
Expenses	$16,151	$16,998	0.0%
Net Income	$4,441	$9,836	-0.5%

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
LEE LOFSTROM	PRESIDENT	N/A	Officer	$0	$0	$0
STEVE VERRETTE	VICE PRESIDE	N/A	Officer	$0	$0	$0
SUZANNE LARSON	SECRETARY	N/A	Officer	$0	$0	$0
LISA FITTANTE	TREASURER	N/A	Officer	$0	$0	$0
RUSS KASSIN	DIRECTOR	N/A	Director	$0	$0	$0
TOM ANDES	DIRECTOR	N/A	Director	$0	$0	$0
BENJAMIN WOOD	DIRECTOR	N/A	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
2025	$20,592	$16,151	$644,118	$4,441
2024	$26,834	$16,998	$641,876	$9,836
2023	$22,040	$16,113	$624,433	$5,927
2022	$17,663	$15,384	$620,876	$2,279
2021	$5,418	$280	$618,597	$5,138
2020	$11,558	$32,048	$613,459	$-20,490
2019	$10,498	$225	$633,949	$10,273

DICKINSON COUNTY INDUSTRIAL DEVELOPMENT CORPORATION