THE DEVELOPMENT ASSOCIATION INC (EIN 390983723) - 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

1960

Legal Domicile

Principal Officer

JAMES CAESAR

Phone

7153924749

Tax Period

2024-01-01 to 2024-12-31

THE DEVELOPMENT ASSOCIATION INC, founded in 1960, is a small nonprofit that reported $313K in total revenue in fiscal year 2024. Expenses of $275K left a modest 12% surplus.

Mission

TO RETAIN, EXPAND, AND CREATE NEW BUSINESS AND INDUSTRY IN SUPERIOR AND DOUGLAS 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 $292,535

Program Service Revenue $17,896

Investment Income $2,378

Other Revenue $62

TOTAL REVENUE $312,871

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,000

Fundraising Expenses $0

Other Expenses $198,059

TOTAL EXPENSES $275,059

Year-over-Year Comparison

	2024	2023	Change
Revenue	$312,871	$295,295	+0.1%
Expenses	$275,059	$276,694	0.0%
Net Income	$37,812	$18,601	+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

$77,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL HOLT	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALAN JAQUES	VICE-PRESIDE	1.00	Officer Director	$0	$0	$0
CHARLIE GLAZMAN	TREASURER	1.00	Officer Director	$0	$0	$0
KELLY PETERSON	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK CASPER	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN HOLM	BOARD MEMBER	1.00	Director	$0	$0	$0
KIRL ILENDA	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF PAPINEAU	BOARD MEMBER	1.00	Director	$0	$0	$0
BRAD THEIEN	BOARD MEMBER	1.00	Director	$0	$0	$0
RENEE WACHTER	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDSEY GRASKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTY OLSON	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM FENNESSEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES CAESAR	EXECUTIVE DI	40.00	Officer	$77,000	$0	$77,000

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	$312,871	$275,059	$727,660	$37,812
2023	$295,295	$276,694	$689,848	$18,601
2022	$267,440	$256,177	$671,247	$11,263
2021	$230,222	$150,694	$659,984	$79,528
2020	$214,380	$135,936	$581,056	$78,444
2019	$232,107	$191,358	$561,381	$40,749
2018	$237,983	$126,504	$520,632	$111,479

THE DEVELOPMENT ASSOCIATION INC