CENTRAL MINNESOTA DEVELOPMENT COMPANY (EIN 411345544) - 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

1978

Legal Domicile

Principal Officer

TIM WALKER

Phone

7637843337

Tax Period

2024-10-01 to 2025-09-30

CENTRAL MINNESOTA DEVELOPMENT COMPANY, founded in 1978, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 7% surplus.

Mission

TO PROCESS AND MONITOR SBA LOAN PROGRAMS.

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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 $1,320,055

Investment Income $108,968

Other Revenue $-25,973

TOTAL REVENUE $1,403,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,054,028

Fundraising Expenses $0

Other Expenses $254,774

TOTAL EXPENSES $1,308,802

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,403,050	$1,271,694	+0.1%
Expenses	$1,308,802	$1,148,535	+0.1%
Net Income	$94,248	$123,159	-0.2%

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

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

$205,292

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE PETERSON	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JULIE LUX	SECRETARY	2.00	Officer Director	$0	$0	$0
ERIK HEGG	TREASURER	2.00	Officer Director	$0	$0	$0
DAVID RYMANOWSKI	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
MARTY FISHER	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN KALINA	DIRECTOR	2.00	Director	$0	$0	$0
MAUREEN STEINWALL	DIRECTOR	2.00	Director	$0	$0	$0
CLARK ARNESON	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE COSTELLO	DIRECTOR	2.00	Director	$0	$0	$0
LARRY CRANE	DIRECTOR	2.00	Director	$0	$0	$0
DEAN SUCHY	DIRECTOR	2.00	Director	$0	$0	$0
SEAN SULLIVAN	DIRECTOR	2.00	Director	$0	$0	$0
PERRY RASSLER	DIRECTOR	2.00	Director	$0	$0	$0
KRAIG KLIBER	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS RANDALL	DIRECTOR	2.00	Director	$0	$0	$0
TIM WALKER	EXECUTIVE DIRECTOR	40.00	Officer	$179,321	$25,971	$205,292

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	$1,403,050	$1,308,802	$3,431,925	$94,248
2024	$1,271,694	$1,148,535	$3,012,170	$123,159
2023	$1,198,809	$967,894	$3,077,135	$230,915
2022	$999,166	$1,105,515	$3,109,444	$-106,349
2021	$1,226,562	$1,147,813	$3,772,232	$78,749
2020	$1,222,494	$1,109,454	$3,544,546	$113,040
2019	$865,883	$734,202	$2,951,679	$131,681
2018	$831,035	$875,541	$2,803,351	$-44,506

CENTRAL MINNESOTA DEVELOPMENT COMPANY