HERMAN DEVELOPMENT CORPORATION (EIN 411471126) - 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

1970

Legal Domicile

Principal Officer

NICK RIPPERGER

Phone

3207603323

Tax Period

2021-01-01 to 2021-12-31

HERMAN DEVELOPMENT CORPORATION, founded in 1970, is a small nonprofit that reported $111K in total revenue in fiscal year 2021. The organization ran a surplus of $88K, a strong 79% operating margin.

Mission

TO PROMOTE COMMUNITY DEVELOPMENT FOR THE CITY OF HERMAN AND THE SURROUNDING COMMUNITIES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $87,200

Program Service Revenue $0

Investment Income $266

Other Revenue $23,223

TOTAL REVENUE $110,689

Expense Breakdown

Grants Paid $5,575

Salaries & Benefits $1,475

Fundraising Expenses $13,595

Program Expenses $9,074

Other Expenses $15,944

TOTAL EXPENSES $22,994

Year-over-Year Comparison

	2021	2020	Change
Revenue	$110,689	N/A	N/A
Expenses	$22,994	N/A	N/A
Net Income	$87,695	N/A	N/A

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
JOE BLUME	DIRECTOR	0.50	Officer Director	$0	$0	$0
CINDY DAHLEN	DIRECTOR	1.00	Officer Director	$0	$0	$0
DANIEL ELLISON	TREASURER	1.00	Officer Director	$0	$0	$0
DAVE HORNING	DIRECTOR	0.50	Officer Director	$0	$0	$0
KAY JOHNSON	SECRETARY	0.50	Officer Director	$0	$0	$0
RANDY LARSON	VICE PRESIDE	0.25	Officer Director	$0	$0	$0
NICK RIPPERGER	PRESIDENT	2.00	Officer 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
2021	$110,689	$22,994	$31,953	$87,695

HERMAN DEVELOPMENT CORPORATION