PLAINVIEW AREA DEV CORPORATION

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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

1984

Legal Domicile

Principal Officer

RICHARD ZABEL

Phone

5075343137

Tax Period

2022-01-01 to 2022-12-31

PLAINVIEW AREA DEV CORPORATION, founded in 1984, is a micro nonprofit in the Community Improvement sector that reported $11K in total revenue in fiscal year 2022. Revenue surged 621% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10K, a strong 97% operating margin.

Mission

TO PROVIDE THE CONSISTENT, MANAGED, PRIVATE LEADERSHIP THAT WILL CREATE ECONOMIC OPPORTUNITIES FOR EXISTING BUSINESSES AND PROVIDE THE RESOURCES AND CAPABILITIES TO ATTRACT NEW BUSINESSES, HOUSING EXPANSION AND BUSINESS SECTORS TO THE AREA.

Program Service Accomplishments

Program 1

TO INCREASE EMPLOYMENT AND ALLEVIATE UNEMPLOYMENT IN AND AROUND PLAINVIEW, MINNESOTA BY THE ENCOURAGEMENT OF THE LOCATION OF BUSINESS ENTITIES IN THE AREA WHICH WILL EMPLOY LOCAL RESIDENTS.

Program 2

TO COOPERATE WITH AND AID OTHER CORPORATIONS, SOCIETIES, AND ASSOCIATIONS ORGANIZED AND OPERATED FOR THE PROMOTIN OF CIVIC PURPOSES, COMMUNITY WELFARE, GENERAL WELFARE AND SOCIAL WELFARE IN AND...

TO COOPERATE WITH AND AID OTHER CORPORATIONS, SOCIETIES, AND ASSOCIATIONS ORGANIZED AND OPERATED FOR THE PROMOTIN OF CIVIC PURPOSES, COMMUNITY WELFARE, GENERAL WELFARE AND SOCIAL WELFARE IN AND AROUND PLAINVIEW, MINNESOTA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $9,100

Program Service Revenue $0

Investment Income $1,485

Other Revenue $0

TOTAL REVENUE $10,585

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $361

TOTAL EXPENSES $361

Year-over-Year Comparison

	2022	2021	Change
Revenue	$10,585	$1,469	+6.2%
Expenses	$361	$1,278	-0.7%
Net Income	$10,224	$191	+52.5%

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
CASSIE HARRINGTON	DIRECTOR	N/A	Director	$0	$0	$0
GREG SPEEDLING	DIRECTOR	N/A	Director	$0	$0	$0
TOM WEINER	DIRECTOR	N/A	Director	$0	$0	$0
BRENT WOLHERS	DIRECTOR	N/A	Director	$0	$0	$0
JOLENE HARVEY	TREASURER	N/A	Officer	$0	$0	$0
JAY HOLST	SECRETARY	N/A	Officer	$0	$0	$0
GARY TIMM	VICE-PRESIDE	N/A	Officer	$0	$0	$0
RICHARD ZABEL	PRESIDENT	N/A	Officer	$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
2022	$10,585	$361	$548,886	$10,224
2021	$1,469	$1,278	$538,662	$191
2020	$184,860	$212	$538,471	$184,648
2019	$35,527	$2,150	$353,823	$33,377
2018	$22,927	$24,346	$320,446	$-1,419