TWIN CITIES-METRO CERTIFIED DEVELOPMENT (EIN 411672450) - 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

1990

Legal Domicile

Principal Officer

PETER D INGEBRAND

Phone

6514818081

Tax Period

2024-10-01 to 2025-09-30

TWIN CITIES-METRO CERTIFIED DEVELOPMENT, founded in 1990, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

ADMINISTER SBA 504 LOAN PROGRAM WITHIN MINNESOTA AND WESTERN WISCONSIN.

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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 $3,752,084

Investment Income $172,558

Other Revenue $13,694

TOTAL REVENUE $3,938,336

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $3,174,870

Fundraising Expenses $0

Program Expenses $3,328,951

Other Expenses $685,183

TOTAL EXPENSES $3,960,053

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,938,336	$3,600,147	+0.1%
Expenses	$3,960,053	$3,682,503	+0.1%
Net Income	$-21,717	$-82,356	-0.7%

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

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

$590,974

Total Directors

$37,125

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETE INGEBRAND	PRESIDENT	45.00	Officer	$290,411	$40,523	$330,934
PAUL LAMBERT - SECRETARY	SENIOR VICE PRESIDENT	45.00	Officer	$210,638	$38,692	$249,330
JIM LOUWAGIE	BOARD MEMBER/CHAIR	2.50	Officer Director	$5,835	$0	$5,835
KEVIN MAAS - BOARD MEMBER	TREASURER/SECRETARY	2.50	Officer Director	$4,875	$0	$4,875
BRAD BENESH	BOARD MEMBER	1.50	Director	$1,840	$0	$1,840
MIKE BRASS	BOARD MEMBER	1.50	Director	$1,665	$0	$1,665
KATE CROW	BOARD MEMBER	1.50	Director	$0	$0	$0
JONATHAN DOLPHIN	BOARD MEMBER	1.50	Director	$3,480	$0	$3,480
DEBORAH MALMBERG SMITH	BOARD MEMBER	1.50	Director	$0	$0	$0
ROYCE NELLIGAN	BOARD MEMBER	2.50	Director	$3,515	$0	$3,515
SHELLEY PETERSON	BOARD MEMBER	1.50	Director	$1,805	$0	$1,805
STEVE POWELL	BOARD MEMBER	1.50	Director	$1,735	$0	$1,735
MIKE SCHOLL	BOARD MEMBER	1.50	Director	$1,770	$0	$1,770
LEVI SMITH	BOARD MEMBER	1.50	Director	$2,050	$0	$2,050
BRYAN TOFT	BOARD MEMBER	1.50	Director	$1,665	$0	$1,665
DAVID WASMUTH	BOARD MEMBER	2.50	Director	$3,620	$0	$3,620
DENNIS WELCH	BOARD MEMBER	2.50	Director	$3,270	$0	$3,270
DEBORAH GUSTAFSON - SENIOR	LENDER/SENIOR VICE PRESIDENT	45.00	Highest	$265,345	$44,352	$309,697
SHEIL NELSON	SENIOR LENDER	45.00	Highest	$223,887	$46,682	$270,569
MICHAEL KINNINGER	LOAN OFFICER	45.00	Highest	$166,952	$26,609	$193,561
MELISSA MILLER	LOAN OFFICER	45.00	Highest	$153,987	$6,704	$160,691
MICHAEL KINDERMAN	LOAN OFFICER	45.00	Highest	$147,826	$15,679	$163,505

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	$3,938,336	$3,960,053	$7,493,854	$-21,717
2024	$3,600,147	$3,682,503	$7,429,184	$-82,356
2023	$3,331,044	$3,585,188	$7,320,907	$-254,144
2022	$3,463,785	$3,232,304	$7,176,468	$231,481
2021	$3,126,535	$2,904,521	$6,544,135	$222,014
2020	$3,357,156	$3,007,587	$5,904,729	$349,569
2019	$3,074,278	$2,864,591	$5,607,845	$209,687
2018	$2,670,362	$2,616,746	$5,181,648	$53,616

TWIN CITIES-METRO CERTIFIED DEVELOPMENT