SOUTHEASTERN MINNESOTA 504 DEVELOPMENT INC (EIN 411678990) - 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

DANIEL VLASAK

Phone

5072886442

Tax Period

2023-01-01 to 2023-12-31

SOUTHEASTERN MINNESOTA 504 DEVELOPMENT INC, founded in 1990, is a small nonprofit that reported $615K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $98K, a strong 16% operating margin.

Mission

ASSIST SMALL BUSINESSES TO SECURE GOVERNMENT FINANCING FOR THE PURCHASE OF LAND, BUILDINGS, AND EQUIPMENT WHICH WILL CREATE AND/OR RETAIN JOBS IN MINNESOTA AND IN 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $496,400

Investment Income $118,652

Other Revenue $0

TOTAL REVENUE $615,052

Expense Breakdown

Grants Paid $0

Salaries & Benefits $378,523

Fundraising Expenses $0

Other Expenses $138,891

TOTAL EXPENSES $517,414

Year-over-Year Comparison

	2023	2022	Change
Revenue	$615,052	$649,867	-0.1%
Expenses	$517,414	$538,484	0.0%
Net Income	$97,638	$111,383	-0.1%

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

$153,249

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL VLASAK	PRESIDENT	2.00	Officer Director	$0	$0	$0
LUANN VANDERWERF	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
AARON CASTERTON	TREASURER	2.00	Officer Director	$0	$0	$0
RICHARD WEGNER	SECRETARY	2.00	Officer Director	$0	$0	$0
TIM CLAWSON	DIRECTOR	2.00	Director	$0	$0	$0
RON ZIEGLER	DIRECTOR	2.00	Director	$0	$0	$0
MARK MONSON	DIRECTOR	2.00	Director	$0	$0	$0
DESIREE STROM	DIRECTOR	2.00	Director	$0	$0	$0
DIANE LEWIS	DIRECTOR	2.00	Director	$0	$0	$0
GARY TIMM	DIRECTOR	2.00	Director	$0	$0	$0
WENDELL SANDE	DIRECTOR	2.00	Director	$0	$0	$0
CHAD ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
KYLE BENISH	DIRECTOR	2.00	Director	$0	$0	$0
DWAYNE LEE	DIRECTOR OF	40.00	Officer	$148,200	$5,049	$153,249

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	No data	No data	No data	No data
2023	$615,052	$517,414	$1,451,435	$97,638
2022	$649,867	$538,484	$1,378,886	$111,383
2021	$776,358	$594,221	$1,356,172	$182,137
2020	$625,589	$563,358	$1,141,843	$62,231
2019	$498,926	$459,938	$1,027,579	$38,988
2018	$456,103	$459,002	$940,681	$-2,899

SOUTHEASTERN MINNESOTA 504 DEVELOPMENT INC