MEEKER COUNTY DEVELOPMENT CORP (EIN 411777694) - 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

1993

Legal Domicile

Principal Officer

BRENT BENGTSON

Phone

3206935272

Tax Period

2024-01-01 to 2024-12-31

MEEKER COUNTY DEVELOPMENT CORP, founded in 1993, is a micro nonprofit in the Community Improvement sector that reported $7K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $27K exceeded revenue, resulting in a 268% operating deficit.

Mission

ECONOMIC DEVELOPMENT IN MEEKER COUNTY

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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 $4,039

Investment Income $2,736

Other Revenue $505

TOTAL REVENUE $7,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,195

Other Expenses $26,756

TOTAL EXPENSES $26,756

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,280	$13,150	-0.4%
Expenses	$26,756	$26,859	0.0%
Net Income	$-19,476	$-13,709	+0.4%

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

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
BRENT BENGTSON	TREASURER	N/A	Officer Director	$0	$0	$0
TERRI BOESE	DIRECTOR	N/A	Director	$0	$0	$0
KIM DOLAN	DIRECTOR	N/A	Director	$0	$0	$0
JOE KUECHLE	DIRECTOR	N/A	Director	$0	$0	$0
JASON MCCOY	DIRECTOR	N/A	Director	$0	$0	$0
DANNY SCHIEFELBEIN	DIRECTOR	N/A	Director	$0	$0	$0
LORLANE BUTCH SCHMELING	DIRECTOR	N/A	Director	$0	$0	$0
STEVE SCHMITT	PRESIDENT	N/A	Officer Director	$0	$0	$0
MARK SMITH	DIRECTOR	N/A	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
2024	$7,280	$26,756	$559,643	$-19,476
2023	$13,150	$26,859	$640,409	$-13,709
2022	$11,912	$16,771	$670,223	$-4,859
2021	$15,850	$17,096	$685,146	$-1,246
2020	$14,256	$16,578	$710,074	$-2,322
2019	$18,757	$16,285	$739,591	$2,472
2018	$15,748	$21,063	$754,507	$-5,315

MEEKER COUNTY DEVELOPMENT CORP