BEMIDJI DEVELOPMENT CORPORATION (EIN 416027208) - 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

1962

Legal Domicile

Principal Officer

JIM NAYLOR

Phone

2183338665

Tax Period

2024-08-01 to 2025-07-31

BEMIDJI DEVELOPMENT CORPORATION, founded in 1962, is a micro nonprofit that reported $64K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $55K, a strong 87% operating margin.

Mission

INDUSTRIAL DEVELOPMENT IN THE CITY OF BEMIDJI.

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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 $0

Investment Income $64,016

Other Revenue $0

TOTAL REVENUE $64,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $8,602

TOTAL EXPENSES $8,602

Year-over-Year Comparison

	2024	2023	Change
Revenue	$64,016	$68,006	-0.1%
Expenses	$8,602	$9,642	-0.1%
Net Income	$55,414	$58,364	-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

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
DAVE LANDGREBE	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM NAYLOR	VICE PRES/SEC	1.00	Officer Director	$0	$0	$0
MARK DICKINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE KARVAKKO	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL BATCHELDER	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN WELLE	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEITH JOHANNESON	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN BAER	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE HOLLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM SCHWARTZ	TREASURER	1.00	Officer Director	$0	$0	$0
JOE DUNN	BOARD MEMBER	1.00	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
2025	$64,016	$8,602	$2,036,955	$55,414
2024	$68,006	$9,642	$1,981,541	$58,364
2023	$16,539	$8,216	$1,923,177	$8,323
2022	$10,370	$8,085	$1,914,854	$2,285
2021	$17,554	$7,863	$1,912,569	$9,691
2020	$23,420	$14,131	$1,902,878	$9,289

BEMIDJI DEVELOPMENT CORPORATION