Hope Development Corporation Inc (EIN 420405053) - 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

1987

Legal Domicile

Principal Officer

Dawn Flaten

Tax Period

2023-01-01 to 2023-12-31

Hope Development Corporation Inc, founded in 1987, is a small nonprofit that reported $104K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Net assets of $1.0M represent 116 months of operating reserves.

Mission

To provide assistance to new and/or expanding businesses and industries in and around the City of Hope, ND. Assistance could take the form of loans, incubator facilities, rental subsidies or real estate tax abatements.

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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 $53,726

Program Service Revenue $0

Investment Income $9,274

Other Revenue $40,615

TOTAL REVENUE $103,615

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $84,681

Other Expenses $108,671

TOTAL EXPENSES $108,671

Year-over-Year Comparison

	2023	2022	Change
Revenue	$103,615	$131,723	-0.2%
Expenses	$108,671	$136,211	-0.2%
Net Income	$-5,056	$-4,488	+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
Kevin McCullough	President	008.00	Officer Director	$0	$0	$0
Keith Ihry	Vice-President	003.00	Officer Director	$0	$0	$0
Dawn Flaten	Treasurer	010.00	Officer Director	$0	$0	$0
Scott Erickson	Board Member	002.00	Director	$0	$0	$0
Kent Ihry	Board Member	002.00	Director	$0	$0	$0
Amber Amundson	Secretary	002.00	Officer Director	$0	$0	$0
Peggy Ihry	Board Member	002.00	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
2024	No data	No data	No data	No data
2023	$103,615	$108,671	$1,643,366	$-5,056
2022	$131,723	$136,211	$1,656,704	$-4,488
2021	$143,436	$94,250	$1,781,298	$49,186
2020	$151,682	$101,830	$1,779,692	$49,852
2019	$157,568	$106,625	$1,860,097	$50,943
2018	$177,253	$109,442	$1,861,756	$67,811

Hope Development Corporation Inc