ELDON DEVELOPMENT CORPORATION (EIN 421049442) - 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

1975

Legal Domicile

Principal Officer

Patty Durflinger

Phone

5152952927

Tax Period

2024-01-01 to 2024-12-31

ELDON DEVELOPMENT CORPORATION, founded in 1975, is a small nonprofit that reported $200K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $188K left a modest 6% surplus.

Mission

To provide low rent housing in Eldon, Iowa.

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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 $200,244

Investment Income $63

Other Revenue $0

TOTAL REVENUE $200,307

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,775

Fundraising Expenses $0

Program Expenses $188,007

Other Expenses $176,232

TOTAL EXPENSES $188,007

Year-over-Year Comparison

	2024	2023	Change
Revenue	$200,307	$179,287	+0.1%
Expenses	$188,007	$154,783	+0.2%
Net Income	$12,300	$24,504	-0.5%

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	Role	Reportable Comp	Other Comp	Total
Patty Durflinger	President	Officer Director	$0	$0	$0
Mary Ellen Creech	Vice President	Officer Director	$0	$0	$0
Winnie Albert	Secretary/Treasurer	Officer Director	$0	$0	$0
Kathy Solverson	Director	Director	$0	$0	$0
Mary Campbell	Director	Director	$0	$0	$0
Alana Rogers	Director	Director	$0	$0	$0
Carrie Tenity	Director	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	$200,307	$188,007	$352,508	$12,300
2020	$174,417	$166,560	$268,604	$7,857
2019	$156,690	$228,399	$261,813	$-71,709
2018	$212,725	$189,086	$335,668	$23,639

ELDON DEVELOPMENT CORPORATION