CHARLES CITY AREA DEVELOPMENT CORP (EIN 421083937) - 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

1973

Legal Domicile

Principal Officer

RON LITTERER

Phone

6412283020

Tax Period

2023-07-01 to 2024-06-30

CHARLES CITY AREA DEVELOPMENT CORP, founded in 1973, is a small nonprofit that reported $243K in total revenue in fiscal year 2023. Expenses of $298K exceeded revenue, resulting in a 23% operating deficit.

Mission

THE CHARLES CITY AREA DEVELOPMENT CORPORATION WILL ENDEAVOR TO CREATE INCOME AND WEALTH IN THE COMMUNITY THROUGH THE DEVELOPMENT AND RETENTION OF QUALITY JOBS THIS YEAR

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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 $207,932

Program Service Revenue $4,734

Investment Income $6,086

Other Revenue $24,308

TOTAL REVENUE $243,060

Expense Breakdown

Grants Paid $0

Salaries & Benefits $181,909

Fundraising Expenses $0

Program Expenses $298,302

Other Expenses $116,393

TOTAL EXPENSES $298,302

Year-over-Year Comparison

	2023	2022	Change
Revenue	$243,060	$247,131	0.0%
Expenses	$298,302	$298,397	0.0%
Net Income	$-55,242	$-51,266	+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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGAN ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
DEAN ANDREWS	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY BAHE	DIRECTOR	1.00	Director	$0	$0	$0
BECKY BOERSCHEL	DIRECTOR	1.00	Director	$0	$0	$0
TAMMY ELTHON	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRIS GARDEN	DIRECTOR	1.00	Director	$0	$0	$0
SARAH GEORGE	TREASURER	2.00	Officer Director	$0	$0	$0
RANDY HEITZ	VICE-PRESIDE	2.00	Director	$0	$0	$0
KURT HERBRECHTSMEYER	DIRECTOR	1.00	Director	$0	$0	$0
MARK KUHN	DIRECTOR	1.00	Director	$0	$0	$0
BILL KYLE	DIRECTOR	1.00	Director	$0	$0	$0
RON LITTERER	PAST-PRESIDE	2.00	Officer Director	$0	$0	$0
SCOTT MELLIERE	PRESIDENT	2.00	Officer Director	$0	$0	$0
TREVIS O'CONNELL	DIRECTOR	1.00	Director	$0	$0	$0
JOHN OTT	DIRECTOR	1.00	Director	$0	$0	$0
SEAN PITKIN	DIRECTOR	1.00	Director	$0	$0	$0
CATHY ROTTINGHAUS	DIRECTOR	1.00	Director	$0	$0	$0
PAUL ROTTINGHAUS	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK SOUDER	DIRECTOR	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	No data	No data	No data	No data
2024	$243,060	$298,302	$2,974,909	$-55,242
2023	$247,131	$298,397	$3,032,701	$-51,266
2022	$254,975	$348,066	$3,080,627	$-93,091
2021	$500,222	$451,338	$3,202,436	$48,884
2020	$2,647,261	$512,493	$3,125,446	$2,134,768
2019	$496,873	$555,301	$991,262	$-58,428

CHARLES CITY AREA DEVELOPMENT CORP