DEVELOPMENT CORPORATION OF GREATER FORT DODGE (EIN 421123918) - 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

1970

Legal Domicile

Principal Officer

MICHAEL MCCARVILLE

Phone

5159555500

Tax Period

2023-01-01 to 2023-12-31

DEVELOPMENT CORPORATION OF GREATER FORT DODGE, founded in 1970, is a micro nonprofit that reported $15K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $36K exceeded revenue, resulting in a 133% operating deficit.

Mission

THE ORGANIZATION'S PURPOSE IS SLUM AN BLIGH REMOVAL. THEY PURCHAE PROPERTIES AND TEAR DOWN BUILDINGS. ALSO THE ORGANIZATION WILL LOAN BUSINESS OWNERS MONEY FOR RENOVATIONS.

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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 $0

Program Service Revenue $0

Investment Income $15,462

Other Revenue $0

TOTAL REVENUE $15,462

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $26,073

Other Expenses $36,073

TOTAL EXPENSES $36,073

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,462	$17,298	-0.1%
Expenses	$36,073	$32,670	+0.1%
Net Income	$-20,611	$-15,372	+0.3%

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
MICHAEL MCCARVILLE	PRESIDENT	1.00	Officer	$0	$0	$0
DENNIS PLAUTZ	VICE PRESIDE	1.00	Officer	$0	$0	$0
ROSS NEMITZ	SECRETARY/TR	1.00	Officer	$0	$0	$0
MATT DUTCHER	DIRECTOR	1.00	Director	$0	$0	$0
PAT LEITING	DIRECTOR	1.00	Director	$0	$0	$0
NICK COCHRANE	DIRECTOR	1.00	Director	$0	$0	$0
TERRY ALLERS	DIRECTOR	1.00	Director	$0	$0	$0
MARY KAY DANIEL	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN MOORE	DIRECTOR	1.00	Director	$0	$0	$0
KRAIG BARBER	DIRECTOR	1.00	Director	$0	$0	$0
ANDY REED	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
2024	No data	No data	No data	No data
2023	$15,462	$36,073	$1,405,789	$-20,611
2022	$17,298	$32,670	$1,426,400	$-15,372
2021	$36,782	$42,029	$1,441,772	$-5,247
2020	$88,794	$81,985	$1,447,019	$6,809
2019	$155,663	$124,774	$1,440,210	$30,889
2018	$23,761	$46,902	$1,409,321	$-23,141

DEVELOPMENT CORPORATION OF GREATER FORT DODGE