MORNING SUN DEVELOPMENT CORP (EIN 421279953) - 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

1986

Legal Domicile

Principal Officer

DAVID PIERCE

Phone

3198686722

Tax Period

2025-01-01 to 2025-12-31

MORNING SUN DEVELOPMENT CORP, founded in 1986, is a micro nonprofit in the Community Improvement sector that reported $27K in total revenue in fiscal year 2025. Revenue decreased 7% compared to the prior year. Expenses of $52K exceeded revenue, resulting in a 93% operating deficit.

Mission

THE MISSION OF THE MORNING SUN DEVELOPMENT CORP IS TO SUPPORT INITIATIVES THAT HELP DEVELOP, MAINTAIN, AND PROMOTE THE COMMUNITY OF MORNING SUN, IOWA AS AN ATTRACTIVE PLACE TO LIVE, WORK AND DO BUSINESS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $6,494

Program Service Revenue $20,344

Investment Income $64

Other Revenue $0

TOTAL REVENUE $26,902

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $48,586

Other Expenses $51,980

TOTAL EXPENSES $51,980

Year-over-Year Comparison

	2025	2024	Change
Revenue	$26,902	$28,967	-0.1%
Expenses	$51,980	$55,823	-0.1%
Net Income	$-25,078	$-26,856	-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

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
DAVID PIERCE	PRESIDENT	1.00	Officer Director	$0	$0	$0
PATRICIA SCHAEFER	DIRECTOR	1.00	Director	$0	$0	$0
MARY ZOECKLER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CONNIE MALONE	DIRECTOR	1.00	Director	$0	$0	$0
PAT THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
TOM BRYANT	DIRECTOR	1.00	Director	$0	$0	$0
SUE BRYANT	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
SANDY MCELHINNEY	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	$26,902	$51,980	$741,754	$-25,078
2024	$28,967	$55,823	$766,832	$-26,856
2023	$24,729	$44,177	$793,688	$-19,448
2022	$19,728	$44,069	$813,136	$-24,341
2021	$99,508	$81,200	$837,477	$18,308
2020	$18,541	$50,090	$822,625	$-31,549

MORNING SUN DEVELOPMENT CORP