DURANT DEVELOPMENT CORPORATION (EIN 421324829) - 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

1988

Legal Domicile

Principal Officer

MICHAEL R HEIN

Phone

5637854441

Tax Period

2025-01-01 to 2025-12-31

DURANT DEVELOPMENT CORPORATION, founded in 1988, is a micro nonprofit that reported $14K in total revenue in fiscal year 2025. Revenue fell 72% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $13K, a strong 93% operating margin.

Mission

THE DURANT DEVELOPMENT CORPORATION WAS ESTABLISHED WITH THE PURPOSE TO ENCOURAGE, ASSIST, MAINTAIN, AND DEVELOP IN AND FOR THE CITY OF DURANT AND SURROUNDING AREA, INDUSTRIAL AND BUSINESS PROJECTS OF SUCH CHARACTER AS WILL ENLARGE EMPLOYMENT OPPORTUNITIES AND AID THE GROWTH AND DEVELOPMENT OF THE CITY OF DURANT AND THE SURROUNDING AREA. THE ORGANIZATION DOES THIS THROUGH THE FOLLOWING ACTIVITIES: 1. RESEARCHING AND LOCATING DESIRABLE NEW BUSINESSES FOR ESTABLISHMENT AND DEVELOPMENT IN DURANT. PRESENTING OUR COMMUNITY AS A GOOD PLACE FOR THE COMPANIES TO LOCATE OR EXPAND. WE ACCOMPLISH THIS BY GATHERING INFORMATION ABOUT INFRASTRUCTURE, SITE AVAILABILITY AND PRICING, COMPARATIVE WAGE SCALES AND SIMILAR FACTS ABOUT OUR COMMUNITY TO PRESENT TO DEVELOPMENT PROSPECTS. THIS WORK IS DONE BY VOLUNTEER BOARD MEMBERS. 2. ATTEMPTING TO BRING AVAILABLE LAND UNDER CONTROL SO WE CAN MARKET THE LAND TO PROSPECTS AT AN ATTRACTIVE PRICE. WE ACCOMPLISH THIS BY RESEARCHING AVAILABLE LAND, AND NEGOTIATING

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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 $16,000

Program Service Revenue $6,300

Investment Income $215

Other Revenue $-8,470

TOTAL REVENUE $14,045

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $85

Other Expenses $938

TOTAL EXPENSES $938

Year-over-Year Comparison

	2025	2024	Change
Revenue	$14,045	$50,779	-0.7%
Expenses	$938	$1,615	-0.4%
Net Income	$13,107	$49,164	-0.7%

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
DAN ALPEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
TOM COMPTON	DIRECTOR	1.00	Director	$0	$0	$0
DELMAR FRICK	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL R HEIN	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
GARY PAPER	DIRECTOR	1.00	Director	$0	$0	$0
BRAD WITT	VICE PRESIDE	1.00	Officer 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	$14,045	$938	$1,294,236	$13,107
2024	No data	No data	No data	No data
2023	$29,428	$1,612	$696,665	$27,816
2022	$37,416	$3,738	$668,849	$33,678
2021	$44,243	$2,844	$635,171	$41,399
2020	$90,760	$3,466	$593,772	$87,294
2019	$6,374	$2,462	$506,478	$3,912
2018	$7,266	$2,663	$502,566	$4,603

DURANT DEVELOPMENT CORPORATION