HOSPERS AREA DEVELOPMENT CORP

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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

ORVILLE J VAN ROEKEL

Phone

7127528111

Tax Period

2024-01-01 to 2024-12-31

HOSPERS AREA DEVELOPMENT CORP, founded in 1988, is a micro nonprofit that reported $83K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $105K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROVIDE THE COMMUNITY OF HOSPERS AND SURROUNDING AREA ACCESS TO A LOCAL DIALYSIS CENTER AND TO FURTHER ECONOMIC DEVELOPMENT OF THE CITY OF HOSPERS BOTH WITHIN THE BOUNDARIES OF THE MUNICIPAL CORPORATION AND AREAS ADJACENT THERETO.

Program Service Accomplishments

Program 1

Expenses: $103,117 Revenue: $82,200

PROMOTE AND ASSIST IN COMMUNITY DEVELOPMENT THROUGH THE RENTAL OF A MEDICAL CLINIC & DIALYSIS CENTER.

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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 $82,200

Investment Income $746

Other Revenue $0

TOTAL REVENUE $82,946

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $103,117

Other Expenses $54,592

TOTAL EXPENSES $104,592

Year-over-Year Comparison

	2024	2023	Change
Revenue	$82,946	$92,010	-0.1%
Expenses	$104,592	$54,816	+0.9%
Net Income	$-21,646	$37,194	-1.6%

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
DANNIE DYKSTRA	TREASURER/SE	0.25	Officer Director	$0	$0	$0
MICHAEL THOMPSON	VICE PRESIDE	0.25	Officer Director	$0	$0	$0
ORVILLE J VAN ROEKEL	PRESIDENT	0.25	Officer Director	$0	$0	$0
ARNOLD VANDER WILT	DIRECTOR	0.25	Director	$0	$0	$0
MARK FALKENA	DIRECTOR	0.25	Director	$0	$0	$0
SARAH OTTO	DIRECTOR	0.25	Director	$0	$0	$0
MANDY BOERSMA	DIRECTOR	0.25	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	$82,946	$104,592	$634,228	$-21,646
2023	$92,010	$54,816	$655,874	$37,194
2022	$-12,589	$64,238	$657,489	$-76,827
2021	$115,327	$81,849	$1,139,840	$33,478
2020	$94,943	$65,555	$1,186,362	$29,388
2019	$89,323	$61,549	$732,641	$27,774
2018	$36,154	$6,381	$734,867	$29,773