MONTGOMERY COUNTY DEVELOPMENT CORPORATION (EIN 421421917) - 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

1994

Legal Domicile

Principal Officer

TIM FRIDOLPH

Phone

7123571122

Tax Period

2024-07-01 to 2025-06-30

MONTGOMERY COUNTY DEVELOPMENT CORPORATION, founded in 1994, is a micro nonprofit in the Recreation & Sports sector that reported $80K in total revenue in fiscal year 2024. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $104K exceeded revenue, resulting in a 30% operating deficit.

Mission

ECONOMIC DEVELOPMENT

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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 $65,200

Program Service Revenue $0

Investment Income $13,180

Other Revenue $1,762

TOTAL REVENUE $80,142

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,632

Fundraising Expenses $0

Program Expenses $96,047

Other Expenses $39,699

TOTAL EXPENSES $104,331

Year-over-Year Comparison

	2024	2023	Change
Revenue	$80,142	$352,095	-0.8%
Expenses	$104,331	$92,589	+0.1%
Net Income	$-24,189	$259,506	-1.1%

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

$60,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM FRIDOLPH	PRESIDENT	1.00	Officer	$0	$0	$0
MIKE OLSON	VICE PRESIDENT	1.00	Officer	$0	$0	$0
KRYSTALLE FADA	SECRETARY	1.00	Officer	$0	$0	$0
LEE HAIDSIAK	TREASURER	1.00	Officer	$0	$0	$0
JEANICE LESTER	DIRECTOR	1.00	Director	$0	$0	$0
BRYANT AMOS	DIRECTOR	1.00	Director	$0	$0	$0
RON LORENZ	DIRECTOR	1.00	Director	$0	$0	$0
LISA KOTTER	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS BLOOM	DIRECTOR	1.00	Director	$0	$0	$0
JASON LANDESS	DIRECTOR	1.00	Director	$0	$0	$0
DEB MAHER	DIRECTOR	1.00	Director	$0	$0	$0
JASON ORME	DIRECTOR	1.00	Director	$0	$0	$0
ELAINE CARLSON	DIRECTOR	1.00	Director	$0	$0	$0
STEVE ADAMS	EXECUTIVE DIRECTOR	40.00	Key Emp	$0	$0	$60,000
BRYANT BLAY	DIRECTOR	1.00	Director	$0	$0	$0
ANN CARDER	DIRECTOR	1.00	Director	$0	$0	$0
JENNA RASMEY	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	$80,142	$104,331	$433,440	$-24,189
2024	$352,095	$92,589	$457,833	$259,506

MONTGOMERY COUNTY DEVELOPMENT CORPORATION