GREATER DAVENPORT REDEVELOPMENT CORPORATION (EIN 421488339) - 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

1997

Legal Domicile

Principal Officer

JASON GORDON

Phone

5633221706

Tax Period

2024-07-01 to 2025-06-30

GREATER DAVENPORT REDEVELOPMENT CORPORATION, founded in 1997, is a small nonprofit in the Community Improvement sector that reported $358K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $277K, a strong 77% operating margin.

Mission

THE GREATER DAVENPORT REDEVELOPMENT CORPORATION IS A PUBLIC-PRIVATE INDUSTRIAL DEVELOPMENT ORGANIZATION FOR THE CITY OF DAVENPORT, IOWA. THE ORGANIZATION PROVIDES SKILLED AND PROFESSIONAL ASSISTANCE TO COMPANIES PURSUING DEVELOPMENT AND REDEVELOPMENT OPPORTUNITIES IN THE GREATER DAVENPORT AREA.

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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 $0

Investment Income $354,117

Other Revenue $3,552

TOTAL REVENUE $357,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,393

Other Expenses $80,854

TOTAL EXPENSES $80,854

Year-over-Year Comparison

	2024	2023	Change
Revenue	$357,669	$419,310	-0.1%
Expenses	$80,854	$686,687	-0.9%
Net Income	$276,815	$-267,377	-2.0%

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
BRUCE BERGER	TREASURER	3.00	Officer Director	$0	$0	$0
RICK DUNN	DIRECTOR	2.00	Director	$0	$0	$0
JASON GORDON	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
KYLE GRIPP	DIRECTOR	2.00	Director	$0	$0	$0
ASHLEY HENDON	DIRECTOR	2.00	Director	$0	$0	$0
JOHN RICHES	DIRECTOR	2.00	Director	$0	$0	$0
GREG SCHAAPVELD	DIRECTOR	2.00	Director	$0	$0	$0
GREG THEIS	VICE CHAIR	3.00	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	$357,669	$80,854	$8,166,319	$276,815
2024	$419,310	$686,687	$7,884,981	$-267,377
2023	$288,905	$134,473	$8,156,399	$154,432
2022	$1,334,959	$113,413	$8,010,175	$1,221,546
2021	$1,696,265	$157,312	$6,793,401	$1,538,953
2020	$468,909	$257,726	$5,392,073	$211,183
2019	$78,507	$109,074	$5,356,257	$-30,567
2018	$910,566	$153,580	$5,381,701	$756,986

GREATER DAVENPORT REDEVELOPMENT CORPORATION