WATERLOO DEVELOPMENT CORPORATION (EIN 421505470) - 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

2000

Legal Domicile

Principal Officer

ROBERT W PETERSEN

Phone

3194860688

Tax Period

2024-01-01 to 2024-12-31

WATERLOO DEVELOPMENT CORPORATION, founded in 2000, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 145% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 80% operating margin.

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 $1,672,578

Program Service Revenue $0

Investment Income $30,348

Other Revenue $0

TOTAL REVENUE $1,702,926

Expense Breakdown

Grants Paid $19,780

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $299,922

Other Expenses $327,310

TOTAL EXPENSES $347,090

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,702,926	$693,984	+1.5%
Expenses	$347,090	$166,766	+1.1%
Net Income	$1,355,836	$527,218	+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

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
DANIEL WATTERS	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT PETERSEN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
FABIO CASTRO	TREASURER	1.00	Officer Director	$0	$0	$0
ERIC JOHNSON	SECRETARY	5.00	Officer Director	$0	$0	$0
ROBERT GREENWOOD	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA GUINN	DIRECTOR (THRU 10/24)	1.00	Director	$0	$0	$0
TIM HURLEY	DIRECTOR	1.00	Director	$0	$0	$0
JAMES MILLER	DIRECTOR	10.00	Director	$0	$0	$0
KRISTIN SCHAEFER	DIRECTOR	1.00	Director	$0	$0	$0
TROY SMITH	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
2024	$1,702,926	$347,090	$2,600,937	$1,355,836
2023	$693,984	$166,766	$1,222,920	$527,218
2022	$876,951	$482,293	$695,702	$394,658
2021	$123,629	$127,478	$301,044	$-3,849
2020	$105,846	$107,343	$304,893	$-1,497
2019	$76,895	$81,634	$306,390	$-4,739
2018	$1,330,036	$75,380	$311,129	$1,254,656

WATERLOO DEVELOPMENT CORPORATION