ST LOUIS DEVELOPMENT CORPORATION

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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

CHARLES HAHN

Phone

3146573700

Tax Period

2023-07-01 to 2024-06-30

ST LOUIS DEVELOPMENT CORPORATION, founded in 1988, is a mid-sized nonprofit that reported $12.6M in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $16.9M exceeded revenue, resulting in a 34% operating deficit.

Mission

TO IMPROVE THE EFFICIENCY AND EFFECTIVENESS OF THE ECONOMIC DEVELOPMENT ACTIVITIES OF THE CITY OF ST. LOUIS, MISSOURI.

Program Service Accomplishments

Program 1

Expenses: $16,916,916 Revenue: $11,814,093

SLDC IMPROVES THE EFFICIENCY AND EFFECTIVENESS OF SIX GOVERNMENT AGENCIES AND ST. LOUIS LOCAL DEVELOPMENT COMPANY, ANOTHER TAX-EXEMPT ORGANIZATION, BY PERFORMING ADMINISTRATIVE AND RESEARCH...

SLDC IMPROVES THE EFFICIENCY AND EFFECTIVENESS OF SIX GOVERNMENT AGENCIES AND ST. LOUIS LOCAL DEVELOPMENT COMPANY, ANOTHER TAX-EXEMPT ORGANIZATION, BY PERFORMING ADMINISTRATIVE AND RESEARCH FUNCTIONS. THE CORPORATION ACTS AS AN IMPREST ADMINISTRATION FUND WHICH PAYS THE GENERAL EXPENSES AND ALLOCATES THEM TO THE SEVEN AFFILIATED AGENCIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $11,814,093

Investment Income $730,030

Other Revenue $72,332

TOTAL REVENUE $12,616,455

Expense Breakdown

Grants Paid $645,125

Salaries & Benefits $12,175,038

Fundraising Expenses $0

Program Expenses $16,916,916

Other Expenses $4,096,753

TOTAL EXPENSES $16,916,916

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,616,455	$25,186,270	-0.5%
Expenses	$16,916,916	$28,853,773	-0.4%
Net Income	$-4,300,461	$-3,667,503	+0.2%

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

$456,889

Total Directors

$299,782

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAMEEM CLARK-HUBBARD	MEMBER	1.00	Director	$0	$0	$0
CARA SPENCER	MEMBER	1.00	Director	$0	$0	$0
MATTHEW S MCBRIDE	MEMBER	1.00	Director	$0	$0	$0
LOURA GILBERT	MEMBER	1.00	Director	$0	$0	$0
SEAN SPENCER	MEMBER	1.00	Director	$0	$0	$0
GARY REED	MEMBER	1.00	Director	$0	$0	$0
CALVIN ARNOLD	MEMBER	1.00	Director	$0	$0	$0
MARVIN ANDERSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVID MEYER	SECRETARY	1.00	Officer	$0	$0	$0
CHARLES HAHN	TREASURER/SVP CFO	40.00	Officer	$142,844	$14,263	$157,107
NEAL RICHARDSON	CHAIRMAN/EXECUTIVE DIR	40.00	Officer Director	$262,058	$37,724	$299,782
LANCE KNUCKLES	SVP STRATEGIC GROWTH AND D	40.00	Highest	$165,920	$23,196	$189,116
STACEY LYNN FOWLER	SVP MINORITY BUSINESS EMPO	40.00	Highest	$160,758	$22,727	$183,485
PAUL ORR	SVP REAL ESTATE DEVELOPMEN	40.00	Highest	$161,164	$24,208	$185,372
SIMON HUANG	CHIEF TECHOLOGY OFFICER	40.00	Highest	$134,674	$25,065	$159,739

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	No data	No data	No data	No data
2024	$12,616,455	$16,916,916	$62,231,143	$-4,300,461
2023	$25,186,270	$28,853,773	$63,081,613	$-3,667,503
2022	$7,007,732	$11,937,216	$13,361,721	$-4,929,484
2021	$12,294,204	$15,818,951	$13,684,401	$-3,524,747
2020	$7,076,509	$10,551,384	$14,298,358	$-3,474,875
2019	$7,368,236	$10,668,077	$13,619,736	$-3,299,841
2018	$5,958,938	$8,913,981	$10,437,923	$-2,955,043