HAZEN COMMUNITY DEVELOPMENT

EIN: 450375772

HAZEN, ND

Total Revenue
$224,792
Total Expenses
$210,567
Total Assets
$830,440
Net Assets
$830,440
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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
ND
Principal Officer
WAYNE HOFFNER
Phone
7017486886
Tax Period
2025-01-01 to 2025-12-31

HAZEN COMMUNITY DEVELOPMENT, founded in 1988, is a small nonprofit that reported $225K in total revenue in fiscal year 2025. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $211K left a modest 6% surplus.

Mission

TO FURTHER THE ECONOMIC DEVELOPMENT OF THE CITY OF HAZEN BY SUPPORTING LOCAL BUSINESSES AND PROMOTING NEW ENTERPRISE. TO BENEFIT CITIZENS OF HAZEN AND SURROUNDING AREAS BY EXPANDING AVAILABLE GOODS AND SERVICES AND INCREASING EMPLOYMENT OPPORTUNITIES.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $164,991
Program Service Revenue $0
Investment Income $591
Other Revenue $59,210
TOTAL REVENUE $224,792

Expense Breakdown

Grants Paid $150,966
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $193,097
Other Expenses $59,601
TOTAL EXPENSES $210,567

Year-over-Year Comparison

2025 2024 Change
Revenue $224,792 $188,036 +0.2%
Expenses $210,567 $183,837 +0.1%
Net Income $14,225 $4,199 +2.4%
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

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
14

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
5
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WAYNE HOFFNER PRESIDENT 8.00
Officer Director
$0 $0 $0
TROY SCHILLING VICE PRESIDE 7.00
Officer Director
$0 $0 $0
KEN MILLER SECRETARY 6.00
Officer Director
$0 $0 $0
CORRIE ROGNESS TREASURER 12.00
Officer Director
$0 $0 $0
JENNIFER OPP PAST PRESIDE 12.00
Director
$0 $0 $0
PAUL DOLL AT LARGE 7.00
Director
$0 $0 $0
MARCY KNOELL AT LARGE 12.00
Director
$0 $0 $0
JESSE SHIFERL CITY DESIGNE 2.00
Director
$0 $0 $0
DAN PILLAR DIRECTOR 3.00
Director
$0 $0 $0
DOUG ROTHE DIRECTOR 10.00
Director
$0 $0 $0
DUANE DUPPONG DIRECTOR 8.00
Director
$0 $0 $0
JASON HAACK DIRECTOR 1.00
Director
$0 $0 $0
NATHAN BUSCHE DIRECTOR 8.00
Director
$0 $0 $0
MCKINZIE WIEDRICH DIRECTOR 3.00
Director
$0 $0 $0
MYRA SAVELKOUL EXECUTIVE DI 25.00
Officer
$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 $224,792 $210,567 $830,440 $14,225
2024 No data No data No data No data
2023 $184,284 $193,484 $812,016 $-9,200
2022 $157,548 $166,842 $821,216 $-9,294
2021 $172,956 $110,380 $830,510 $62,576
2020 $119,675 $256,781 $844,096 $-137,106
2019 $204,636 $115,508 $1,001,142 $89,128
2018 $155,813 $105,493 $945,903 $50,320
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