PARK RIVER COMMUNITY DEVELOPMENT CORP

EIN: 450390369 501(c)(3)

PARK RIVER, ND

Total Revenue
$140,971
Total Expenses
$115,833
Total Assets
$299,649
Net Assets
$296,853
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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
1989
Legal Domicile
ND
Principal Officer
NANCY THOMPSON
Phone
7012846150
Tax Period
2023-01-01 to 2023-12-31

PARK RIVER COMMUNITY DEVELOPMENT CORP, founded in 1989, is a small nonprofit that reported $141K in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $25K, a strong 18% operating margin.

Mission

DEVELOP SELL AND RENT COMMERCIAL BUILDINGS IN THE COMMUNITY TO PROMOTE 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $31,000
Program Service Revenue $45,321
Investment Income $36,665
Other Revenue $27,985
TOTAL REVENUE $140,971

Expense Breakdown

Grants Paid $0
Salaries & Benefits $30,820
Fundraising Expenses $0
Program Expenses $115,833
Other Expenses $85,013
TOTAL EXPENSES $115,833

Year-over-Year Comparison

2023 2022 Change
Revenue $140,971 $98,004 +0.4%
Expenses $115,833 $95,502 +0.2%
Net Income $25,138 $2,502 +9.0%
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

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Governance

Voting Members
4
Independent Members
4
Employees
2
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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURELYN LARSON Vice President 1.00
Director
$0 $0 $0
NANCY THOMPSON Secretary 1.00
Director
$0 $0 $0
ALLISON OLIMB President 1.00
Director
$0 $0 $0
STEVE REHOVSKY Treasurer 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
2023 $140,971 $115,833 $299,649 $25,138
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