STARK DEVELOPMENT CORPORATION (EIN 450405386) - 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

1992

Legal Domicile

Principal Officer

PEGGY EHRESMAN

Phone

7012255997

Tax Period

2024-01-01 to 2024-12-31

STARK DEVELOPMENT CORPORATION, founded in 1992, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.1M, a strong 60% operating margin.

Mission

PROMOTES THE START-UP AND GROWTH OF VARIOUS BUSINESS VENTURES WITHIN SOUTHWEST NORTH DAKOTA.

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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 $1,510,550

Program Service Revenue $0

Investment Income $256,597

Other Revenue $47,468

TOTAL REVENUE $1,814,615

Expense Breakdown

Grants Paid $236,937

Salaries & Benefits $341,294

Fundraising Expenses $0

Program Expenses $698,049

Other Expenses $144,118

TOTAL EXPENSES $722,349

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,814,615	$1,557,449	+0.2%
Expenses	$722,349	$840,970	-0.1%
Net Income	$1,092,266	$716,479	+0.5%

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

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
PEGGY EHRESMAN	PRESIDENT	N/A	Officer Director	$0	$0	$0
MARY URLACHER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
LISA ROERS	SECRETARY	N/A	Officer Director	$0	$0	$0
CHRIS JOHNSON	TREASURER	N/A	Officer Director	$0	$0	$0
JORDAN SELINGER	DIRECTOR	N/A	Director	$0	$0	$0
TOM FATH	DIRECTOR	N/A	Director	$0	$0	$0
TY ORTON	DIRECTOR	N/A	Director	$0	$0	$0
FLOYD HURT	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT DECKER	DIRECTOR	N/A	Director	$0	$0	$0
KYLER SWAN	DIRECTOR	N/A	Director	$0	$0	$0
AMBROSE HOFF	DIRECTOR	N/A	Director	$0	$0	$0
NEAL MESSER	DIRECTOR	N/A	Director	$0	$0	$0
DAVID GREEF	DIRECTOR	N/A	Director	$0	$0	$0
JASON HOPFAUF	DIRECTOR	N/A	Director	$0	$0	$0
AARON GRINSTEINNER	DIRECTOR	N/A	Director	$0	$0	$0
CAROLE ENDERLE	DIRECTOR	N/A	Director	$0	$0	$0
BRYAN PERSONNE	DIRECTOR	N/A	Director	$0	$0	$0
JON LEADBETTER	DIRECTOR	N/A	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	$1,814,615	$722,349	$14,443,235	$1,092,266
2023	$1,557,449	$840,970	$12,516,519	$716,479
2022	$1,413,847	$1,010,482	$10,969,366	$403,365
2021	$1,783,751	$1,653,186	$9,498,776	$130,565
2020	$2,226,769	$1,830,766	$9,127,664	$396,003
2019	$1,877,658	$1,508,654	$8,050,878	$369,004
2018	$1,494,573	$1,008,323	$7,233,196	$486,250

STARK DEVELOPMENT CORPORATION